Loar Holdings Inc. (NYSE:LOAR) Receives Average Recommendation of “Moderate Buy” from Analysts

Loar Holdings Inc. (NYSE:LOAR) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $86.20.

LOAR has been the subject of several research analyst reports. Citigroup upped their price target on Loar from $71.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Zacks Research upgraded Loar to a “hold” rating in a research note on Monday, March 9th. Morgan Stanley set a $91.00 target price on shares of Loar in a research report on Friday, May 8th. Weiss Ratings cut Loar from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Finally, Royal Bank Of Canada lowered their target price on Loar from $90.00 to $80.00 and set an “outperform” rating for the company in a report on Friday, May 8th.

Insider Buying and Selling

In other news, Director Taiwo K. Danmola sold 35,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $60.59, for a total value of $2,120,650.00. Following the completion of the sale, the director owned 54,286 shares in the company, valued at $3,289,188.74. This represents a 39.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 20.10% of the stock is currently owned by insiders.

Institutional Trading of Loar

A number of hedge funds have recently made changes to their positions in LOAR. Xponance Inc. raised its stake in shares of Loar by 2.7% during the 3rd quarter. Xponance Inc. now owns 5,749 shares of the company’s stock worth $460,000 after purchasing an additional 150 shares in the last quarter. Captrust Financial Advisors grew its holdings in Loar by 1.8% in the 2nd quarter. Captrust Financial Advisors now owns 12,147 shares of the company’s stock valued at $1,047,000 after buying an additional 214 shares during the last quarter. Xponance LLC grew its stake in shares of Loar by 4.2% in the fourth quarter. Xponance LLC now owns 5,989 shares of the company’s stock worth $407,000 after acquiring an additional 240 shares during the last quarter. Federation des caisses Desjardins du Quebec increased its holdings in shares of Loar by 16.8% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,727 shares of the company’s stock worth $117,000 after purchasing an additional 248 shares during the period. Finally, Rakuten Securities Inc. acquired a new stake in shares of Loar during the 2nd quarter worth approximately $27,000.

Loar Stock Down 0.4%

LOAR stock opened at $80.29 on Thursday. The company has a market cap of $7.52 billion, a P/E ratio of 113.09 and a beta of 0.46. The company has a current ratio of 4.56, a quick ratio of 2.89 and a debt-to-equity ratio of 0.80. The company’s 50-day moving average price is $64.73 and its 200 day moving average price is $66.21. Loar has a 52 week low of $53.15 and a 52 week high of $83.43.

Loar (NYSE:LOAR) last posted its earnings results on Thursday, May 7th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.19. The firm had revenue of $156.09 million during the quarter, compared to the consensus estimate of $149.71 million. Loar had a net margin of 12.64% and a return on equity of 8.47%. The firm’s revenue for the quarter was up 36.1% on a year-over-year basis. During the same period last year, the firm posted $0.16 EPS. Loar has set its FY 2026 guidance at 1.260-1.300 EPS. On average, research analysts expect that Loar will post 1.16 earnings per share for the current fiscal year.

About Loar

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.