FTAI Aviation (NASDAQ:FTAI) Hits New 12-Month Low - Here's What Happened

Key Points

• FTAI Aviation shares fell to a new 52-week low, trading as low as $146.48 after previously closing at $157.50. The stock’s 50-day and 200-day moving averages stood at $183.77 and $220.87, respectively.
• Analysts remain broadly positive despite lowering price targets: eight analysts rate the stock a Buy and two rate it a Hold, producing a “Moderate Buy” consensus and an average target of $310.62.
• The company reported quarterly EPS of $1.13, missing the $1.32 consensus estimate, although revenue rose 40.9% year over year to $953.09 million. FTAI also maintains a $0.50 quarterly dividend, equivalent to a 1.3% annual yield.

Shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Get Free Report) hit a new 52-week low on Friday. The stock traded as low as $146.48 and last traded at $151.08, with a volume of 246,293 shares traded. The stock had previously closed at $157.50.

Analyst Upgrades and Downgrades

FTAI has been the topic of a number of analyst reports. Barclays cut their price objective on shares of FTAI Aviation from $350.00 to $310.00 and set an "overweight" rating on the stock in a research report on Tuesday, September 15th. Morgan Stanley cut their price target on shares of FTAI Aviation from $360.00 to $310.00 and set an "overweight" rating on the stock in a report on Friday, October 16th. Royal Bank Of Canada reduced their price objective on FTAI Aviation from $350.00 to $300.00 and set an "outperform" rating for the company in a research note on Monday, July 27th. Jefferies Financial Group restated a "buy" rating and set a $325.00 target price on shares of FTAI Aviation in a research report on Sunday, August 2nd. Finally, Citizens Jmp initiated coverage on shares of 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. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, FTAI Aviation has a consensus rating of "Moderate Buy" and an average target price of $310.62.

FTAI Aviation Stock Performance

The company has a debt-to-equity ratio of 8.55, a quick ratio of 2.07 and a current ratio of 5.28. The company has a market capitalization of $15.87 billion, a price-to-earnings ratio of 33.58, a P/E/G ratio of 0.81 and a beta of 1.51. The firm has a 50-day simple moving average of $183.77 and a two-hundred day simple moving average of $220.87.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its earnings results on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share for the quarter, missing analysts' consensus estimates of $1.32 by ($0.19). The firm had revenue of $953.09 million for the quarter. FTAI Aviation had a return on equity of 139.59% and a net margin of 15.94%. The business's revenue for the quarter was up 40.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.57 EPS. On average, sell-side analysts anticipate that FTAI Aviation Ltd. will post 5.48 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Wednesday, August 12th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, August 12th. FTAI Aviation's dividend payout ratio is 43.48%.

Insider Activity at FTAI Aviation

In related news, President David Moreno bought 2,475 shares of the stock in a transaction on Friday, July 31st. The shares were bought at an average cost of $201.27 per share, for a total transaction of $498,143.25. Following the completion of the transaction, the president owned 199,490 shares of the company's stock, valued at $40,151,352.30. This represents a 1.26% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.35% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. State Street Corp grew its holdings in FTAI Aviation by 2.5% during the 2nd quarter. State Street Corp now owns 3,083,589 shares of the financial services provider's stock valued at $834,203,000 after buying an additional 75,452 shares during the last quarter. Bank of America Corp DE lifted its position in shares of FTAI Aviation by 8.2% in the first quarter. Bank of America Corp DE now owns 885,337 shares of the financial services provider's stock valued at $216,908,000 after acquiring an additional 67,097 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of FTAI Aviation by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 631,212 shares of the financial services provider's stock valued at $154,515,000 after acquiring an additional 15,291 shares in the last quarter. First Trust Advisors LP lifted its position in shares of FTAI Aviation by 5.0% in the first quarter. First Trust Advisors LP now owns 383,773 shares of the financial services provider's stock valued at $94,024,000 after acquiring an additional 18,399 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of FTAI Aviation by 27.6% during the first quarter. Bank of New York Mellon Corp now owns 361,230 shares of the financial services provider's stock valued at $88,501,000 after acquiring an additional 78,152 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Company Profile

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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