Analysts Set Loar Holdings Inc. (NYSE:LOAR) Target Price at $84.40

Loar Holdings Inc. (NYSE:LOAR) has been given an average rating of “Moderate Buy” by the six ratings firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $84.40.

LOAR has been the subject of a number of research analyst reports. Morgan Stanley reissued an “equal weight” rating and set a $82.00 target price (down from $91.00) on shares of Loar in a research report on Wednesday, July 15th. Weiss Ratings raised Loar from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 10th. Zacks Research raised Loar from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Royal Bank Of Canada cut their price objective on Loar from $90.00 to $80.00 and set an “outperform” rating for the company in a research report on Friday, May 8th. Finally, Jefferies Financial Group set a $75.00 target price on Loar in a research note on Sunday, May 10th.

Insider Buying and Selling

In other news, Director Taiwo K. Danmola sold 35,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $60.59, for a total transaction of $2,120,650.00. Following the completion of the transaction, the director directly owned 54,286 shares in the company, valued at $3,289,188.74. The trade was a 39.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Loar

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC acquired a new position in Loar during the 1st quarter valued at $332,000. Janus Henderson Group PLC grew its position in Loar by 54.0% in the 1st quarter. Janus Henderson Group PLC now owns 411,900 shares of the company’s stock worth $23,598,000 after purchasing an additional 144,375 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of Loar by 26.2% during the 1st quarter. California State Teachers Retirement System now owns 40,360 shares of the company’s stock worth $2,312,000 after purchasing an additional 8,372 shares during the period. Readystate Asset Management LP bought a new position in shares of Loar during the 1st quarter worth about $1,432,000. Finally, Royal Bank of Canada raised its position in shares of Loar by 236.5% during the first quarter. Royal Bank of Canada now owns 163,154 shares of the company’s stock valued at $9,348,000 after buying an additional 114,674 shares during the last quarter.

Loar Trading Up 0.0%

Shares of LOAR stock opened at $70.91 on Monday. Loar has a 12 month low of $53.15 and a 12 month high of $83.43. The company has a market cap of $6.64 billion, a PE ratio of 99.87 and a beta of 0.47. The company has a quick ratio of 2.89, a current ratio of 4.56 and a debt-to-equity ratio of 0.80. The business’s 50 day moving average is $69.49 and its two-hundred day moving average is $66.71.

Loar (NYSE:LOAR) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.19. Loar had a net margin of 12.64% and a return on equity of 8.47%. The business had revenue of $156.09 million during the quarter, compared to analysts’ expectations of $149.71 million. During the same period in the previous year, the company earned $0.16 earnings per share. Loar’s revenue for the quarter was up 36.1% on a year-over-year basis. Loar has set its FY 2026 guidance at 1.260-1.300 EPS. Equities analysts predict that Loar will post 1.16 EPS for the current 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.