Loar (NYSE:LOAR) Trading 7.5% Higher – What’s Next?

Loar Holdings Inc. (NYSE:LOAR) traded up 7.5% during trading on Thursday . The company traded as high as $79.03 and last traded at $79.3420. Approximately 122,212 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 926,561 shares. The stock had previously closed at $73.80.

Wall Street Analyst Weigh In

LOAR has been the subject of a number of research reports. Zacks Research raised shares of Loar to a “hold” rating in a report on Monday, March 9th. Royal Bank Of Canada lowered their price target on Loar from $90.00 to $80.00 and set an “outperform” rating on the stock in a report on Friday, May 8th. Jefferies Financial Group set a $75.00 price target on Loar in a research report on Sunday, May 10th. Citigroup upped their price objective on Loar from $71.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Wall Street Zen cut Loar from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.20.

Loar Stock Up 2.4%

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 has a market capitalization of $7.42 billion, a price-to-earnings ratio of 111.63 and a beta of 0.69. The firm’s 50 day simple moving average is $63.89 and its 200-day simple moving average is $65.97.

Loar (NYSE:LOAR) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.19. The company 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%. Loar’s quarterly revenue was up 36.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.16 EPS. Loar has set its FY 2026 guidance at 1.260-1.300 EPS. On average, sell-side analysts anticipate that Loar Holdings Inc. will post 1.16 EPS for the current fiscal year.

Insider Transactions at Loar

In related news, Director Taiwo K. Danmola sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were 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 trade represents a 39.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 20.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Loar

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its holdings in shares of Loar by 7.6% in the 1st quarter. Royal Bank of Canada now owns 15,310 shares of the company’s stock valued at $1,082,000 after buying an additional 1,081 shares during the period. Goldman Sachs Group Inc. grew its holdings in Loar by 10.1% during the first quarter. Goldman Sachs Group Inc. now owns 538,592 shares of the company’s stock worth $38,052,000 after acquiring an additional 49,629 shares during the period. Prudential Financial Inc. acquired a new position in Loar during the second quarter worth $245,000. Russell Investments Group Ltd. acquired a new position in Loar during the second quarter worth $945,000. Finally, WINTON GROUP Ltd purchased a new position in Loar in the second quarter worth $204,000.

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.