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

FTAI Aviation Ltd. (NASDAQ:FTAI)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $199.88 and last traded at $197.05, with a volume of 3258912 shares. The stock had previously closed at $172.83.

Wall Street Analyst Weigh In

Several analysts have issued reports on FTAI shares. Jones Trading started coverage on FTAI Aviation in a research report on Friday, October 10th. They set a “buy” rating and a $306.00 target price on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of FTAI Aviation in a research note on Monday. Barclays raised their price objective on FTAI Aviation from $195.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Zacks Research downgraded shares of FTAI Aviation from a “hold” rating to a “strong sell” rating in a report on Thursday, December 11th. Finally, Royal Bank Of Canada increased their price target on shares of FTAI Aviation from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, FTAI Aviation currently has a consensus rating of “Moderate Buy” and a consensus target price of $203.63.

FTAI Aviation Trading Up 14.0%

The company has a 50-day moving average of $169.83 and a 200-day moving average of $153.55. The company has a market capitalization of $20.21 billion, a price-to-earnings ratio of 44.99 and a beta of 1.56.

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). FTAI Aviation had a return on equity of 370.51% and a net margin of 20.82%.The business had revenue of $667.06 million during the quarter, compared to analyst estimates of $662.51 million. During the same period in the prior year, the business posted $0.76 EPS. FTAI Aviation’s revenue was up 43.2% compared to the same quarter last year. On average, research analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Monday, November 10th were paid a dividend of $0.35 per share. The ex-dividend date was Monday, November 10th. This represents a $1.40 dividend on an annualized basis and a yield of 0.7%. FTAI Aviation’s dividend payout ratio is presently 31.96%.

Insider Activity

In related news, COO David Moreno purchased 4,354 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was acquired at an average price of $153.89 per share, with a total value of $670,037.06. Following the completion of the acquisition, the chief operating officer owned 4,354 shares in the company, valued at approximately $670,037.06. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On FTAI Aviation

Several hedge funds have recently made changes to their positions in FTAI. Capital International Investors lifted its position in FTAI Aviation by 0.7% during the 3rd quarter. Capital International Investors now owns 13,895,852 shares of the financial services provider’s stock worth $2,318,615,000 after acquiring an additional 94,383 shares during the period. Capital World Investors increased its holdings in shares of FTAI Aviation by 17.3% in the third quarter. Capital World Investors now owns 6,320,565 shares of the financial services provider’s stock valued at $1,054,649,000 after purchasing an additional 933,944 shares during the period. Rubric Capital Management LP raised its stake in shares of FTAI Aviation by 28.3% in the second quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock worth $390,455,000 after purchasing an additional 749,080 shares during the last quarter. Ensign Peak Advisors Inc lifted its holdings in shares of FTAI Aviation by 67.4% during the second quarter. Ensign Peak Advisors Inc now owns 3,075,788 shares of the financial services provider’s stock worth $353,839,000 after purchasing an additional 1,238,294 shares during the period. Finally, Frontier Capital Management Co. LLC lifted its holdings in shares of FTAI Aviation by 5.9% during the second quarter. Frontier Capital Management Co. LLC now owns 2,144,625 shares of the financial services provider’s stock worth $246,718,000 after purchasing an additional 119,237 shares during the period. 88.96% of the stock is owned by institutional investors and hedge funds.

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.