FTAI Aviation (NYSE:FTAI) Sets New 52-Week High – Here’s What Happened

Shares of FTAI Aviation Ltd. (NYSE:FTAI) reached a new 52-week high on Friday . The stock traded as high as $177.65 and last traded at $177.54, with a volume of 407229 shares. The stock had previously closed at $168.78.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FTAI. Morgan Stanley reaffirmed an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $160.00 price target on shares of FTAI Aviation in a report on Friday, November 1st. Compass Point boosted their price objective on shares of FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft raised their target price on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, Jefferies Financial Group boosted their target price on shares of FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Two investment analysts have rated the stock with a sell rating and eleven have assigned 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 $177.33.

FTAI Aviation Stock Up 3.1 %

The company has a fifty day simple moving average of $151.83 and a 200-day simple moving average of $131.42. The firm has a market cap of $17.85 billion, a P/E ratio of -1,740.03 and a beta of 2.09.

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

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 0.69%. FTAI Aviation’s payout ratio is -1,200.00%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. American Century Companies Inc. lifted its position in shares of FTAI Aviation by 1,923.5% in 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 acquiring an additional 924,730 shares in the last quarter. Westfield Capital Management Co. LP raised its stake in 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 purchasing an additional 773,017 shares during the period. International Assets Investment Management LLC lifted its holdings in 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 worth $74,959,000 after purchasing an additional 560,179 shares in the last quarter. Victory Capital Management Inc. boosted its stake in FTAI Aviation by 229.9% in the 3rd quarter. Victory Capital Management Inc. now owns 380,207 shares of the financial services provider’s stock worth $50,530,000 after purchasing an additional 264,971 shares during the period. Finally, Vantage Investment Partners LLC purchased a new stake in FTAI Aviation during the 3rd quarter valued at approximately $32,769,000. Institutional investors 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.