FTAI Aviation (NYSE:FTAI) Hits New 52-Week High at $73.86

Shares of FTAI Aviation Ltd. (NYSE:FTAI) reached a new 52-week high during trading on Tuesday . The company traded as high as $73.86 and last traded at $72.92, with a volume of 253662 shares traded. The stock had previously closed at $70.89.

Analyst Ratings Changes

A number of research firms recently commented on FTAI. Barclays lifted their target price on shares of FTAI Aviation from $62.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Morgan Stanley raised their price target on shares of FTAI Aviation from $58.00 to $70.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Benchmark raised their price target on shares of FTAI Aviation from $45.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. StockNews.com lowered shares of FTAI Aviation from a “hold” rating to a “sell” rating in a research report on Friday, April 12th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $59.00 price target (up from $40.00) on shares of FTAI Aviation in a research report on Monday, February 26th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.25.

FTAI Aviation Trading Up 2.4 %

The company has a market cap of $7.28 billion, a PE ratio of 34.79 and a beta of 1.90. The firm’s fifty day moving average is $62.40 and its 200 day moving average is $50.39.

FTAI Aviation (NYSE:FTAI) last issued its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $0.37 by $0.72. The company had revenue of $312.74 million during the quarter, compared to analyst estimates of $310.04 million. FTAI Aviation had a net margin of 20.82% and a return on equity of 223.80%. The firm’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.20 EPS. As a group, sell-side analysts anticipate that FTAI Aviation Ltd. will post 2.43 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 8th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.20 annualized dividend and a yield of 1.65%. FTAI Aviation’s dividend payout ratio (DPR) is presently 57.14%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. raised its holdings in FTAI Aviation by 1.8% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 39,944 shares of the financial services provider’s stock valued at $2,688,000 after buying an additional 718 shares during the period. Raymond James & Associates increased its stake in FTAI Aviation by 16.9% during the first quarter. Raymond James & Associates now owns 97,896 shares of the financial services provider’s stock worth $6,588,000 after purchasing an additional 14,159 shares during the period. Edmonds Duncan Registered Investment Advisors LLC purchased a new stake in FTAI Aviation during the first quarter worth about $206,000. Allspring Global Investments Holdings LLC increased its stake in FTAI Aviation by 10.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 19,942 shares of the financial services provider’s stock worth $1,342,000 after purchasing an additional 1,958 shares during the period. Finally, Blue Zone Wealth Advisors LLC purchased a new stake in FTAI Aviation during the first quarter worth about $236,000. Institutional investors and hedge funds 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.