FTAI Aviation (NASDAQ:FTAI) Stock Jumps 7.8% – Should You Buy?

Shares of FTAI Aviation Ltd. (NASDAQ:FTAI) were up 7.8% during mid-day trading on Wednesday. The company traded as high as $171.44 and last traded at $170.29. Approximately 468,603 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 1,519,375 shares. The stock had previously closed at $157.95.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FTAI. Deutsche Bank Aktiengesellschaft set a $290.00 price objective on shares of FTAI Aviation in a research note on Friday, July 31st. Citizens Jmp started coverage on FTAI Aviation in a research note on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 target price on the stock. BTIG Research decreased their price target on shares of FTAI Aviation from $400.00 to $350.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Jefferies Financial Group reiterated a “buy” rating and set a $325.00 target price on shares of FTAI Aviation in a research report on Sunday, August 2nd. Finally, Weiss Ratings downgraded shares of FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $310.62.

FTAI Aviation Trading Down 3.7%

The company has a market cap of $16.18 billion, a price-to-earnings ratio of 34.24, a PEG ratio of 0.81 and a beta of 1.51. The business’s 50 day moving average price is $183.77 and its 200-day moving average price is $220.87. 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 posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share 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 firm had revenue of $953.09 million for the quarter. During the same quarter last year, the firm earned $1.57 EPS. FTAI Aviation’s revenue for the quarter was up 40.9% on a year-over-year basis. On average, equities analysts anticipate that FTAI Aviation Ltd. will post 5.48 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Wednesday, August 12th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Wednesday, August 12th. FTAI Aviation’s dividend payout ratio is currently 43.48%.

Insider Activity

In related news, President David Moreno acquired 2,475 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was acquired at an average cost of $201.27 per share, for a total transaction of $498,143.25. Following the transaction, the president directly owned 199,490 shares in the company, valued at $40,151,352.30. This trade represents a 1.26% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On FTAI Aviation

Several hedge funds have recently added to or reduced their stakes in FTAI. Root Financial Partners LLC grew its stake in shares of FTAI Aviation by 40.9% in the first quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 45 shares during the last quarter. SJS Investment Consulting Inc. lifted its position in shares of FTAI Aviation by 122.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 59 shares during the period. Compound Planning Inc. increased its position in FTAI Aviation by 2.7% in the 1st quarter. Compound Planning Inc. now owns 2,287 shares of the financial services provider’s stock valued at $560,000 after buying an additional 60 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of FTAI Aviation by 142.2% in the 1st quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 64 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its holdings in shares of FTAI Aviation by 55.7% during the third quarter. SBI Securities Co. Ltd. now owns 179 shares of the financial services provider’s stock valued at $30,000 after buying an additional 64 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

About FTAI Aviation

FTAI Aviation Ltd. is an aviation-focused company that owns, acquires, leases and sells commercial aircraft engines, aircraft and related aviation assets. Its portfolio primarily supports the global narrowbody aircraft market, with a particular focus on widely used engine platforms such as the CFM56 and V2500.

The company provides engine leasing solutions to airlines, aircraft leasing companies and other aviation customers. It also supplies aviation parts and materials and offers maintenance, repair and overhaul-related services.