FTAI Aviation (NYSE:FTAI) Shares Gap Up on Insider Buying Activity

Shares of FTAI Aviation Ltd. (NYSE:FTAI - Get Free Report) gapped up prior to trading on Friday following insider buying activity. The stock had previously closed at $86.90, but opened at $93.50. FTAI Aviation shares last traded at $94.72, with a volume of 626,905 shares trading hands.

Specifically, CEO Joseph P. Jr. Adams purchased 3,000 shares of the business's stock in a transaction on Friday, May 2nd. The stock was acquired at an average price of $94.54 per share, for a total transaction of $283,620.00. Following the purchase, the chief executive officer now owns 341,852 shares of the company's stock, valued at approximately $32,318,688.08. This represents a 0.89 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO David Moreno acquired 6,580 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was acquired at an average cost of $94.85 per share, with a total value of $624,113.00. Following the purchase, the chief operating officer now owns 231,623 shares of the company's stock, valued at approximately $21,969,441.55. This trade represents a 2.92 % increase in their ownership of the stock. The disclosure for this purchase can be found here.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FTAI. Barclays decreased their target price on FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Morgan Stanley lowered their target price on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Royal Bank of Canada dropped their target price on shares of FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating for the company in a research report on Friday. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a report on Thursday, March 6th. Finally, Stifel Nicolaus raised shares of FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price objective for the company in a report on Friday. One research analyst has rated the stock with a sell rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $167.83.

FTAI Aviation Stock Up 7.0 %

The company has a market capitalization of $11.06 billion, a PE ratio of -1,078.14 and a beta of 1.64. The firm's 50 day simple moving average is $104.20 and its 200 day simple moving average is $126.11.

FTAI Aviation (NYSE:FTAI - Get Free Report) last released its earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.08). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The business's revenue for the quarter was up 53.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.31 earnings per share. As a group, sell-side analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 16th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, May 16th. This represents a $1.20 annualized dividend and a dividend yield of 1.11%. FTAI Aviation's dividend payout ratio (DPR) is presently 571.43%.

Institutional Investors Weigh In On FTAI Aviation

Several hedge funds and other institutional investors have recently modified their holdings of FTAI. Sara Bay Financial bought a new position in FTAI Aviation in the 4th quarter valued at $547,000. Ibex Wealth Advisors purchased a new stake in shares of FTAI Aviation during the fourth quarter valued at $3,518,000. Rhumbline Advisers grew its holdings in shares of FTAI Aviation by 2.2% in the fourth quarter. Rhumbline Advisers now owns 142,072 shares of the financial services provider's stock worth $20,464,000 after purchasing an additional 3,121 shares during the last quarter. SeaCrest Wealth Management LLC increased its stake in FTAI Aviation by 77.1% in the 4th quarter. SeaCrest Wealth Management LLC now owns 6,555 shares of the financial services provider's stock worth $944,000 after buying an additional 2,853 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in FTAI Aviation by 102.8% during the 3rd quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider's stock valued at $54,685,000 after buying an additional 208,613 shares in the last quarter. 88.96% of the stock is currently owned by hedge funds and other 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.