FTAI Aviation (NASDAQ:FTAI) Stock Price Up 7.6% – Should You Buy?

FTAI Aviation Ltd. (NASDAQ:FTAI)’s share price rose 7.6% during mid-day trading on Monday . The company traded as high as $233.95 and last traded at $233.66. Approximately 450,051 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 1,543,049 shares. The stock had previously closed at $217.13.

Analysts Set New Price Targets

A number of equities analysts have weighed in on FTAI shares. Morgan Stanley reaffirmed an “overweight” rating and set a $319.00 price target on shares of FTAI Aviation in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft set a $290.00 price objective on FTAI Aviation in a report on Friday, July 31st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $325.00 target price on shares of FTAI Aviation in a research report on Sunday, August 2nd. Royal Bank Of Canada reduced their target price on FTAI Aviation from $350.00 to $300.00 and set an “outperform” rating on the stock in a report on Monday, July 27th. Finally, Citizens Jmp assumed coverage on FTAI Aviation in a research report on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 price target for the company. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $315.56.

FTAI Aviation Trading Down 7.0%

The firm has a market cap of $21.72 billion, a price-to-earnings ratio of 45.98, a price-to-earnings-growth ratio of 0.87 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 business has a 50 day moving average price of $232.39 and a 200-day moving average price of $248.65.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.13 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.19). FTAI Aviation had a return on equity of 139.59% and a net margin of 15.94%.The company had revenue of $953.09 million for the quarter. During the same quarter in the previous year, the business earned $1.57 earnings per share. The business’s quarterly revenue was up 40.9% compared to the same quarter last year. As a group, research analysts expect that FTAI Aviation Ltd. will post 6.77 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Wednesday, August 12th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 12th. FTAI Aviation’s payout ratio is presently 43.48%.

Insider Buying and Selling at FTAI Aviation

In other news, President David Moreno purchased 2,475 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were purchased at an average price of $201.27 per share, with a total value of $498,143.25. Following the purchase, the president directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Judith A. Hannaway sold 255 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total transaction of $64,741.95. Following the completion of the transaction, the director owned 3,012 shares in the company, valued at $764,716.68. This represents a 7.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.35% of the stock is currently owned by corporate insiders.

Institutional Trading of FTAI Aviation

Hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new position in shares of FTAI Aviation in the second quarter worth about $7,890,000. Ancora Advisors LLC acquired a new stake in FTAI Aviation during the 2nd quarter valued at approximately $32,000. Plato Investment Management Ltd acquired a new stake in FTAI Aviation during the 2nd quarter valued at approximately $90,000. Doliver Advisors LP purchased a new stake in FTAI Aviation during the 2nd quarter worth approximately $989,000. Finally, Handelsbanken Fonder AB increased its holdings in FTAI Aviation by 2.2% during the 2nd quarter. Handelsbanken Fonder AB now owns 33,320 shares of the financial services provider’s stock worth $9,014,000 after purchasing an additional 720 shares during the last quarter. 88.96% of the stock is owned by hedge funds and other 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.