FTAI Aviation (NYSE:FTAI) Reaches New 1-Year High at $129.00

FTAI Aviation Ltd. (NYSE:FTAI)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $129.00 and last traded at $126.83, with a volume of 427421 shares changing hands. The stock had previously closed at $125.23.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on FTAI shares. Benchmark raised their price target on FTAI Aviation from $100.00 to $150.00 and gave the company a “buy” rating in a report on Friday, August 16th. BTIG Research started coverage on FTAI Aviation in a report on Monday, August 26th. They set a “buy” rating and a $140.00 price target on the stock. Wolfe Research cut FTAI Aviation from an “outperform” rating to a “peer perform” rating in a report on Wednesday, July 10th. Royal Bank of Canada raised their price target on FTAI Aviation from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Morgan Stanley raised their price target on FTAI Aviation from $105.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, August 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, FTAI Aviation currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.00.

FTAI Aviation Price Performance

The company has a market cap of $12.67 billion, a PE ratio of 57.73 and a beta of 2.04. The company has a 50-day moving average of $111.58 and a 200 day moving average of $89.67.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.14). The company had revenue of $443.59 million during the quarter, compared to analysts’ expectations of $361.92 million. FTAI Aviation had a positive return on equity of 180.68% and a negative net margin of 1.50%. Equities research analysts expect that FTAI Aviation Ltd. will post 2.13 EPS for the current year.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Monday, August 12th were given a $0.30 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.20 annualized dividend and a yield of 0.95%. FTAI Aviation’s dividend payout ratio is currently 54.79%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Arcadia Investment Management Corp MI purchased a new position in shares of FTAI Aviation during the second quarter valued at approximately $33,000. Ridgewood Investments LLC purchased a new position in shares of FTAI Aviation during the second quarter valued at approximately $59,000. Tucker Asset Management LLC boosted its position in shares of FTAI Aviation by 726.5% during the fourth quarter. Tucker Asset Management LLC now owns 1,653 shares of the financial services provider’s stock valued at $77,000 after buying an additional 1,453 shares during the period. RiverPark Advisors LLC purchased a new position in shares of FTAI Aviation during the second quarter valued at approximately $202,000. Finally, Profund Advisors LLC purchased a new position in shares of FTAI Aviation during the second quarter valued at approximately $205,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

About FTAI Aviation

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.