TAT Technologies (NASDAQ:TATT) Sets New 52-Week High – Still a Buy?

TAT Technologies Ltd. (NASDAQ:TATT) reached a new 52-week high on Tuesday . The stock traded as high as $54.67 and last traded at $55.26, with a volume of 30090 shares. The stock had previously closed at $52.33.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Wall Street Zen raised TAT Technologies from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Stifel Nicolaus lifted their target price on TAT Technologies from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Benchmark began coverage on shares of TAT Technologies in a report on Monday, November 17th. They issued a “buy” rating and a $53.00 target price for the company. Weiss Ratings restated a “buy (b)” rating on shares of TAT Technologies in a research note on Monday, December 29th. Finally, Jones Trading started coverage on shares of TAT Technologies in a research report on Friday, October 10th. They set a “buy” rating and a $50.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $51.33.

TAT Technologies Trading Down 2.0%

The business’s fifty day moving average is $44.88 and its 200-day moving average is $40.49. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 4.44. The firm has a market cap of $638.80 million, a P/E ratio of 38.24 and a beta of 0.89.

TAT Technologies (NASDAQ:TATT) last announced its quarterly earnings results on Wednesday, November 12th. The aerospace company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.03). The business had revenue of $46.24 million during the quarter, compared to analyst estimates of $46.27 million. TAT Technologies had a net margin of 9.08% and a return on equity of 11.10%.

Institutional Investors Weigh In On TAT Technologies

Institutional investors have recently made changes to their positions in the stock. Huntleigh Advisors Inc. increased its stake in shares of TAT Technologies by 5.4% in the fourth quarter. Huntleigh Advisors Inc. now owns 40,166 shares of the aerospace company’s stock valued at $1,794,000 after buying an additional 2,065 shares during the period. Calamos Advisors LLC boosted its holdings in TAT Technologies by 288.9% in the fourth quarter. Calamos Advisors LLC now owns 94,695 shares of the aerospace company’s stock valued at $4,229,000 after acquiring an additional 70,345 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in TAT Technologies by 92.1% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 386,996 shares of the aerospace company’s stock valued at $17,283,000 after purchasing an additional 185,574 shares during the period. Oak Ridge Investments LLC bought a new position in TAT Technologies during the 4th quarter worth approximately $1,160,000. Finally, Tower View Wealth Management LLC acquired a new position in shares of TAT Technologies in the 4th quarter worth approximately $1,568,000. Institutional investors own 15.13% of the company’s stock.

TAT Technologies Company Profile

TAT Technologies Ltd. is a global provider of environmental control and thermal management solutions for the aerospace industry. The company specializes in the design, manufacturing and support of aircraft environmental control systems (ECS), heat exchangers and related components. Its product portfolio serves commercial and military airframers, engine manufacturers and airlines, offering critical systems that regulate cabin pressure, temperature and ventilation on fixed-wing and rotary aircraft.

Key offerings include air cycle machines, preconditioned air units, steam/water separators and specialty heat exchangers engineered to meet stringent aerospace standards.