FTAI Aviation (NYSE:FTAI) Hits New 52-Week High at $129.00

FTAI Aviation Ltd. (NYSE:FTAI)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $129.00 and last traded at $126.83, with a volume of 427421 shares. The stock had previously closed at $125.23.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on FTAI shares. Royal Bank of Canada boosted their target price on shares of FTAI Aviation from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Wolfe Research cut FTAI Aviation from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft raised their price objective on FTAI Aviation from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. JMP Securities boosted their target price on FTAI Aviation from $90.00 to $132.00 and gave the company a “market outperform” rating in a research report on Thursday, July 25th. Finally, StockNews.com upgraded FTAI Aviation to a “sell” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $124.00.

FTAI Aviation Price Performance

The stock has a market capitalization of $12.98 billion, a P/E ratio of 57.18 and a beta of 2.04. The stock’s fifty day moving average price is $110.72 and its 200 day moving average price is $88.69.

FTAI Aviation (NYSE:FTAI) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). FTAI Aviation had a positive return on equity of 180.68% and a negative net margin of 1.50%. The company had revenue of $443.59 million during the quarter, compared to the consensus estimate of $361.92 million. On average, sell-side analysts expect that FTAI Aviation Ltd. will post 2.13 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Monday, August 12th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.20 annualized dividend and a yield of 0.95%. FTAI Aviation’s payout ratio is currently 54.79%.

Institutional Trading of FTAI Aviation

Several institutional investors and hedge funds have recently made changes to their positions in FTAI. Hsbc Holdings PLC raised its holdings in FTAI Aviation by 2.0% in the second quarter. Hsbc Holdings PLC now owns 11,255 shares of the financial services provider’s stock worth $1,163,000 after purchasing an additional 216 shares in the last quarter. Xponance Inc. lifted its position in FTAI Aviation by 4.1% during the second quarter. Xponance Inc. now owns 6,275 shares of the financial services provider’s stock valued at $648,000 after acquiring an additional 248 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in FTAI Aviation during the second quarter valued at approximately $33,000. Arizona State Retirement System boosted its stake in FTAI Aviation by 1.9% in the second quarter. Arizona State Retirement System now owns 28,064 shares of the financial services provider’s stock valued at $2,897,000 after acquiring an additional 516 shares in the last quarter. Finally, Ridgewood Investments LLC purchased a new stake in shares of FTAI Aviation during the second quarter worth about $59,000. 88.96% of the stock is currently owned by institutional investors.

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.