FTAI Aviation (NYSE:FTAI) Hits New 12-Month High at $75.70

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on FTAI. Morgan Stanley lifted their price objective on FTAI Aviation from $58.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. Benchmark restated a “buy” rating and issued a $100.00 price target on shares of FTAI Aviation in a report on Thursday. StockNews.com lowered shares of FTAI Aviation from a “hold” rating to a “sell” rating in a research report on Friday, April 12th. Compass Point boosted their price target on FTAI Aviation from $71.00 to $88.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, Barclays raised their price target on shares of FTAI Aviation from $62.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $67.17.

FTAI Aviation Stock Up 3.2 %

The company has a market cap of $7.57 billion, a PE ratio of 33.96 and a beta of 1.90. The stock’s 50 day simple moving average is $65.04 and its two-hundred day simple moving average is $52.11.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.06). FTAI Aviation had a net margin of 21.08% and a return on equity of 188.45%. The company had revenue of $326.70 million during the quarter, compared to analyst estimates of $302.07 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. Analysts forecast that FTAI Aviation Ltd. will post 2.51 EPS for the current year.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Friday, May 10th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Thursday, May 9th. FTAI Aviation’s dividend payout ratio is presently 54.79%.

Hedge Funds Weigh In On FTAI Aviation

Several hedge funds have recently made changes to their positions in the business. FMR LLC increased its position in FTAI Aviation by 179.7% in the 3rd 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 during the last quarter. CIBC Private Wealth Group LLC boosted its stake in FTAI Aviation by 90.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,858,682 shares of the financial services provider’s stock valued at $132,643,000 after acquiring an additional 1,359,302 shares during the last quarter. Norges Bank bought a new stake in FTAI Aviation in the fourth quarter valued at approximately $55,039,000. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in FTAI Aviation by 36.8% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,736,600 shares of the financial services provider’s stock valued at $97,286,000 after buying an additional 736,400 shares in the last quarter. Finally, Pingora Partners LLC acquired a new position in FTAI Aviation during the fourth quarter valued at approximately $29,147,000. Institutional investors and hedge funds 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.