TAT Technologies (NASDAQ:TATT) Sets New 1-Year High – What’s Next?

Shares of TAT Technologies Ltd. (NASDAQ:TATT) hit a new 52-week high during trading on Tuesday . The stock traded as high as $55.89 and last traded at $55.34, with a volume of 92036 shares changing hands. The stock had previously closed at $53.81.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus upped their price objective on shares of TAT Technologies from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Loop Capital set a $53.00 target price on TAT Technologies in a report on Tuesday, December 30th. Lake Street Capital restated a “buy” rating and set a $59.00 price objective on shares of TAT Technologies in a report on Wednesday, February 4th. Zacks Research upgraded TAT Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Benchmark upped their price target on shares of TAT Technologies from $53.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. 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. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $53.17.

TAT Technologies Trading Up 1.4%

The stock’s fifty day moving average price is $49.69 and its 200 day moving average price is $42.95. The stock has a market cap of $699.34 million, a P/E ratio of 41.86 and a beta of 0.93. The company has a current ratio of 4.44, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06.

Institutional Investors Weigh In On TAT Technologies

Several hedge funds have recently added to or reduced their stakes in the stock. Greenline Wealth Management LLC purchased a new position in shares of TAT Technologies in the 4th quarter worth about $41,000. Royal Bank of Canada increased its stake in TAT Technologies by 978.8% during the 4th quarter. Royal Bank of Canada now owns 1,122 shares of the aerospace company’s stock valued at $50,000 after purchasing an additional 1,018 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in TAT Technologies during the 3rd quarter valued at about $53,000. Quantbot Technologies LP purchased a new position in TAT Technologies in the third quarter worth about $121,000. Finally, Osaic Holdings Inc. lifted its stake in shares of TAT Technologies by 470.9% in the second quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company’s stock worth $166,000 after buying an additional 4,474 shares in the last quarter. 15.13% of the stock is owned by institutional investors.

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.