FTAI Aviation (NASDAQ:FTAI) Shares Climb 6.7% - Here's Why

Key Points

• FTAI Aviation shares rose 6.7% to $175.74 during Tuesday trading, despite volume running 56% below the stock’s average. The company has an $18.16 billion market capitalization.
• Analyst sentiment remains positive overall, with nine Buy ratings and two Holds producing a consensus “Moderate Buy” rating and a $315.67 average price target. Recent targets ranged from $290 to $360.
• FTAI reported quarterly revenue of $953.09 million, up 40.9% year over year, but earnings of $1.13 per share missed expectations of $1.32. The company also maintains a quarterly dividend of $0.50 per share, or a 1.1% annualized yield.

Shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Get Free Report) were up 6.7% during trading on Tuesday. The company traded as high as $175.75 and last traded at $175.74. 653,265 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 1,498,671 shares. The stock had previously closed at $164.70.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on FTAI shares. Morgan Stanley upped their price target on FTAI Aviation from $319.00 to $360.00 and gave the company an "overweight" rating in a report on Friday, August 21st. BTIG Research dropped their price objective on FTAI Aviation from $400.00 to $350.00 and set a "buy" rating for the company in a research report on Tuesday, August 4th. Weiss Ratings cut shares of FTAI Aviation from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, August 3rd. Barclays decreased their price target on FTAI Aviation from $350.00 to $310.00 and set an "overweight" rating for the company in a report on Tuesday, September 15th. Finally, Deutsche Bank Aktiengesellschaft set a $290.00 price objective on FTAI Aviation in a research note on Friday, July 31st. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $315.67.

FTAI Aviation Trading Up 7.4%

The company has a market cap of $18.16 billion, a price-to-earnings ratio of 38.45, a price-to-earnings-growth ratio of 0.83 and a beta of 1.51. The company's 50 day moving average price is $196.55 and its 200 day moving average price is $227.69. The company has a debt-to-equity ratio of 8.55, a quick ratio of 2.07 and a current ratio of 5.28.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.19). The business had revenue of $953.09 million for the quarter. FTAI Aviation had a net margin of 15.94% and a return on equity of 139.59%. The business's quarterly revenue was up 40.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.57 EPS. Research analysts anticipate that FTAI Aviation Ltd. will post 5.48 EPS for the current year.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Wednesday, August 12th were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $2.00 annualized dividend and a dividend yield of 1.1%. FTAI Aviation's dividend payout ratio (DPR) is currently 43.48%.

Insider Activity at FTAI Aviation

In other news, President David Moreno bought 2,475 shares of the firm's stock in a transaction that occurred on Friday, July 31st. The stock was acquired 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 owned 199,490 shares of the company's stock, valued at $40,151,352.30. This represents a 1.26% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.35% of the company's stock.

Institutional Trading of FTAI Aviation

Several hedge funds and other institutional investors have recently bought and sold shares of FTAI. MassMutual Private Wealth & Trust FSB bought a new stake in shares of FTAI Aviation during the 3rd quarter valued at $25,000. Doliver Advisors LP acquired a new position in shares of FTAI Aviation in the third quarter valued at approximately $844,000. QRG Capital Management Inc. boosted its position in FTAI Aviation by 13.8% during the 2nd quarter. QRG Capital Management Inc. now owns 3,349 shares of the financial services provider's stock worth $906,000 after buying an additional 407 shares during the period. Envestnet Asset Management Inc. grew its holdings in FTAI Aviation by 27.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 58,338 shares of the financial services provider's stock worth $15,782,000 after acquiring an additional 12,490 shares during the last quarter. Finally, Andra AP fonden bought a new stake in FTAI Aviation during the 2nd quarter worth approximately $325,000. Institutional investors and hedge funds own 88.96% of the company's stock.

FTAI Aviation Company Profile

FTAI Aviation Ltd. is an aviation company focused on owning, leasing, and managing commercial aircraft and aircraft engines. The company provides aviation assets to airlines, aircraft leasing companies, maintenance, repair and overhaul providers, and other participants in the global aviation industry.

FTAI Aviation's business includes aircraft and engine leasing, asset management, and the acquisition and sale of aviation equipment. Through its aviation products activities, the company also develops and sells proprietary aerospace products designed to improve engine performance, reliability, and maintenance economics, including solutions associated with the CFM56 engine platform.

The company serves customers across international aviation markets and manages assets used by airlines and operators in multiple regions.

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