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

FTAI Aviation Ltd. (NYSE:FTAI) shares reached a new 52-week high during trading on Friday . The stock traded as high as $177.65 and last traded at $177.54, with a volume of 407229 shares. The stock had previously closed at $168.78.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on FTAI shares. Benchmark increased their target price on FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their target price on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Barclays upped their price target on shares of FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Wolfe Research raised shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a report on Friday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $160.00 price objective on shares of FTAI Aviation in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, FTAI Aviation has a consensus rating of “Moderate Buy” and an average price target of $177.33.

FTAI Aviation Stock Up 3.1 %

The company has a 50-day moving average of $151.83 and a two-hundred day moving average of $131.42. The company has a market capitalization of $17.85 billion, a P/E ratio of -1,740.03 and a beta of 2.09.

FTAI Aviation (NYSE:FTAI) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The business had revenue of $465.80 million during the quarter, compared to analysts’ expectations of $422.45 million. During the same period in the prior year, the company earned $0.33 earnings per share. The firm’s quarterly revenue was up 60.0% compared to the same quarter last year. As a group, equities analysts expect that FTAI Aviation Ltd. will post 2.21 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 0.69%. FTAI Aviation’s payout ratio is -1,200.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its stake in shares of FTAI Aviation by 2.7% in the third quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider’s stock worth $317,202,000 after acquiring an additional 61,897 shares during the last quarter. State Street Corp grew its position in FTAI Aviation by 1.7% during the 3rd quarter. State Street Corp now owns 2,325,049 shares of the financial services provider’s stock valued at $308,999,000 after purchasing an additional 38,279 shares during the last quarter. Westfield Capital Management Co. LP increased its stake in FTAI Aviation by 87.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock valued at $220,618,000 after purchasing an additional 773,017 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in FTAI Aviation by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider’s stock worth $153,474,000 after buying an additional 182,252 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its stake in shares of FTAI Aviation by 10.0% in the third quarter. Two Sigma Advisers LP now owns 1,048,600 shares of the financial services provider’s stock worth $139,359,000 after buying an additional 95,200 shares in the last quarter. 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.