FTAI Aviation (NASDAQ:FTAI) Hits New 12-Month Low – Here’s What Happened

FTAI Aviation Ltd. (NASDAQ:FTAI) hit a new 52-week low during trading on Friday. The company traded as low as $146.48 and last traded at $151.08, with a volume of 246,293 shares. The stock had previously closed at $157.50.

Wall Street Analysts Forecast Growth

Several analysts have commented on FTAI shares. Barclays lowered their target price on shares of FTAI Aviation from $350.00 to $310.00 and set an “overweight” rating for the company in a research note on Tuesday, September 15th. Weiss Ratings downgraded FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Royal Bank Of Canada lowered their price objective on FTAI Aviation from $350.00 to $300.00 and set an “outperform” rating for the company in a research report on Monday, July 27th. BTIG Research reduced their target price on FTAI Aviation from $400.00 to $350.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $325.00 target price on shares of FTAI Aviation in a research report on Sunday, August 2nd. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, FTAI Aviation presently has an average rating of “Moderate Buy” and a consensus target price of $310.62.

FTAI Aviation Stock Down 1.9%

The stock has a market cap of $15.87 billion, a price-to-earnings ratio of 33.58, a PEG ratio of 0.81 and a beta of 1.51. The company has a quick ratio of 2.07, a current ratio of 5.28 and a debt-to-equity ratio of 8.55. The stock has a fifty day moving average of $183.77 and a two-hundred day moving average of $220.87.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.19). The firm had revenue of $953.09 million during the quarter. FTAI Aviation had a return on equity of 139.59% and a net margin of 15.94%. FTAI Aviation’s revenue for the quarter was up 40.9% on a year-over-year basis. During the same quarter last year, the business posted $1.57 EPS. As a group, analysts predict that FTAI Aviation Ltd. will post 5.48 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Wednesday, August 12th were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, August 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.3%. FTAI Aviation’s payout ratio is presently 43.48%.

Insider Transactions at FTAI Aviation

In other FTAI Aviation news, President David Moreno purchased 2,475 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were purchased at an average price of $201.27 per share, for a total transaction of $498,143.25. Following the completion of the acquisition, the president owned 199,490 shares of the company’s stock, valued at approximately $40,151,352.30. This represents a 1.26% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On FTAI Aviation

Several institutional investors have recently bought and sold shares of FTAI. Root Financial Partners LLC increased its position in shares of FTAI Aviation by 40.9% in the first quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 45 shares in the last quarter. SJS Investment Consulting Inc. lifted its holdings in shares of FTAI Aviation by 122.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 59 shares in the last quarter. Compound Planning Inc. lifted its holdings in shares of FTAI Aviation by 2.7% during the 1st quarter. Compound Planning Inc. now owns 2,287 shares of the financial services provider’s stock valued at $560,000 after acquiring an additional 60 shares in the last quarter. Meeder Asset Management Inc. boosted its position in FTAI Aviation by 142.2% during the 1st quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 64 shares during the period. Finally, SBI Securities Co. Ltd. boosted its position in FTAI Aviation by 55.7% during the 3rd quarter. SBI Securities Co. Ltd. now owns 179 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 64 shares during the period. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

About FTAI Aviation

FTAI Aviation Ltd. is an aviation-focused company that owns, acquires, leases and sells commercial aircraft engines, aircraft and related aviation assets. Its portfolio primarily supports the global narrowbody aircraft market, with a particular focus on widely used engine platforms such as the CFM56 and V2500.

The company provides engine leasing solutions to airlines, aircraft leasing companies and other aviation customers. It also supplies aviation parts and materials and offers maintenance, repair and overhaul-related services.