FTAI Aviation (NASDAQ:FTAI) Hits New 12-Month High – What’s Next?

FTAI Aviation Ltd. (NASDAQ:FTAI) 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.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Jones Trading began coverage on FTAI Aviation in a report on Friday, October 10th. They issued a “buy” rating and a $306.00 price objective for the company. Zacks Research upgraded shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. BTIG Research reissued a “buy” rating and issued a $230.00 price target on shares of FTAI Aviation in a research report on Tuesday, December 30th. Wolfe Research restated an “outperform” rating and set a $225.00 price target on shares of FTAI Aviation in a research note on Wednesday, December 31st. Finally, Barclays raised their price objective on shares of FTAI Aviation from $200.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. One 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $226.88.

FTAI Aviation Trading Up 2.4%

The company’s fifty day simple moving average is $188.77 and its 200 day simple moving average is $165.07. The stock has a market capitalization of $28.74 billion, a P/E ratio of 63.98 and a beta of 1.54.

FTAI Aviation (NASDAQ:FTAI) last released 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 business had revenue of $667.06 million during the quarter, compared to analysts’ expectations of $662.51 million. FTAI Aviation had a net margin of 20.82% and a return on equity of 370.51%. The business’s revenue was up 43.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.76 EPS. Equities research analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 10th were given a $0.35 dividend. The ex-dividend date was Monday, November 10th. This represents a $1.40 annualized dividend and a yield of 0.5%. FTAI Aviation’s payout ratio is 31.96%.

Insider Buying and Selling

In other news, COO David Moreno purchased 4,354 shares of the stock in a transaction on Thursday, November 13th. The shares were acquired at an average price of $153.89 per share, for a total transaction of $670,037.06. Following the completion of the transaction, the chief operating officer directly owned 4,354 shares of the company’s stock, valued at approximately $670,037.06. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 1.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FTAI Aviation

Several institutional investors have recently modified their holdings of FTAI. Rossby Financial LCC raised its holdings in shares of FTAI Aviation by 13.6% during the 3rd quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock valued at $94,000 after buying an additional 65 shares in the last quarter. Assetmark Inc. grew its position in FTAI Aviation by 11.0% during the third quarter. Assetmark Inc. now owns 708 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 70 shares during the last quarter. CWM LLC raised its stake in shares of FTAI Aviation by 6.8% during the third quarter. CWM LLC now owns 1,157 shares of the financial services provider’s stock worth $193,000 after acquiring an additional 74 shares in the last quarter. Brookstone Capital Management lifted its holdings in shares of FTAI Aviation by 2.5% in the 3rd quarter. Brookstone Capital Management now owns 3,088 shares of the financial services provider’s stock worth $515,000 after acquiring an additional 75 shares during the last quarter. Finally, Foundations Investment Advisors LLC boosted its stake in shares of FTAI Aviation by 3.5% in the 3rd quarter. Foundations Investment Advisors LLC now owns 2,241 shares of the financial services provider’s stock valued at $374,000 after purchasing an additional 76 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors.

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.