FTAI Aviation (NYSE:FTAI) Reaches New 1-Year High at $106.43

FTAI Aviation Ltd. (NYSE:FTAI)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $106.43 and last traded at $106.37, with a volume of 316106 shares. The stock had previously closed at $105.00.

Analyst Ratings Changes

Several brokerages have commented on FTAI. Citigroup increased their price target on FTAI Aviation from $81.00 to $99.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. JMP Securities increased their target price on FTAI Aviation from $66.00 to $85.00 and gave the company a “market outperform” rating in a research note on Monday, April 29th. Jefferies Financial Group assumed coverage on FTAI Aviation in a research report on Tuesday, June 25th. They issued a “buy” rating and a $120.00 price target on the stock. Royal Bank of Canada upped their price target on FTAI Aviation from $85.00 to $95.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. Finally, Benchmark restated a “buy” rating and issued a $100.00 price objective on shares of FTAI Aviation in a research note on Friday, June 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $88.50.

FTAI Aviation Stock Up 2.2 %

The stock has a market capitalization of $10.76 billion, a price-to-earnings ratio of 47.89 and a beta of 2.03. The stock’s 50-day simple moving average is $83.31 and its 200 day simple moving average is $65.90.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.06). The firm had revenue of $326.70 million during the quarter, compared to the consensus estimate of $302.07 million. FTAI Aviation had a net margin of 21.08% and a return on equity of 188.45%. FTAI Aviation’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.22 EPS. As a group, equities research analysts anticipate that FTAI Aviation Ltd. will post 2.04 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Friday, May 10th were issued a $0.30 dividend. The ex-dividend date was Thursday, May 9th. This represents a $1.20 annualized dividend and a dividend yield of 1.12%. FTAI Aviation’s dividend payout ratio (DPR) is currently 54.79%.

Insider Activity

In related news, CEO Joseph P. Jr. Adams bought 59,000 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were purchased at an average cost of $82.00 per share, for a total transaction of $4,838,000.00. Following the acquisition, the chief executive officer now owns 197,382 shares of the company’s stock, valued at approximately $16,185,324. The purchase was disclosed in a filing with the SEC, which is available at this link. 1.60% of the stock is currently owned by company insiders.

Institutional Trading of FTAI Aviation

Hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its stake in shares of FTAI Aviation by 37.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 231 shares during the period. CWM LLC bought a new position in FTAI Aviation during the fourth quarter worth about $43,000. USA Financial Formulas grew its holdings in FTAI Aviation by 1,684.6% in the 4th quarter. USA Financial Formulas now owns 1,624 shares of the financial services provider’s stock valued at $75,000 after buying an additional 1,533 shares in the last quarter. Tucker Asset Management LLC increased its position in FTAI Aviation by 726.5% during the 4th quarter. Tucker Asset Management LLC now owns 1,653 shares of the financial services provider’s stock worth $77,000 after buying an additional 1,453 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of FTAI Aviation during the fourth quarter worth $109,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Company Profile

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.