Insider Buying: Loar (NYSE:LOAR) Insider Buys 3,400 Shares of Stock

Loar Holdings Inc. (NYSE:LOAR) insider Dirkson Charles purchased 3,400 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were bought at an average cost of $67.41 per share, for a total transaction of $229,194.00. Following the purchase, the insider owned 4,046,405 shares of the company’s stock, valued at $272,768,161.05. This trade represents a 0.08% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Loar Stock Down 9.9%

Shares of LOAR traded down $6.96 during trading on Thursday, reaching $63.03. The company’s stock had a trading volume of 1,895,241 shares, compared to its average volume of 1,242,492. The company has a market cap of $5.90 billion, a price-to-earnings ratio of 84.03 and a beta of 0.34. Loar Holdings Inc. has a twelve month low of $62.05 and a twelve month high of $99.67. The company has a fifty day moving average of $69.32 and a two-hundred day moving average of $72.29. The company has a quick ratio of 2.98, a current ratio of 4.70 and a debt-to-equity ratio of 0.61.

Loar (NYSE:LOAR) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.19 by $0.07. The company had revenue of $131.75 million for the quarter, compared to analyst estimates of $128.00 million. Loar had a net margin of 14.54% and a return on equity of 7.54%. Loar’s revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.11 earnings per share. Loar has set its FY 2026 guidance at 0.760-0.800 EPS. On average, sell-side analysts predict that Loar Holdings Inc. will post 0.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LOAR. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $98.00 price objective on shares of Loar in a research note on Thursday, February 26th. Wall Street Zen downgraded shares of Loar from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Royal Bank Of Canada dropped their target price on Loar from $92.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 18th. Zacks Research upgraded shares of Loar to a “hold” rating in a research note on Monday. Finally, Citigroup raised their target price on shares of Loar from $81.00 to $83.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $92.00.

Hedge Funds Weigh In On Loar

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rakuten Securities Inc. purchased a new position in shares of Loar during the second quarter valued at approximately $27,000. PNC Financial Services Group Inc. increased its holdings in Loar by 390.1% during the second 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 last quarter. Fifth Third Bancorp bought a new stake in shares of Loar in the 4th quarter worth approximately $28,000. Farther Finance Advisors LLC raised its stake in shares of Loar by 8,383.3% in the third 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 period. Finally, Sunbelt Securities Inc. lifted its holdings in Loar by 238.3% during the fourth quarter. Sunbelt Securities Inc. now owns 592 shares of the company’s stock valued at $40,000 after purchasing an additional 417 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.