FTAI Aviation (NASDAQ:FTAI) Shares Up 7.6% - Here's Why

Key Points

• FTAI Aviation shares jumped 7.6% to $233.66, despite trading volume coming in 71% below the average session volume.
• Analysts maintain a generally positive outlook, with nine Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $315.56, although some firms recently downgraded or lowered their targets.
• The company reported quarterly revenue growth of 40.9% year over year to $953.09 million, but EPS of $1.13 missed estimates; FTAI also declared a $0.50 quarterly dividend, equal to a 0.9% annualized yield.

FTAI Aviation Ltd. (NASDAQ:FTAI - Get Free Report)'s stock price traded up 7.6% during trading on Monday . The stock traded as high as $233.95 and last traded at $233.66. 450,051 shares were traded during trading, a decline of 71% from the average session volume of 1,543,049 shares. The stock had previously closed at $217.13.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Zacks Research downgraded FTAI Aviation from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 21st. Jefferies Financial Group reiterated a "buy" rating and set a $325.00 price target on shares of FTAI Aviation in a research report on Sunday, August 2nd. Citizens Jmp began coverage on FTAI Aviation in a research report on Wednesday, July 15th. They set a "market outperform" rating and a $375.00 price target for the company. Weiss Ratings downgraded FTAI Aviation from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, August 3rd. Finally, Royal Bank Of Canada decreased their price objective on FTAI Aviation from $350.00 to $300.00 and set an "outperform" rating on the stock in a report on Monday, July 27th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $315.56.

FTAI Aviation Stock Performance

The company has a current ratio of 5.28, a quick ratio of 2.07 and a debt-to-equity ratio of 8.55. The stock's fifty day simple moving average is $232.90 and its 200 day simple moving average is $249.49. The company has a market cap of $23.66 billion, a price-to-earnings ratio of 50.07, a P/E/G ratio of 0.87 and a beta of 1.51.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.32 by ($0.19). FTAI Aviation had a net margin of 15.94% and a return on equity of 139.59%. The company had revenue of $953.09 million during the quarter. During the same period in the previous year, the business earned $1.57 EPS. FTAI Aviation's quarterly revenue was up 40.9% on a year-over-year basis. As a group, analysts anticipate that FTAI Aviation Ltd. will post 6.77 earnings per share for the current year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Wednesday, August 12th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $2.00 dividend on an annualized basis and a yield of 0.9%. FTAI Aviation's payout ratio is 43.48%.

Insider Buying and Selling at FTAI Aviation

In other FTAI Aviation news, Director Judith A. Hannaway sold 255 shares of the company's stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total value of $64,741.95. Following the completion of the sale, the director directly owned 3,012 shares in the company, valued at $764,716.68. This represents a 7.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President David Moreno bought 2,475 shares of the business's stock in a transaction on Friday, July 31st. The stock was bought at an average cost of $201.27 per share, with a total value of $498,143.25. Following the completion of the purchase, the president directly owned 199,490 shares in the company, valued at approximately $40,151,352.30. The trade was a 1.26% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.35% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FTAI Aviation

A number of hedge funds have recently modified their holdings of FTAI. SJS Investment Consulting Inc. raised its stake in FTAI Aviation by 122.9% during the first quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider's stock worth $26,000 after purchasing an additional 59 shares during the period. Meeder Asset Management Inc. grew its stake in shares of FTAI Aviation by 142.2% in the 1st quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider's stock valued at $27,000 after buying an additional 64 shares during the period. Ancora Advisors LLC acquired a new stake in shares of FTAI Aviation during the 2nd quarter worth approximately $32,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of FTAI Aviation during the 2nd quarter worth approximately $37,000. Finally, Garton & Associates Financial Advisors LLC purchased a new stake in shares of FTAI Aviation during the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 88.96% of the company's stock.

FTAI Aviation Company Profile

FTAI Aviation NASDAQ: FTAI is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company's portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.

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