Loar (NYSE:LOAR) Coverage Initiated by Analysts at Citigroup

Citigroup began coverage on shares of Loar (NYSE:LOAR) in a report issued on Thursday morning, MarketBeat reports. The brokerage issued a buy rating and a $83.00 price objective on the stock.

Several other equities analysts have also weighed in on the stock. Wall Street Zen raised shares of Loar from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. Morgan Stanley cut their price target on shares of Loar from $100.00 to $97.00 and set an “overweight” rating for the company in a report on Thursday, November 13th. The Goldman Sachs Group began coverage on shares of Loar in a research report on Tuesday, November 25th. They issued a “buy” rating and a $91.00 target price on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Loar in a report on Monday. Finally, Zacks Research raised Loar from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $90.75.

Loar Trading Down 2.0%

Loar stock opened at $69.92 on Thursday. The firm’s 50 day moving average price is $73.52 and its 200-day moving average price is $76.51. The stock has a market cap of $6.55 billion, a P/E ratio of 105.93 and a beta of 0.35. Loar has a 1 year low of $62.10 and a 1 year high of $99.67. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.92 and a quick ratio of 3.81.

Loar (NYSE:LOAR) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.13. The company had revenue of $126.75 million during the quarter, compared to analyst estimates of $126.80 million. Loar had a net margin of 13.33% and a return on equity of 6.45%. Loar’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period last year, the firm posted $0.15 EPS. Loar has set its FY 2026 guidance at 0.980-1.03 EPS and its FY 2025 guidance at 0.930-0.980 EPS. On average, equities analysts predict that Loar will post 0.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Loar

Several institutional investors and hedge funds have recently bought and sold shares of the company. Capital International Investors increased its holdings in shares of Loar by 909.3% during the 3rd quarter. Capital International Investors now owns 4,461,517 shares of the company’s stock worth $356,921,000 after buying an additional 4,019,489 shares during the last quarter. Wasatch Advisors LP grew its position in Loar by 290.9% in the second quarter. Wasatch Advisors LP now owns 2,624,649 shares of the company’s stock worth $226,166,000 after acquiring an additional 1,953,148 shares during the period. Marshall Wace LLP increased its stake in Loar by 2,104.8% during the second quarter. Marshall Wace LLP now owns 1,386,318 shares of the company’s stock worth $119,459,000 after acquiring an additional 1,323,442 shares during the last quarter. Bamco Inc. NY raised its position in Loar by 165.2% in the third quarter. Bamco Inc. NY now owns 1,809,099 shares of the company’s stock valued at $144,728,000 after purchasing an additional 1,127,033 shares during the period. Finally, T. Rowe Price Investment Management Inc. lifted its stake in shares of Loar by 232.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,601,485 shares of the company’s stock valued at $113,145,000 after purchasing an additional 1,119,958 shares during the last quarter.

Loar Company Profile

Loar Holdings Inc, through its subsidiaries, designs, manufactures, and markets aerospace and defense components for aircraft, and aerospace and defense systems in the United States and internationally. It offers products in various categories, which include airframe components, structural components, avionics, composites, braking system components, de-ice and ice protection, electro-mechanical, engineered materials, flight controls, fluid and motion controls, environmental, metal forming, molded components, and restraints and safety devices.