FTAI Aviation (NYSE:FTAI) Hits New 52-Week High at $106.43

FTAI Aviation Ltd. (NYSE:FTAI) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $106.43 and last traded at $106.37, with a volume of 316106 shares. The stock had previously closed at $105.00.

Wall Street Analyst Weigh In

Several research analysts recently commented on FTAI shares. Benchmark reissued a “buy” rating and set a $100.00 target price on shares of FTAI Aviation in a research note on Friday, June 7th. Jefferies Financial Group began coverage on FTAI Aviation in a research report on Tuesday, June 25th. They set a “buy” rating and a $120.00 price objective for the company. Barclays upped their price objective on FTAI Aviation from $62.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft upped their price objective on FTAI Aviation from $84.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. Finally, Compass Point upped their price objective on FTAI Aviation from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $88.50.

FTAI Aviation Stock Performance

The business has a 50-day moving average of $84.69 and a 200-day moving average of $66.63. The stock has a market capitalization of $10.71 billion, a price-to-earnings ratio of 49.30 and a beta of 2.03.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.06). The company had revenue of $326.70 million for the quarter, compared to analysts’ expectations of $302.07 million. FTAI Aviation had a net margin of 21.08% and a return on equity of 188.45%. The firm’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.22 earnings per share. On average, research analysts predict that FTAI Aviation Ltd. will post 2.04 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Friday, May 10th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.12%. The ex-dividend date was Thursday, May 9th. FTAI Aviation’s dividend payout ratio is presently 54.79%.

Insider Buying and Selling at FTAI Aviation

In related news, CEO Joseph P. Jr. Adams acquired 59,000 shares of FTAI Aviation stock in a transaction on Thursday, May 30th. The stock was purchased at an average cost of $82.00 per share, with a total value of $4,838,000.00. Following the purchase, the chief executive officer now directly owns 197,382 shares in the company, valued at $16,185,324. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On FTAI Aviation

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of FTAI Aviation by 6.3% during the 1st quarter. Vanguard Group Inc. now owns 9,040,503 shares of the financial services provider’s stock worth $608,426,000 after buying an additional 533,381 shares in the last quarter. Capital International Investors acquired a new stake in shares of FTAI Aviation in the 1st quarter worth approximately $274,052,000. CIBC Private Wealth Group LLC grew its holdings in shares of FTAI Aviation by 90.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,858,682 shares of the financial services provider’s stock worth $132,643,000 after acquiring an additional 1,359,302 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of FTAI Aviation by 1.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,657,619 shares of the financial services provider’s stock worth $94,478,000 after acquiring an additional 31,815 shares during the period. Finally, Norges Bank acquired a new stake in shares of FTAI Aviation in the 4th quarter worth approximately $55,039,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

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.