FTAI Aviation (NASDAQ:FTAI) Price Target Raised to $360.00

FTAI Aviation (NASDAQ:FTAI) had its price target hoisted by Morgan Stanley from $319.00 to $360.00 in a research report released on Friday, MarketBeat Ratings reports. Morgan Stanley currently has an overweight rating on the financial services provider’s stock.

Several other research analysts have also recently commented on FTAI. Zacks Research cut shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Weiss Ratings cut FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. BTIG Research reduced their price target on FTAI Aviation from $400.00 to $350.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Jefferies Financial Group restated a “buy” rating and set a $325.00 price objective on shares of FTAI Aviation in a research note on Sunday, August 2nd. Finally, Citizens Jmp assumed coverage on FTAI Aviation in a report on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 price objective for the company. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $320.11.

FTAI Aviation Price Performance

NASDAQ:FTAI opened at $209.70 on Friday. The company has a debt-to-equity ratio of 8.55, a quick ratio of 2.07 and a current ratio of 5.28. The stock’s 50-day simple moving average is $230.58 and its 200 day simple moving average is $247.21. The company has a market cap of $21.54 billion, a P/E ratio of 45.59, a P/E/G ratio of 0.84 and a beta of 1.51. FTAI Aviation has a 52-week low of $144.98 and a 52-week high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.19). The business had revenue of $953.09 million during the quarter. FTAI Aviation had a net margin of 15.94% and a return on equity of 139.59%. The firm’s revenue for the quarter was up 40.9% on a year-over-year basis. During the same quarter last year, the company earned $1.57 EPS. As a group, sell-side analysts forecast that FTAI Aviation will post 6.77 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Wednesday, August 12th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $2.00 annualized dividend and a yield of 1.0%. FTAI Aviation’s dividend payout ratio is presently 43.48%.

Insider Buying and Selling

In related news, President David Moreno bought 2,475 shares of the business’s stock in a transaction on Friday, July 31st. The shares were purchased at an average price of $201.27 per share, for a total transaction of $498,143.25. Following the completion of the transaction, the president directly owned 199,490 shares of the company’s stock, valued at approximately $40,151,352.30. This represents a 1.26% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Judith A. Hannaway sold 255 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total transaction of $64,741.95. Following the sale, the director directly owned 3,012 shares in the company, valued at approximately $764,716.68. The trade was a 7.81% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On FTAI Aviation

Hedge funds and other institutional investors have recently bought and sold shares of the company. HB Wealth Management LLC bought a new position in FTAI Aviation in the second quarter valued at about $201,000. Saudi Central Bank grew its holdings in shares of FTAI Aviation by 84.9% during the second quarter. Saudi Central Bank now owns 7,000 shares of the financial services provider’s stock worth $1,894,000 after purchasing an additional 3,214 shares during the last quarter. Fortitude Advisory Group L.L.C. grew its holdings in shares of FTAI Aviation by 12.0% during the second quarter. Fortitude Advisory Group L.L.C. now owns 15,678 shares of the financial services provider’s stock worth $4,241,000 after purchasing an additional 1,679 shares during the last quarter. Raiffeisen Bank International AG grew its holdings in shares of FTAI Aviation by 167.1% during the second quarter. Raiffeisen Bank International AG now owns 6,861 shares of the financial services provider’s stock worth $1,809,000 after purchasing an additional 4,292 shares during the last quarter. Finally, AXQ Capital LP acquired a new position in shares of FTAI Aviation in the second quarter valued at approximately $1,285,000. Institutional investors own 88.96% of the company’s stock.

About FTAI Aviation

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.