Insider Buying: FTAI Aviation Ltd. (NYSE:FTAI) Insider Buys 1,087 Shares of Stock

FTAI Aviation Ltd. (NYSE:FTAI - Get Free Report) insider Stacy Kuperus bought 1,087 shares of the business's stock in a transaction on Friday, May 2nd. The shares were acquired at an average price of $92.90 per share, for a total transaction of $100,982.30. Following the completion of the purchase, the insider now owns 88,423 shares in the company, valued at approximately $8,214,496.70. The trade was a 1.24 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

FTAI Aviation Trading Down 2.6 %

FTAI Aviation stock traded down $2.89 during midday trading on Friday, hitting $107.12. The stock had a trading volume of 1,839,431 shares, compared to its average volume of 1,770,405. FTAI Aviation Ltd. has a 52-week low of $75.06 and a 52-week high of $181.64. The company has a market capitalization of $10.99 billion, a PE ratio of -1,071.09 and a beta of 1.64. The firm's fifty day moving average is $103.06 and its two-hundred day moving average is $125.42.

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

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 16th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Friday, May 16th. FTAI Aviation's dividend payout ratio (DPR) is 571.43%.

Institutional Trading of FTAI Aviation

Institutional investors have recently made changes to their positions in the business. Barclays PLC raised its position in shares of FTAI Aviation by 73.5% during the third quarter. Barclays PLC now owns 214,610 shares of the financial services provider's stock valued at $28,520,000 after buying an additional 90,905 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in FTAI Aviation in the 3rd quarter worth $478,000. Franklin Resources Inc. boosted its holdings in shares of 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 purchasing an additional 208,613 shares during the last quarter. Everence Capital Management Inc. bought a new stake in shares of FTAI Aviation in the fourth quarter worth about $203,000. Finally, Diversified Trust Co lifted its position in shares of FTAI Aviation by 79.4% in the fourth quarter. Diversified Trust Co now owns 23,463 shares of the financial services provider's stock worth $3,380,000 after buying an additional 10,383 shares in the last quarter. Hedge funds and other institutional investors own 88.96% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. JMP Securities dropped their price target on shares of FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating on the stock in a report on Thursday. Citigroup restated a "buy" rating on shares of FTAI Aviation in a report on Thursday, March 6th. StockNews.com raised FTAI Aviation to a "sell" rating in a report on Wednesday, April 23rd. Morgan Stanley cut their price objective on FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, Barclays lowered their target price on FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, FTAI Aviation presently has a consensus rating of "Moderate Buy" and an average price target of $171.83.

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.