FTAI Aviation (NASDAQ:FTAI) Share Price Breaks Above 50 Day Moving Average – Time to Sell?

FTAI Aviation Ltd. (NASDAQ:FTAI) shares passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $177.21 and traded as high as $180.87. FTAI Aviation shares last traded at $180.27, with a volume of 3,209,878 shares traded.

Analyst Ratings Changes

Several analysts recently issued reports on FTAI shares. Citizens Jmp started coverage on shares of FTAI Aviation in a research report on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 price target for the company. Deutsche Bank Aktiengesellschaft set a $290.00 price objective on shares of FTAI Aviation in a report on Friday, July 31st. BTIG Research dropped their price objective on shares of FTAI Aviation from $400.00 to $350.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Barclays reduced their price objective on shares of FTAI Aviation from $350.00 to $310.00 and set an “overweight” rating for the company in a report on Tuesday, September 15th. Finally, Morgan Stanley decreased their target price on shares of FTAI Aviation from $360.00 to $310.00 and set an “overweight” rating for the company in a research report on Friday, October 16th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $304.38.

FTAI Aviation Stock Up 11.0%

The company has a current ratio of 3.82, a quick ratio of 2.07 and a debt-to-equity ratio of 7.97. The firm has a market capitalization of $18.43 billion, a P/E ratio of 36.57, a P/E/G ratio of 0.92 and a beta of 1.55. The stock’s 50-day simple moving average is $177.21 and its 200-day simple moving average is $230.04.

FTAI Aviation (NASDAQ:FTAI) last posted its earnings results on Thursday, October 29th. The financial services provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.31 by $0.12. The firm had revenue of $977.66 million for the quarter. FTAI Aviation had a net margin of 15.46% and a return on equity of 132.04%. FTAI Aviation’s quarterly revenue was up 46.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.10 EPS. As a group, research analysts predict that FTAI Aviation Ltd. will post 5.37 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Tuesday, November 10th will be issued 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 is Tuesday, November 10th. FTAI Aviation’s dividend payout ratio (DPR) is 40.57%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FTAI. State Street Corp increased its position in shares of 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 purchasing an additional 75,452 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of FTAI Aviation by 8.2% in the 1st quarter. Bank of America Corp DE now owns 885,337 shares of the financial services provider’s stock worth $216,908,000 after buying an additional 67,097 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of FTAI Aviation by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 631,212 shares of the financial services provider’s stock worth $154,515,000 after buying an additional 15,291 shares during the last quarter. First Trust Advisors LP grew its position in FTAI Aviation by 5.0% during 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 buying an additional 18,399 shares during the period. Finally, Bank of New York Mellon Corp grew its position in 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 buying an additional 78,152 shares during the period. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Company Profile

FTAI Aviation owns and manages a portfolio of commercial jet engines and aircraft, which it leases to airlines and other aviation customers around the world. Its business focuses on mid-life equipment, providing customers with access to engines and aircraft without requiring them to own those assets outright.

The company also supports its leasing operations with maintenance, repair and overhaul services, as well as the sale and exchange of engine modules and parts. Its work is particularly focused on the CFM56 and V2500 engine families, which are widely used on commercial aircraft.

FTAI Aviation serves customers across the global aviation industry, including airlines, aircraft lessors and maintenance providers.