FTAI Aviation (NASDAQ:FTAI) Sets New 1-Year High – Here’s What Happened

FTAI Aviation Ltd. (NASDAQ:FTAI)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $253.38 and last traded at $252.54, with a volume of 299267 shares trading hands. The stock had previously closed at $244.64.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Wolfe Research reiterated an “outperform” rating and issued a $225.00 target price on shares of FTAI Aviation in a report on Wednesday, December 31st. Barclays raised their price target on FTAI Aviation from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of FTAI Aviation in a report on Monday, December 29th. Morgan Stanley raised their target price on FTAI Aviation from $220.00 to $266.00 and gave the company an “overweight” rating in a report on Tuesday, January 6th. Finally, Royal Bank Of Canada lifted their target price on FTAI Aviation from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $219.38.

FTAI Aviation Stock Up 4.1%

The stock has a market capitalization of $26.11 billion, a PE ratio of 58.12 and a beta of 1.54. The stock has a fifty day moving average of $178.56 and a 200-day moving average of $159.82.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings results on Monday, October 27th. The financial services provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.09). The company had revenue of $667.06 million for the quarter, compared to analysts’ expectations of $662.51 million. FTAI Aviation had a return on equity of 370.51% and a net margin of 20.82%.FTAI Aviation’s revenue for the quarter was up 43.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.76 EPS. Equities research analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Monday, November 10th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, November 10th. FTAI Aviation’s dividend payout ratio (DPR) is presently 31.96%.

Insider Buying and Selling

In other FTAI Aviation news, COO David Moreno purchased 4,354 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was bought at an average cost of $153.89 per share, with a total value of $670,037.06. Following the acquisition, the chief operating officer directly owned 4,354 shares of the company’s stock, valued at approximately $670,037.06. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FTAI. Mather Group LLC. purchased a new stake in FTAI Aviation in the third quarter valued at $28,000. Parallel Advisors LLC increased its position in shares of FTAI Aviation by 78.5% during the second quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 135 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of FTAI Aviation by 880.0% in the 3rd quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 308 shares during the last quarter. Armstrong Advisory Group Inc. purchased a new stake in shares of FTAI Aviation in the 2nd quarter valued at about $60,000. Finally, Assetmark Inc. boosted its position in shares of FTAI Aviation by 15.8% in the 2nd quarter. Assetmark Inc. now owns 638 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 87 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.

About FTAI Aviation

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.