FTAI Aviation (NYSE:FTAI) Hits New 12-Month High – Time to Buy?

FTAI Aviation Ltd. (NYSE:FTAI) hit a new 52-week high on Thursday . The company traded as high as $150.00 and last traded at $150.00, with a volume of 6094 shares traded. The stock had previously closed at $149.02.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Morgan Stanley restated an “underperform” rating on shares of FTAI Aviation in a research note on Friday, October 18th. Wolfe Research cut shares of FTAI Aviation from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. BTIG Research assumed coverage on FTAI Aviation in a research note on Monday, August 26th. They issued a “buy” rating and a $140.00 price objective for the company. Finally, Barclays boosted their target price on FTAI Aviation from $110.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, FTAI Aviation presently has an average rating of “Moderate Buy” and a consensus target price of $162.09.

FTAI Aviation Stock Up 0.8 %

The firm has a market cap of $15.36 billion, a PE ratio of -1,490.05 and a beta of 2.04. The business has a 50 day simple moving average of $133.82 and a two-hundred day simple moving average of $108.06.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 198.02%. The firm had revenue of $465.80 million during the quarter, compared to analysts’ expectations of $422.45 million. During the same quarter in the previous year, the firm posted $0.33 EPS. The firm’s revenue for the quarter was up 60.0% on a year-over-year basis. Equities analysts forecast that FTAI Aviation Ltd. will post 2.17 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be given a $0.30 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 0.80%. FTAI Aviation’s payout ratio is presently -1,199.88%.

Hedge Funds Weigh In On FTAI Aviation

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital International Investors purchased a new position in shares of FTAI Aviation during the first quarter worth $274,052,000. American Century Companies Inc. grew its position in shares of FTAI Aviation by 1,923.5% in the second quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock valued at $100,423,000 after purchasing an additional 924,730 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of FTAI Aviation by 1,488.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock valued at $58,415,000 after purchasing an additional 813,311 shares during the last quarter. International Assets Investment Management LLC boosted its stake in FTAI Aviation by 14,553.9% during the third quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider’s stock worth $74,959,000 after buying an additional 560,179 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of FTAI Aviation by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 9,040,503 shares of the financial services provider’s stock worth $608,426,000 after acquiring an additional 533,381 shares during the last quarter. 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.