TAT Technologies (NASDAQ:TATT) Reaches New 1-Year High - Still a Buy?

Key Points

• TAT Technologies reached a 52-week high of $40.40, with a notable 7.7% increase in trading, reflecting strong investor interest.
• Several firms, including Wall Street Zen and Benchmark, have upgraded their ratings to "buy" and increased target prices, indicating confidence in the stock's future performance.
• The company reported a net margin of 8.21% and an earnings per share (EPS) of $0.30, slightly exceeding analyst expectations, despite revenue falling short of estimates.

TAT Technologies Ltd. (NASDAQ:TATT - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $39.74 and last traded at $40.40, with a volume of 148862 shares traded. The stock had previously closed at $37.06.

Analyst Upgrades and Downgrades

Several research firms recently commented on TATT. Wall Street Zen raised TAT Technologies from a "hold" rating to a "buy" rating in a research report on Sunday. Benchmark upped their target price on shares of TAT Technologies from $35.00 to $36.00 and gave the company a "buy" rating in a research note on Wednesday, June 11th. Truist Financial began coverage on shares of TAT Technologies in a research note on Wednesday, June 4th. They set a "buy" rating and a $35.00 price target on the stock. Finally, Lake Street Capital started coverage on TAT Technologies in a research report on Wednesday, June 18th. They set a "buy" rating and a $37.00 target price on the stock.

TAT Technologies Trading Up 7.7%

The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.42 and a current ratio of 4.67. The business's 50 day moving average price is $31.19 and its 200-day moving average price is $29.26. The firm has a market cap of $501.40 million, a price-to-earnings ratio of 32.80 and a beta of 0.77.

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

Hedge Funds Weigh In On TAT Technologies

A number of large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in TAT Technologies by 7.9% during the 4th quarter. JPMorgan Chase & Co. now owns 14,993 shares of the aerospace company's stock worth $385,000 after buying an additional 1,100 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of TAT Technologies by 6.6% during the fourth quarter. Renaissance Technologies LLC now owns 189,301 shares of the aerospace company's stock valued at $4,861,000 after acquiring an additional 11,799 shares during the period. Marshall Wace LLP bought a new position in shares of TAT Technologies during the fourth quarter worth about $444,000. Jane Street Group LLC acquired a new stake in shares of TAT Technologies in the 4th quarter worth about $368,000. Finally, Virtus Fund Advisers LLC bought a new stake in TAT Technologies in the 4th quarter valued at about $29,000. Institutional investors own 15.13% of the company's stock.

About TAT Technologies

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.

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