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

Loar Holdings Inc. (NYSE:LOAR) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat reports. Two equities 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 objective among analysts that have issued a report on the stock in the last year is $83.00.

Several brokerages recently issued reports on LOAR. Wall Street Zen lowered shares of Loar from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings lowered shares of Loar from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. The Goldman Sachs Group reiterated a “buy” rating and issued a $98.00 target price on shares of Loar in a research report on Thursday, February 26th. Zacks Research upgraded shares of Loar to a “hold” rating in a research report on Monday, March 9th. Finally, Jefferies Financial Group set a $75.00 price target on shares of Loar in a research report on Sunday, May 10th.

Insider Transactions at Loar

In other Loar news, Director Taiwo K. Danmola sold 35,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the director directly 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 20.10% of the stock is currently owned by insiders.

Institutional Trading of Loar

Several institutional investors have recently added to or reduced their stakes in LOAR. Capital International Investors raised its stake in shares of Loar by 909.3% during the third quarter. Capital International Investors now owns 4,461,517 shares of the company’s stock valued at $356,921,000 after acquiring an additional 4,019,489 shares during the last quarter. Wasatch Advisors LP raised its stake in shares of Loar by 290.9% during the second quarter. Wasatch Advisors LP now owns 2,624,649 shares of the company’s stock valued at $226,166,000 after acquiring an additional 1,953,148 shares during the last quarter. Bamco Inc. NY raised its stake in shares of Loar by 165.2% during the third quarter. Bamco Inc. NY now owns 1,809,099 shares of the company’s stock valued at $144,728,000 after acquiring an additional 1,127,033 shares during the last quarter. UBS Group AG raised its stake in shares of Loar by 266.0% during the fourth quarter. UBS Group AG now owns 1,276,780 shares of the company’s stock valued at $86,821,000 after acquiring an additional 927,908 shares during the last quarter. Finally, Spyglass Capital Management LLC bought a new position in Loar in the third quarter worth about $67,926,000.

Loar Trading Up 3.0%

Loar stock opened at $73.73 on Thursday. The stock has a market cap of $6.90 billion, a P/E ratio of 103.85 and a beta of 0.69. Loar has a fifty-two week low of $53.15 and a fifty-two week high of $88.75. The firm’s fifty day moving average price is $63.41 and its 200-day moving average price is $65.81. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.89 and a current ratio of 4.56.

Loar (NYSE:LOAR) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.19. The firm had revenue of $156.09 million for 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 business’s quarterly revenue was up 36.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.16 earnings per share. Loar has set its FY 2026 guidance at 1.260-1.300 EPS. Equities research analysts forecast that Loar will post 1.16 earnings per share for the current fiscal year.

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.