FTAI Aviation (NASDAQ:FTAI) Trading 8.3% Higher After Insider Buying Activity

FTAI Aviation Ltd. (NASDAQ:FTAI) shot up 8.3% during trading on Friday following insider buying activity. The company traded as high as $166.50 and last traded at $165.70. 569,525 shares changed hands during trading, a decline of 71% from the average session volume of 1,964,668 shares. The stock had previously closed at $153.00.

Specifically, COO David Moreno purchased 4,354 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The shares were purchased at an average price of $153.89 per share, with a total value of $670,037.06. Following the purchase, the chief operating officer directly owned 4,354 shares of the company’s stock, valued at approximately $670,037.06. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO David Moreno acquired 2,283 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was purchased at an average cost of $153.50 per share, with a total value of $350,440.50. Following the completion of the transaction, the chief operating officer owned 233,906 shares in the company, valued at $35,904,571. The trade was a 0.99% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Morgan Stanley boosted their price target on FTAI Aviation from $138.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. Jones Trading began coverage on FTAI Aviation in a research report on Friday, October 10th. They issued a “buy” rating and a $306.00 target price on the stock. JMP Securities increased their target price on FTAI Aviation from $180.00 to $205.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 6th. Barclays lifted their price target on shares of FTAI Aviation from $195.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. Finally, Royal Bank Of Canada increased their price objective on shares of FTAI Aviation from $185.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, FTAI Aviation presently has an average rating of “Moderate Buy” and a consensus target price of $201.11.

FTAI Aviation Trading Up 3.5%

The company has a 50-day moving average of $170.37 and a 200-day moving average of $140.72. The firm has a market capitalization of $16.24 billion, a price-to-earnings ratio of 36.14 and a beta of 1.67.

FTAI Aviation (NASDAQ:FTAI) last released its earnings results on Monday, October 27th. The financial services provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.09). The business had revenue of $667.06 million for the quarter, compared to the consensus estimate of $662.51 million. FTAI Aviation had a net margin of 20.82% and a return on equity of 370.51%. The firm’s revenue for the quarter was up 43.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.76 EPS. On average, research analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 19th. Investors of record on Monday, November 10th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, November 10th. FTAI Aviation’s dividend payout ratio is currently 31.96%.

Institutional Investors Weigh In On FTAI Aviation

Several institutional investors and hedge funds have recently bought and sold shares of the business. Rossby Financial LCC boosted its stake in FTAI Aviation by 13.6% in the third quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock valued at $94,000 after acquiring an additional 65 shares during the period. Assetmark Inc. lifted its holdings in shares of FTAI Aviation by 11.0% in the 3rd quarter. Assetmark Inc. now owns 708 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 70 shares during the last quarter. CWM LLC boosted its position in FTAI Aviation by 6.8% during the 3rd quarter. CWM LLC now owns 1,157 shares of the financial services provider’s stock valued at $193,000 after purchasing an additional 74 shares during the period. Brookstone Capital Management grew its stake in FTAI Aviation by 2.5% during the 3rd quarter. Brookstone Capital Management now owns 3,088 shares of the financial services provider’s stock worth $515,000 after buying an additional 75 shares during the last quarter. Finally, Foundations Investment Advisors LLC grew its stake in FTAI Aviation by 3.5% during the 3rd quarter. Foundations Investment Advisors LLC now owns 2,241 shares of the financial services provider’s stock worth $374,000 after buying an additional 76 shares during the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

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.