FTAI Aviation (NYSE:FTAI) Hits New 12-Month High at $73.86

Shares of FTAI Aviation Ltd. (NYSE:FTAI) reached a new 52-week high during trading on Tuesday . The stock traded as high as $73.86 and last traded at $72.92, with a volume of 253662 shares changing hands. The stock had previously closed at $70.89.

Analyst Ratings Changes

Several research firms recently commented on FTAI. Morgan Stanley increased their target price on shares of FTAI Aviation from $58.00 to $70.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Barclays raised their target price on shares of FTAI Aviation from $62.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Benchmark raised their target price on shares of FTAI Aviation from $45.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $59.00 target price (up from $40.00) on shares of FTAI Aviation in a research report on Monday, February 26th. Finally, StockNews.com cut shares of FTAI Aviation from a “hold” rating to a “sell” rating in a research report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $54.25.

FTAI Aviation Stock Up 1.0 %

The firm has a market capitalization of $7.36 billion, a PE ratio of 34.61 and a beta of 1.90. The firm’s fifty day simple moving average is $62.79 and its 200-day simple moving average is $50.65.

FTAI Aviation (NYSE:FTAI) last issued its earnings results on Thursday, February 22nd. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.72. The business had revenue of $312.74 million during the quarter, compared to analysts’ expectations of $310.04 million. FTAI Aviation had a net margin of 20.82% and a return on equity of 223.80%. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.20 earnings per share. As a group, analysts predict that FTAI Aviation Ltd. will post 2.43 earnings per share for the current year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 8th were issued a $0.30 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.20 annualized dividend and a yield of 1.63%. FTAI Aviation’s dividend payout ratio (DPR) is presently 57.14%.

Institutional Trading of FTAI Aviation

Large investors have recently made changes to their positions in the stock. CFM Wealth Partners LLC bought a new stake in shares of FTAI Aviation in the fourth quarter worth approximately $4,186,000. Roman Butler Fullerton & Co. grew its stake in shares of FTAI Aviation by 98.2% in the fourth quarter. Roman Butler Fullerton & Co. now owns 26,848 shares of the financial services provider’s stock worth $1,246,000 after acquiring an additional 13,303 shares during the period. Axxcess Wealth Management LLC bought a new stake in shares of FTAI Aviation in the third quarter worth approximately $957,000. First Eagle Investment Management LLC grew its stake in shares of FTAI Aviation by 19.7% in the third quarter. First Eagle Investment Management LLC now owns 302,635 shares of the financial services provider’s stock worth $10,759,000 after acquiring an additional 49,702 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of FTAI Aviation by 1.3% in the third quarter. Vanguard Group Inc. now owns 8,422,511 shares of the financial services provider’s stock worth $299,420,000 after acquiring an additional 110,367 shares during the period. 88.96% of the stock is currently owned by institutional investors.

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.