TAT Technologies (NASDAQ:TATT) Sets New 12-Month High – Here’s What Happened

TAT Technologies Ltd. (NASDAQ:TATT) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $45.14 and last traded at $43.97, with a volume of 99835 shares trading hands. The stock had previously closed at $42.25.

Analyst Ratings Changes

TATT has been the topic of several research reports. Stifel Nicolaus started coverage on TAT Technologies in a research note on Tuesday, September 16th. They issued a “buy” rating and a $44.00 target price on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of TAT Technologies in a report on Saturday, September 27th. Benchmark raised their price objective on TAT Technologies from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, June 11th. Zacks Research raised shares of TAT Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 14th. Finally, Wall Street Zen upgraded TAT Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, August 17th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $38.00.

TAT Technologies Price Performance

The company has a quick ratio of 2.42, a current ratio of 4.67 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $552.26 million, a price-to-earnings ratio of 36.04 and a beta of 0.91. The business’s 50 day simple moving average is $37.78 and its 200-day simple moving average is $32.15.

TAT Technologies (NASDAQ:TATT) last posted its quarterly earnings results on Monday, August 11th. The aerospace company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01. The business had revenue of $43.10 million for the quarter, compared to analyst estimates of $43.85 million. TAT Technologies had a net margin of 8.21% and a return on equity of 10.90%.

Hedge Funds Weigh In On TAT Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Virtus Advisers LLC bought a new stake in shares of TAT Technologies during the first quarter worth $45,000. Catalyst Capital Advisors LLC acquired a new stake in shares of TAT Technologies during the 1st quarter valued at $63,000. Morgan Dempsey Capital Management LLC grew its position in TAT Technologies by 72.5% during the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 7,256 shares of the aerospace company’s stock worth $221,000 after acquiring an additional 3,050 shares during the last quarter. Walleye Capital LLC increased its holdings in TAT Technologies by 49.1% in the 2nd quarter. Walleye Capital LLC now owns 12,343 shares of the aerospace company’s stock worth $377,000 after purchasing an additional 4,062 shares in the last quarter. Finally, Osaic Holdings Inc. increased 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 worth $166,000 after purchasing an additional 4,474 shares in the last quarter. 15.13% of the stock is currently owned by institutional investors and hedge funds.

TAT Technologies Company Profile

TAT Technologies Ltd., together with its subsidiaries, provides solutions and services to the commercial and military aerospace, and ground defense industries in the United States, Israel, and internationally. The company operates through four segments: Original Equipment Manufacturing (OEM) of Heat Transfer Solutions and Aviation Accessories; Maintenance, Repair, and Overhaul (MRO) Services for Heat Transfer Components and OEM of Heat Transfer Solutions; MRO Services for Aviation Components; and Overhaul and Coating of Jet Engine Components.