26,000 FTAI Aviation Ltd. $FTAI Shares Purchased by Hiddenite Capital Partners LP

Key Points

• Hiddenite Capital Partners increased its FTAI Aviation stake by 88.2% in the third quarter, purchasing 26,000 additional shares and bringing its holdings to 55,472 shares worth approximately $9.3 million.
• FTAI Aviation reported quarterly EPS of $1.43, exceeding estimates by $0.12, while revenue rose 46.6% year over year to $977.66 million. The company also declared a $0.50 quarterly dividend, equivalent to a 1.0% annualized yield.
• Analysts maintain a generally positive outlook, with eight Buy ratings and two Holds producing a consensus “Moderate Buy” rating and a $304.38 price target, despite several recent target-price reductions.

Hiddenite Capital Partners LP grew its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 88.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 55,472 shares of the financial services provider's stock after acquiring an additional 26,000 shares during the quarter. FTAI Aviation comprises approximately 1.6% of Hiddenite Capital Partners LP's holdings, making the stock its 22nd largest position. Hiddenite Capital Partners LP owned approximately 0.05% of FTAI Aviation worth $9,265,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in FTAI. Meeder Asset Management Inc. increased its holdings in shares of FTAI Aviation by 142.2% during the first quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 64 shares during the period. Ancora Advisors LLC acquired a new stake in FTAI Aviation in the second quarter worth about $32,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in FTAI Aviation in the second quarter worth about $37,000. Root Financial Partners LLC bought a new position in FTAI Aviation in the 3rd quarter valued at about $25,000. Finally, MassMutual Private Wealth & Trust FSB bought a new position in FTAI Aviation in the 3rd quarter valued at about $25,000. Institutional investors and hedge funds own 88.96% of the company's stock.

FTAI Aviation Stock Up 5.6%

FTAI stock opened at $197.75 on Tuesday. FTAI Aviation Ltd. has a 12 month low of $146.48 and a 12 month high of $323.51. The firm has a market cap of $20.31 billion, a PE ratio of 40.11, a P/E/G ratio of 0.83 and a beta of 1.51. The firm has a 50 day simple moving average of $178.73 and a 200 day simple moving average of $231.78. The company has a debt-to-equity ratio of 8.55, a current ratio of 5.28 and a quick ratio of 2.07.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.12. The firm had revenue of $977.66 million for the quarter. FTAI Aviation had a net margin of 15.94% and a return on equity of 139.59%. The company's quarterly revenue was up 46.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.10 EPS. Equities research analysts forecast that FTAI Aviation Ltd. will post 5.48 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Tuesday, November 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Tuesday, November 10th. FTAI Aviation's dividend payout ratio is 40.57%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on FTAI shares. Royal Bank Of Canada reduced their price target on shares of FTAI Aviation from $300.00 to $250.00 and set an "outperform" rating for the company in a research note on Wednesday, October 28th. BTIG Research lowered their price objective on shares of FTAI Aviation from $400.00 to $350.00 and set a "buy" rating on the stock in a research note on Tuesday, August 4th. Barclays dropped their target price on FTAI Aviation from $350.00 to $310.00 and set an "overweight" rating on the stock in a report on Tuesday, September 15th. Citizens Jmp assumed coverage on FTAI Aviation in a research report on Wednesday, July 15th. They issued a "market outperform" rating and a $375.00 target price for the company. Finally, Morgan Stanley decreased their price target on FTAI Aviation from $360.00 to $310.00 and set an "overweight" rating for the company in a research note on Friday, October 16th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $304.38.

About FTAI Aviation

FTAI Aviation Ltd. is an aviation-focused company that owns, acquires, leases and sells commercial aircraft engines, aircraft and related aviation assets. Its portfolio primarily supports the global narrowbody aircraft market, with a particular focus on widely used engine platforms such as the CFM56 and V2500.

The company provides engine leasing solutions to airlines, aircraft leasing companies and other aviation customers. It also supplies aviation parts and materials and offers maintenance, repair and overhaul-related services.

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