FTAI Aviation (NASDAQ:FTAI) Reaches New 1-Year High – Here’s Why

FTAI Aviation Ltd. (NASDAQ:FTAI) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $278.35 and last traded at $276.14, with a volume of 498903 shares trading hands. The stock had previously closed at $273.71.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on FTAI shares. Morgan Stanley lifted their target price on shares of FTAI Aviation from $220.00 to $266.00 and gave the company an “overweight” rating in a research note on Tuesday, January 6th. Jones Trading started coverage on shares of FTAI Aviation in a research note on Friday, October 10th. They issued a “buy” rating and a $306.00 price target on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of FTAI Aviation in a research report on Monday, December 29th. Zacks Research upgraded FTAI Aviation from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Finally, Barclays upped their target price on FTAI Aviation from $200.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $226.88.

FTAI Aviation Stock Performance

The company has a market capitalization of $30.12 billion, a P/E ratio of 67.04 and a beta of 1.54. The company has a 50-day simple moving average of $196.74 and a 200 day simple moving average of $167.95.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings data 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 net margin of 20.82% and a return on equity of 370.51%. The business had revenue of $667.06 million during the quarter, compared to the consensus estimate of $662.51 million. During the same period in the prior year, the company posted $0.76 earnings per share. The firm’s revenue was up 43.2% compared to the same quarter last year. As a group, sell-side analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share 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 given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, November 10th. FTAI Aviation’s dividend payout ratio (DPR) is currently 31.96%.

Insider Activity

In related news, COO David Moreno acquired 4,354 shares of the business’s stock in a transaction dated 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 transaction, the chief operating officer 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 purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On FTAI Aviation

Institutional investors have recently added to or reduced their stakes in the company. Capital International Investors raised its stake in shares of FTAI Aviation by 0.7% in the third quarter. Capital International Investors now owns 13,895,852 shares of the financial services provider’s stock valued at $2,318,615,000 after purchasing an additional 94,383 shares in the last quarter. Capital World Investors boosted its holdings in shares of FTAI Aviation by 17.3% in the 3rd quarter. Capital World Investors now owns 6,320,565 shares of the financial services provider’s stock worth $1,054,649,000 after acquiring an additional 933,944 shares in the last quarter. Rubric Capital Management LP boosted its stake in 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 in the last quarter. Ensign Peak Advisors Inc grew its holdings in FTAI Aviation by 67.4% during the 2nd quarter. Ensign Peak Advisors Inc now owns 3,075,788 shares of the financial services provider’s stock worth $353,839,000 after acquiring an additional 1,238,294 shares during the last quarter. Finally, Frontier Capital Management Co. LLC grew its stake 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 valued at $246,718,000 after purchasing an additional 119,237 shares during the last quarter. 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.