FTAI Aviation (NYSE:FTAI) Hits New 1-Year High at $75.70

Shares of FTAI Aviation Ltd. (NYSE:FTAI) hit a new 52-week high on Thursday . The stock traded as high as $75.70 and last traded at $75.34, with a volume of 636280 shares trading hands. The stock had previously closed at $73.20.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada assumed coverage on shares of FTAI Aviation in a research note on Friday. They set an “outperform” rating and a $85.00 price target on the stock. StockNews.com lowered FTAI Aviation from a “hold” rating to a “sell” rating in a research report on Friday, April 12th. Stifel Nicolaus lifted their target price on FTAI Aviation from $59.00 to $66.00 and gave the stock a “hold” rating in a research report on Monday, April 29th. JMP Securities lifted their target price on FTAI Aviation from $66.00 to $85.00 and gave the stock a “market outperform” rating in a research report on Monday, April 29th. Finally, Benchmark reaffirmed a “buy” rating and set a $100.00 target price on shares of FTAI Aviation in a research report on Thursday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.95.

FTAI Aviation Stock Up 3.7 %

The firm has a market capitalization of $7.85 billion, a price-to-earnings ratio of 34.48 and a beta of 1.90. The stock has a 50 day moving average of $65.87 and a 200 day moving average of $52.57.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). The firm had revenue of $326.70 million during the quarter, compared to analyst estimates of $302.07 million. FTAI Aviation had a return on equity of 188.45% and a net margin of 21.08%. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the business posted $0.22 earnings per share. Analysts predict that FTAI Aviation Ltd. will post 1.88 earnings per share for the current year.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Friday, May 10th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.20 dividend on an annualized basis and a yield of 1.53%. FTAI Aviation’s payout ratio is currently 54.79%.

Hedge Funds Weigh In On FTAI Aviation

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in FTAI Aviation by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 8,507,122 shares of the financial services provider’s stock valued at $394,730,000 after acquiring an additional 84,611 shares during the period. FMR LLC raised its holdings in FTAI Aviation by 179.7% during the third quarter. FMR LLC now owns 6,216,983 shares of the financial services provider’s stock worth $221,014,000 after purchasing an additional 3,994,578 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in FTAI Aviation by 90.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,858,682 shares of the financial services provider’s stock worth $132,643,000 after purchasing an additional 1,359,302 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in FTAI Aviation by 36.8% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,736,600 shares of the financial services provider’s stock worth $97,286,000 after purchasing an additional 736,400 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in FTAI Aviation by 1.2% during the third quarter. Ameriprise Financial Inc. now owns 2,657,619 shares of the financial services provider’s stock worth $94,478,000 after purchasing an additional 31,815 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

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.