FTAI Aviation (NYSE:FTAI) Trading Up 3.3% – Still a Buy?

FTAI Aviation Ltd. (NYSE:FTAI)’s stock price shot up 3.3% during trading on Wednesday . The stock traded as high as $165.62 and last traded at $165.17. 596,392 shares were traded during trading, a decline of 60% from the average session volume of 1,475,588 shares. The stock had previously closed at $159.91.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FTAI. Morgan Stanley restated an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Jefferies Financial Group upped their target price on shares of FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Stifel Nicolaus boosted their target price on FTAI Aviation from $156.00 to $167.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Citigroup increased their price target on FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $160.00 price objective on shares of FTAI Aviation in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $176.18.

FTAI Aviation Stock Performance

The stock’s 50-day moving average is $150.04 and its two-hundred day moving average is $130.09. The stock has a market cap of $17.15 billion, a PE ratio of -1,672.63 and a beta of 2.09.

FTAI Aviation (NYSE:FTAI) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.01). The firm had revenue of $465.80 million for the quarter, compared to analyst estimates of $422.45 million. FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. FTAI Aviation’s revenue was up 60.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 EPS. Analysts forecast that FTAI Aviation Ltd. will post 2.21 EPS for the current year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Thursday, November 14th. FTAI Aviation’s payout ratio is currently -1,200.00%.

Institutional Trading of FTAI Aviation

A number of large investors have recently made changes to their positions in the company. Oppenheimer & Co. Inc. increased its holdings in shares of FTAI Aviation by 96.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 8,349 shares of the financial services provider’s stock valued at $1,110,000 after acquiring an additional 4,106 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new stake in shares of FTAI Aviation during the 3rd quarter worth approximately $498,000. Diversified Trust Co purchased a new position in shares of FTAI Aviation in the 3rd quarter valued at $1,738,000. Luxor Capital Group LP purchased a new position in shares of FTAI Aviation in the 3rd quarter valued at $1,298,000. Finally, Franklin Resources Inc. raised its stake in FTAI Aviation by 102.8% during the 3rd quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider’s stock worth $54,685,000 after acquiring an additional 208,613 shares in the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

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.