FTAI Aviation (NYSE:FTAI) Sets New 52-Week High – What’s Next?

FTAI Aviation Ltd. (NYSE:FTAI) shares hit a new 52-week high on Friday . The stock traded as high as $177.65 and last traded at $177.54, with a volume of 407229 shares traded. The stock had previously closed at $168.78.

Analyst Ratings Changes

FTAI has been the topic of a number of recent research reports. Morgan Stanley restated an “underperform” rating on shares of FTAI Aviation in a research note on Friday, October 18th. Barclays boosted their target price on shares of FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft raised their price target on shares of FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Wolfe Research upgraded shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a research report on Friday. Finally, Compass Point raised their target price on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $177.33.

FTAI Aviation Stock Up 6.9 %

The stock has a market capitalization of $18.51 billion, a price-to-earnings ratio of -1,804.52 and a beta of 2.09. The business’s 50-day moving average is $151.20 and its two-hundred day moving average is $130.62.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). The company had revenue of $465.80 million during the quarter, compared to analyst estimates of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. FTAI Aviation’s revenue for the quarter was up 60.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.33 EPS. As a group, analysts forecast that FTAI Aviation Ltd. will post 2.21 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date was Thursday, November 14th. FTAI Aviation’s dividend payout ratio is currently -1,200.00%.

Institutional Trading of FTAI Aviation

Institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in FTAI Aviation by 2.7% during the third quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider’s stock worth $317,202,000 after acquiring an additional 61,897 shares during the last quarter. State Street Corp increased its position in shares of FTAI Aviation by 1.7% during the 3rd quarter. State Street Corp now owns 2,325,049 shares of the financial services provider’s stock worth $308,999,000 after purchasing an additional 38,279 shares during the last quarter. Westfield Capital Management Co. LP raised its holdings in FTAI Aviation by 87.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock valued at $220,618,000 after buying an additional 773,017 shares during the period. JPMorgan Chase & Co. boosted its stake in FTAI Aviation by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider’s stock worth $153,474,000 after buying an additional 182,252 shares during the period. Finally, Two Sigma Advisers LP increased its position in shares of FTAI Aviation by 10.0% during the third quarter. Two Sigma Advisers LP now owns 1,048,600 shares of the financial services provider’s stock valued at $139,359,000 after acquiring an additional 95,200 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

About FTAI Aviation

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.