Loar (NYSE:LOAR) Hits New 1-Year Low – Time to Sell?

Loar Holdings Inc. (NYSE:LOAR)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $60.91 and last traded at $61.4150, with a volume of 122349 shares changing hands. The stock had previously closed at $63.28.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LOAR. Zacks Research raised shares of Loar to a “hold” rating in a report on Monday, March 9th. Royal Bank Of Canada dropped their price objective on Loar from $92.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. Citigroup boosted their target price on Loar from $81.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Wall Street Zen cut Loar from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $98.00 price objective on shares of Loar in a report on Thursday, February 26th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Loar has an average rating of “Moderate Buy” and an average target price of $92.00.

Loar Trading Down 2.1%

The stock has a market capitalization of $5.80 billion, a P/E ratio of 82.11 and a beta of 0.34. The stock’s fifty day moving average price is $68.73 and its two-hundred day moving average price is $72.05. The company has a current ratio of 4.70, a quick ratio of 2.98 and a debt-to-equity ratio of 0.61.

Loar (NYSE:LOAR) last released its 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%. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.11 EPS. Loar has set its FY 2026 guidance at 0.760-0.800 EPS. Equities research analysts forecast that Loar Holdings Inc. will post 0.28 EPS for the current year.

Insider Buying and Selling

In related news, Director Anthony Carpenito acquired 4,750 shares of Loar stock in a transaction dated Thursday, March 12th. The shares were purchased at an average cost of $64.97 per share, with a total value of $308,607.50. Following the completion of the purchase, the director owned 4,750 shares of the company’s stock, valued at $308,607.50. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dirkson R. Charles acquired 36,434 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was bought at an average price of $67.45 per share, for a total transaction of $2,457,473.30. Following the acquisition, the insider owned 4,087,005 shares of the company’s stock, valued at approximately $275,668,487.25. This trade represents a 0.90% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 173,800 shares of company stock valued at $11,327,673 over the last three months. 22.60% of the stock is owned by corporate insiders.

Institutional Trading of Loar

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rakuten Securities Inc. bought a new position in shares of Loar in the second quarter worth approximately $27,000. PNC Financial Services Group Inc. raised its holdings in Loar by 390.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 348 shares of the company’s stock valued at $30,000 after buying an additional 277 shares during the last quarter. Fifth Third Bancorp purchased a new stake in Loar during the 4th quarter valued at $28,000. Farther Finance Advisors LLC grew its holdings in Loar by 8,383.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 509 shares of the company’s stock worth $41,000 after acquiring an additional 503 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its holdings in Loar by 238.3% in the 4th quarter. Sunbelt Securities Inc. now owns 592 shares of the company’s stock worth $40,000 after acquiring an additional 417 shares during the last quarter.

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.