FTAI Aviation (NASDAQ:FTAI) Shares Gap Up - Should You Buy?

Key Points

• FTAI Aviation shares opened 4.0% higher at $183.41 and recently traded at $180.34, although the price remained below its 50-day and 200-day moving averages.
• Analysts maintain a generally positive outlook, with nine Buy ratings and two Holds, an overall “Moderate Buy” consensus, and an average price target of $315.67.
• The company reported quarterly revenue of $953.1 million, up 40.9% year over year, but missed earnings estimates with EPS of $1.13 versus the $1.32 consensus. FTAI also pays a quarterly dividend of $0.50 per share, yielding about 1.1%.

FTAI Aviation Ltd. (NASDAQ:FTAI - Get Free Report)'s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $176.44, but opened at $183.41. FTAI Aviation shares last traded at $180.34, with a volume of 109,831 shares.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FTAI. Deutsche Bank Aktiengesellschaft set a $290.00 price objective on FTAI Aviation in a report on Friday, July 31st. Royal Bank Of Canada reduced their price target on FTAI Aviation from $350.00 to $300.00 and set an "outperform" rating for the company in a research report on Monday, July 27th. Jefferies Financial Group restated a "buy" rating and issued a $325.00 price target on shares of FTAI Aviation in a research note on Sunday, August 2nd. Morgan Stanley boosted their price target on FTAI Aviation from $319.00 to $360.00 and gave the stock an "overweight" rating in a research report on Friday, August 21st. Finally, Zacks Research cut FTAI Aviation from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 21st. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $315.67.

FTAI Aviation Trading Up 4.6%

The business's 50 day moving average price is $206.47 and its 200-day moving average price is $236.53. 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 company has a market cap of $18.95 billion, a price-to-earnings ratio of 40.11, a PEG ratio of 0.88 and a beta of 1.51.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last announced 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 company's revenue for the quarter 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. On average, equities analysts anticipate that FTAI Aviation Ltd. will post 5.48 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Shareholders 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 yield of 1.1%. The ex-dividend date was Wednesday, August 12th. FTAI Aviation's dividend payout ratio is presently 43.48%.

Insider Transactions at FTAI Aviation

In other news, President David Moreno acquired 2,475 shares of the firm's stock in a transaction that occurred on Friday, July 31st. The shares were 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 directly owned 199,490 shares of the company's stock, valued at $40,151,352.30. The trade was a 1.26% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.35% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FTAI. Capital World Investors lifted its stake in FTAI Aviation by 41.1% in the 4th quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider's stock valued at $1,755,290,000 after purchasing an additional 2,596,265 shares during the last quarter. Westfield Capital Management Co. LP raised its stake in FTAI Aviation by 10.3% during the fourth quarter. Westfield Capital Management Co. LP now owns 2,350,625 shares of the financial services provider's stock worth $462,721,000 after buying an additional 220,384 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of FTAI Aviation by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 2,004,963 shares of the financial services provider's stock valued at $394,757,000 after purchasing an additional 71,271 shares in the last quarter. Norges Bank bought a new position in shares of FTAI Aviation during the 4th quarter worth approximately $262,393,000. Finally, Bank of America Corp DE grew its holdings in 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 worth $216,908,000 after purchasing an additional 67,097 shares during the period. Institutional investors and hedge funds own 88.96% of the company's stock.

About FTAI Aviation

FTAI Aviation Ltd. NASDAQ: FTAI is an aviation asset owner and lessor focused on commercial aircraft engines and related aviation equipment. The company primarily acquires, leases and manages aircraft engines, with a particular emphasis on CFM56 engines, which power many Airbus A320-family and Boeing 737 Next Generation aircraft.

In addition to engine leasing, FTAI Aviation owns and leases commercial aircraft and provides aviation aftermarket services. Its activities include engine disassembly, maintenance, repair and overhaul, as well as the sale of engine components and other aircraft parts.

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