Dirkson Charles Acquires 36,434 Shares of Loar (NYSE:LOAR) Stock

Loar Holdings Inc. (NYSE:LOAR) insider Dirkson Charles acquired 36,434 shares of Loar stock in a transaction dated Thursday, March 12th. The stock was purchased at an average price of $67.45 per share, with a total value of $2,457,473.30. Following the completion of the purchase, the insider directly owned 4,087,005 shares of the company’s stock, valued at $275,668,487.25. The trade was a 0.90% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Loar Stock Performance

Shares of LOAR traded down $6.96 during mid-day trading on Thursday, hitting $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 debt-to-equity ratio of 0.61, a quick ratio of 2.98 and a current ratio of 4.70. The firm has a market capitalization of $5.90 billion, a PE ratio of 84.03 and a beta of 0.34. The stock’s 50-day moving average is $69.32 and its two-hundred day moving average is $72.29. Loar Holdings Inc. has a one year low of $62.05 and a one year high of $99.67.

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

Institutional Investors Weigh In On Loar

Hedge funds have recently added to or reduced their stakes in the business. Rakuten Securities Inc. acquired a new stake in Loar in the second quarter valued at approximately $27,000. PNC Financial Services Group Inc. increased its position in Loar by 390.1% in 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 purchased a new stake in shares of Loar during the 4th quarter valued at approximately $28,000. Farther Finance Advisors LLC raised its stake in shares of Loar by 8,383.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 509 shares of the company’s stock valued at $41,000 after purchasing an additional 503 shares during the period. Finally, Sunbelt Securities Inc. lifted its holdings in shares of Loar by 238.3% in the fourth quarter. Sunbelt Securities Inc. now owns 592 shares of the company’s stock worth $40,000 after buying an additional 417 shares in the last quarter.

Wall Street Analysts Forecast Growth

LOAR has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Loar in a report on Monday, December 29th. Citigroup raised their price target on shares of Loar from $81.00 to $83.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Zacks Research raised Loar to a “hold” rating in a research report on Monday. Wall Street Zen cut shares of Loar from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Royal Bank Of Canada dropped their price target on Loar from $92.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 18th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

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.