Taiwo Danmola Sells 35,000 Shares of Loar (NYSE:LOAR) Stock

Loar Holdings Inc. (NYSE:LOAR) Director Taiwo Danmola sold 35,000 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $60.59, for a total transaction of $2,120,650.00. Following the sale, the director directly owned 54,286 shares of the company’s stock, valued at $3,289,188.74. This represents a 39.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Loar Trading Down 0.8%

LOAR stock traded down $0.48 during trading on Friday, hitting $62.07. The company had a trading volume of 463,216 shares, compared to its average volume of 980,882. Loar Holdings Inc. has a 52-week low of $53.15 and a 52-week high of $91.19. The company has a 50 day simple moving average of $60.95 and a 200-day simple moving average of $66.34. The firm has a market capitalization of $5.81 billion, a P/E ratio of 87.42 and a beta of 0.55. The company has a quick ratio of 2.89, a current ratio of 4.56 and a debt-to-equity ratio of 0.80.

Loar (NYSE:LOAR) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.19. The company had revenue of $156.09 million during the quarter, compared to analysts’ expectations of $149.71 million. Loar had a net margin of 12.64% and a return on equity of 8.47%. The firm’s quarterly revenue was up 36.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.16 EPS. Loar has set its FY 2026 guidance at 1.260-1.300 EPS. As a group, research analysts forecast that Loar Holdings Inc. will post 0.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Loar

Institutional investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System grew its stake in Loar by 1.4% in the third quarter. Arizona State Retirement System now owns 9,689 shares of the company’s stock valued at $775,000 after purchasing an additional 134 shares during the last quarter. Xponance Inc. boosted its holdings in shares of Loar by 2.7% in the 3rd quarter. Xponance Inc. now owns 5,749 shares of the company’s stock valued at $460,000 after buying an additional 150 shares in the last quarter. Amalgamated Bank grew its position in shares of Loar by 7.1% in the 3rd quarter. Amalgamated Bank now owns 3,059 shares of the company’s stock worth $245,000 after buying an additional 204 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of Loar by 1.8% during the 2nd quarter. Captrust Financial Advisors now owns 12,147 shares of the company’s stock worth $1,047,000 after acquiring an additional 214 shares in the last quarter. Finally, Xponance LLC raised its stake in shares of Loar by 4.2% during the 4th quarter. Xponance LLC now owns 5,989 shares of the company’s stock worth $407,000 after acquiring an additional 240 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on LOAR shares. The Goldman Sachs Group reissued a “buy” rating and issued a $98.00 price objective on shares of Loar in a research note on Thursday, February 26th. Zacks Research upgraded Loar to a “hold” rating in a report on Monday, March 9th. Morgan Stanley set a $91.00 price target on Loar in a research report on Friday, May 8th. Citigroup cut their price target on Loar from $83.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Finally, Royal Bank Of Canada decreased their price objective on Loar from $90.00 to $80.00 and set an “outperform” rating for the company in a report on Friday, May 8th. Four research 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 an average target price of $83.00.

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.