FTAI Aviation (NASDAQ:FTAI) Stock Jumps 6.7% – Should You Buy?

FTAI Aviation Ltd. (NASDAQ:FTAI)’s share price shot up 6.7% during mid-day trading on Tuesday. The stock traded as high as $175.75 and last traded at $175.74. 653,265 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 1,498,671 shares. The stock had previously closed at $164.70.

Analyst Ratings Changes

A number of research firms recently commented on FTAI. Citizens Jmp started coverage on shares of FTAI Aviation in a research note on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 price objective on the stock. Royal Bank Of Canada decreased their price target on FTAI Aviation from $350.00 to $300.00 and set an “outperform” rating for the company in a research note on Monday, July 27th. BTIG Research lowered their price target on FTAI Aviation from $400.00 to $350.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Morgan Stanley lifted their price target on FTAI Aviation from $319.00 to $360.00 and gave the company an “overweight” rating in a research report on Friday, August 21st. Finally, Barclays dropped their price objective on FTAI Aviation from $350.00 to $310.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 15th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, FTAI Aviation presently has a consensus rating of “Moderate Buy” and a consensus target price of $315.67.

FTAI Aviation Price Performance

The firm has a market capitalization of $17.96 billion, a P/E ratio of 38.01, a P/E/G ratio of 0.89 and a beta of 1.51. The business’s fifty day moving average is $195.44 and its 200 day moving average is $226.80. The company has a current ratio of 5.28, a quick ratio of 2.07 and a debt-to-equity ratio of 8.55.

FTAI Aviation (NASDAQ:FTAI) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.19). The business had revenue of $953.09 million for the quarter. FTAI Aviation had a return on equity of 139.59% and a net margin of 15.94%.The business’s quarterly revenue was up 40.9% compared to the same quarter last year. During the same period last year, the firm earned $1.57 EPS. As a group, analysts forecast that FTAI Aviation Ltd. will post 5.48 EPS for the current year.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Wednesday, August 12th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $2.00 annualized dividend and a dividend yield of 1.1%. FTAI Aviation’s dividend payout ratio (DPR) is currently 43.48%.

Insider Activity

In related news, President David Moreno bought 2,475 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average cost of $201.27 per share, for a total transaction of $498,143.25. Following the acquisition, the president directly owned 199,490 shares of the company’s stock, valued at $40,151,352.30. The trade was a 1.26% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.35% of the stock is owned by insiders.

Institutional Investors Weigh In On FTAI Aviation

Hedge funds have recently modified their holdings of the stock. First Community Trust NA acquired a new position in shares of FTAI Aviation in the 3rd quarter valued at $151,000. Moody National Bank Trust Division acquired a new stake in FTAI Aviation during the 3rd quarter worth about $4,149,000. Two Seas Capital LP lifted its stake in FTAI Aviation by 9.0% during the third quarter. Two Seas Capital LP now owns 271,260 shares of the financial services provider’s stock valued at $45,309,000 after buying an additional 22,298 shares in the last quarter. MassMutual Private Wealth & Trust FSB purchased a new stake in FTAI Aviation during the third quarter valued at about $25,000. Finally, Doliver Advisors LP acquired a new position in shares of FTAI Aviation in the third quarter worth about $844,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

About FTAI Aviation

FTAI Aviation Ltd. is an aviation company focused on owning, leasing, and managing commercial aircraft and aircraft engines. The company provides aviation assets to airlines, aircraft leasing companies, maintenance, repair and overhaul providers, and other participants in the global aviation industry.

FTAI Aviation’s business includes aircraft and engine leasing, asset management, and the acquisition and sale of aviation equipment. Through its aviation products activities, the company also develops and sells proprietary aerospace products designed to improve engine performance, reliability, and maintenance economics, including solutions associated with the CFM56 engine platform.

The company serves customers across international aviation markets and manages assets used by airlines and operators in multiple regions.