FTAI Aviation (NASDAQ:FTAI) Stock Price Up 9.1% – Should You Buy?

FTAI Aviation Ltd. (NASDAQ:FTAI) rose 9.1% during trading on Tuesday . The company traded as high as $189.99 and last traded at $188.58. Approximately 369,407 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 1,824,583 shares. The stock had previously closed at $172.83.

Analysts Set New Price Targets

Several analysts have commented on the stock. Barclays lifted their price objective on shares of FTAI Aviation from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of FTAI Aviation in a report on Monday. Wolfe Research reaffirmed an “outperform” rating and issued a $225.00 price target on shares of FTAI Aviation in a report on Wednesday. Zacks Research downgraded FTAI Aviation from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 11th. Finally, BTIG Research reissued a “buy” rating and issued a $230.00 price objective on shares of FTAI Aviation in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $208.00.

FTAI Aviation Stock Performance

The firm’s 50 day moving average price is $170.33 and its 200-day moving average price is $153.85. The firm has a market capitalization of $20.19 billion, a PE ratio of 44.94 and a beta of 1.56.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings results on Monday, October 27th. The financial services provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.09). The business had revenue of $667.06 million during the quarter, compared to analysts’ expectations of $662.51 million. FTAI Aviation had a net margin of 20.82% and a return on equity of 370.51%. FTAI Aviation’s revenue for the quarter was up 43.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 EPS. On average, equities research analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Monday, November 10th were given a dividend of $0.35 per share. The ex-dividend date was Monday, November 10th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.7%. FTAI Aviation’s dividend payout ratio (DPR) is 31.96%.

Insider Transactions at FTAI Aviation

In related news, COO David Moreno purchased 4,354 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The stock was bought at an average price of $153.89 per share, with a total value of $670,037.06. Following the acquisition, the chief operating officer owned 4,354 shares in the company, valued at $670,037.06. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of FTAI Aviation

Several institutional investors have recently modified their holdings of the stock. Capital International Investors raised its position in shares of FTAI Aviation by 0.7% during the 3rd quarter. Capital International Investors now owns 13,895,852 shares of the financial services provider’s stock worth $2,318,615,000 after purchasing an additional 94,383 shares during the last quarter. Capital World Investors increased its stake in FTAI Aviation by 17.3% during the 3rd quarter. Capital World Investors now owns 6,320,565 shares of the financial services provider’s stock worth $1,054,649,000 after buying an additional 933,944 shares in the last quarter. Rubric Capital Management LP raised its holdings in shares of FTAI Aviation by 28.3% during the second quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock valued at $390,455,000 after acquiring an additional 749,080 shares during the last quarter. Ensign Peak Advisors Inc lifted its position in shares of FTAI Aviation by 67.4% in the second quarter. Ensign Peak Advisors Inc now owns 3,075,788 shares of the financial services provider’s stock valued at $353,839,000 after acquiring an additional 1,238,294 shares in the last quarter. Finally, Frontier Capital Management Co. LLC lifted its position in shares of FTAI Aviation by 5.9% in the second quarter. Frontier Capital Management Co. LLC now owns 2,144,625 shares of the financial services provider’s stock valued at $246,718,000 after acquiring an additional 119,237 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Company Profile

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.