FTAI Aviation (NYSE:FTAI) Sets New 12-Month High at $89.90

Shares of FTAI Aviation Ltd. (NYSE:FTAI) hit a new 52-week high on Tuesday . The stock traded as high as $89.90 and last traded at $89.86, with a volume of 32225 shares trading hands. The stock had previously closed at $89.40.

Analyst Ratings Changes

Several brokerages recently weighed in on FTAI. Citigroup boosted their target price on shares of FTAI Aviation from $81.00 to $99.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. JMP Securities boosted their target price on shares of FTAI Aviation from $66.00 to $85.00 and gave the company a “market outperform” rating in a research note on Monday, April 29th. Morgan Stanley boosted their target price on shares of FTAI Aviation from $85.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, June 13th. Compass Point boosted their target price on shares of FTAI Aviation from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Finally, Benchmark reissued a “buy” rating and issued a $100.00 target price on shares of FTAI Aviation in a research note on Friday, June 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy 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 $81.05.

FTAI Aviation Trading Up 4.8 %

The stock’s 50-day moving average is $78.83 and its 200-day moving average is $62.66. The stock has a market cap of $9.39 billion, a price-to-earnings ratio of 42.78 and a beta of 1.95.

FTAI Aviation (NYSE:FTAI) last posted its earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). The business had revenue of $326.70 million for the quarter, compared to analyst estimates of $302.07 million. FTAI Aviation had a return on equity of 188.45% and a net margin of 21.08%. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period last year, the company posted $0.22 EPS. On average, equities analysts predict that FTAI Aviation Ltd. will post 2.09 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Friday, May 10th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Thursday, May 9th. FTAI Aviation’s dividend payout ratio (DPR) is presently 54.79%.

Insider Buying and Selling

In other FTAI Aviation news, CEO Joseph P. Jr. Adams bought 59,000 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was purchased at an average price of $82.00 per share, with a total value of $4,838,000.00. Following the transaction, the chief executive officer now owns 197,382 shares in the company, valued at $16,185,324. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On FTAI Aviation

Institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio boosted its holdings in FTAI Aviation by 37.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 231 shares during the period. CWM LLC purchased a new position in FTAI Aviation in the 4th quarter worth approximately $43,000. USA Financial Formulas boosted its holdings in FTAI Aviation by 1,684.6% in the 4th quarter. USA Financial Formulas now owns 1,624 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 1,533 shares during the period. Tucker Asset Management LLC boosted its holdings in FTAI Aviation by 726.5% in the 4th quarter. Tucker Asset Management LLC now owns 1,653 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 1,453 shares during the period. Finally, Operose Advisors LLC purchased a new position in shares of FTAI Aviation during the 3rd quarter valued at approximately $75,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Company Profile

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.