Loar (NYSE:LOAR) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Loar (NYSE:LOAR) from a buy rating to a hold rating in a research report report published on Saturday.

A number of other brokerages also recently commented on LOAR. Zacks Research raised shares of Loar from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. The Goldman Sachs Group began coverage on shares of Loar in a research note on Tuesday, November 25th. They issued a “buy” rating and a $91.00 price target on the stock. Morgan Stanley reduced their price objective on Loar from $100.00 to $97.00 and set an “overweight” rating for the company in a research report on Thursday, November 13th. Weiss Ratings restated a “hold (c)” rating on shares of Loar in a research note on Monday, December 29th. Finally, Citigroup initiated coverage on Loar in a research report on Thursday, December 11th. They issued a “buy” rating and a $83.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $90.75.

Loar Stock Up 0.2%

NYSE:LOAR opened at $70.40 on Friday. The business’s fifty day moving average price is $69.98 and its 200 day moving average price is $74.48. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 106.67 and a beta of 0.37. The company has a current ratio of 5.92, a quick ratio of 3.81 and a debt-to-equity ratio of 0.24. Loar has a 1-year low of $62.10 and a 1-year high of $99.67.

Loar (NYSE:LOAR) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.13. The firm had revenue of $126.75 million during the quarter, compared to analyst estimates of $126.80 million. Loar had a return on equity of 6.45% and a net margin of 13.33%.The business’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period last year, the company 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, sell-side analysts forecast that Loar will post 0.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Loar

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rakuten Securities Inc. acquired a new position in Loar during the second quarter valued at approximately $27,000. PNC Financial Services Group Inc. boosted its holdings in shares of Loar by 390.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 348 shares of the company’s stock worth $30,000 after buying an additional 277 shares during the period. Farther Finance Advisors LLC grew its stake in Loar by 8,383.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 509 shares of the company’s stock valued at $41,000 after buying an additional 503 shares during the last quarter. KBC Group NV bought a new position in Loar in the 2nd quarter worth $82,000. Finally, Tower Research Capital LLC TRC raised its holdings in Loar by 347.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 970 shares of the company’s stock worth $84,000 after acquiring an additional 753 shares during the period.

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.