FTAI Aviation (NYSE:FTAI) Shares Gap Up on Analyst Upgrade

FTAI Aviation Ltd. (NYSE:FTAI) gapped up before the market opened on Friday after Benchmark raised their price target on the stock from $100.00 to $150.00. The stock had previously closed at $106.44, but opened at $108.93. Benchmark currently has a buy rating on the stock. FTAI Aviation shares last traded at $110.53, with a volume of 157,137 shares.

A number of other research firms have also commented on FTAI. Royal Bank of Canada raised their price objective on FTAI Aviation from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Stifel Nicolaus upgraded FTAI Aviation from a “hold” rating to a “buy” rating and raised their price objective for the stock from $69.00 to $132.00 in a research note on Friday, July 26th. Barclays raised their price objective on FTAI Aviation from $80.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Compass Point raised their price objective on FTAI Aviation from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on FTAI Aviation from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $122.40.

Insider Buying and Selling at FTAI Aviation

In other news, CEO Joseph P. Jr. Adams acquired 59,000 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were bought at an average price of $82.00 per share, with a total value of $4,838,000.00. Following the acquisition, the chief executive officer now directly owns 197,382 shares in the company, valued at approximately $16,185,324. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On FTAI Aviation

Several hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. lifted its holdings in FTAI Aviation by 14.2% during the 4th quarter. Victory Capital Management Inc. now owns 271,347 shares of the financial services provider’s stock worth $12,591,000 after buying an additional 33,712 shares during the period. Principal Financial Group Inc. lifted its holdings in FTAI Aviation by 107.6% during the 4th quarter. Principal Financial Group Inc. now owns 98,096 shares of the financial services provider’s stock worth $4,552,000 after buying an additional 50,834 shares during the period. Roman Butler Fullerton & Co. lifted its holdings in FTAI Aviation by 98.2% during the 4th quarter. Roman Butler Fullerton & Co. now owns 26,848 shares of the financial services provider’s stock worth $1,246,000 after buying an additional 13,303 shares during the period. ClariVest Asset Management LLC acquired a new position in FTAI Aviation during the 1st quarter worth about $1,802,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in FTAI Aviation by 1,488.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock worth $58,415,000 after buying an additional 813,311 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Stock Performance

The stock has a market capitalization of $11.19 billion, a price-to-earnings ratio of 48.60 and a beta of 2.03. The company has a fifty day simple moving average of $100.60 and a 200 day simple moving average of $78.76.

FTAI Aviation (NYSE:FTAI) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.14). FTAI Aviation had a positive return on equity of 156.50% and a negative net margin of 1.50%. The company had revenue of $443.59 million for the quarter, compared to analyst estimates of $361.92 million. As a group, equities analysts predict that FTAI Aviation Ltd. will post 1.32 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Monday, August 12th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Monday, August 12th. FTAI Aviation’s dividend payout ratio (DPR) is presently 54.79%.

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.