TAT Technologies (NASDAQ:TATT) Trading 8.6% Higher – Should You Buy?

TAT Technologies Ltd. (NASDAQ:TATT)’s share price traded up 8.6% during trading on Monday . The company traded as high as $51.77 and last traded at $52.0050. 71,922 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 155,176 shares. The stock had previously closed at $47.88.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Stifel Nicolaus upped their price target on TAT Technologies from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Lake Street Capital reiterated a “buy” rating and issued a $59.00 target price on shares of TAT Technologies in a research report on Wednesday, February 4th. Zacks Research raised shares of TAT Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Benchmark lifted their price objective on TAT Technologies from $53.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Finally, Freedom Capital raised TAT Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $53.17.

TAT Technologies Price Performance

The stock’s 50 day moving average price is $46.37 and its two-hundred day moving average price is $41.44. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.44 and a quick ratio of 2.34. The firm has a market capitalization of $666.32 million, a price-to-earnings ratio of 39.87 and a beta of 0.93.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TATT. PNC Financial Services Group Inc. acquired a new position in shares of TAT Technologies during the third quarter worth approximately $53,000. Quantbot Technologies LP acquired a new stake in shares of TAT Technologies in the third quarter worth $121,000. GWN Securities Inc. bought a new position in TAT Technologies during the third quarter worth $202,000. Axxcess Wealth Management LLC acquired a new position in TAT Technologies during the 3rd quarter valued at $225,000. Finally, Osaic Holdings Inc. boosted its holdings in TAT Technologies by 470.9% in the 2nd quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company’s stock valued at $166,000 after purchasing an additional 4,474 shares during the period. 15.13% of the stock is owned by institutional investors.

About TAT Technologies

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.