FTAI Aviation (NYSE:FTAI) Hits New 52-Week High – Still a Buy?

FTAI Aviation Ltd. (NYSE:FTAI)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $166.74 and last traded at $166.43, with a volume of 106497 shares traded. The stock had previously closed at $163.02.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FTAI. Deutsche Bank Aktiengesellschaft upped their target price on FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Citigroup upped their price target on FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Jefferies Financial Group raised their price objective 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. StockNews.com upgraded FTAI Aviation to a “sell” rating in a research report on Friday, August 2nd. Finally, Barclays lifted their price target on FTAI Aviation from $110.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $162.09.

FTAI Aviation Stock Performance

The stock has a 50-day simple moving average of $140.08 and a two-hundred day simple moving average of $113.20. The firm has a market cap of $17.41 billion, a PE ratio of 65.47 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). The business had revenue of $465.80 million for the quarter, compared to analysts’ expectations of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. FTAI Aviation’s revenue for the quarter was up 60.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.33 EPS. As a group, sell-side analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 0.71%. FTAI Aviation’s payout ratio is -1,199.88%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FTAI. Capital International Investors bought a new position in FTAI Aviation in the 1st quarter worth approximately $274,052,000. American Century Companies Inc. lifted its position in FTAI Aviation by 1,923.5% during the second quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock valued at $100,423,000 after purchasing an additional 924,730 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of FTAI Aviation by 1,488.2% in 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 in the last quarter. Westfield Capital Management Co. LP raised its position in shares of FTAI Aviation by 87.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock valued at $220,618,000 after buying an additional 773,017 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of FTAI Aviation by 14,553.9% in the 3rd quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider’s stock valued at $74,959,000 after acquiring an additional 560,179 shares during the last quarter. 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.