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

Shares of Loar Holdings Inc. (NYSE:LOAR) have received an average rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $88.00.

LOAR has been the topic of a number of recent analyst reports. Jefferies Financial Group reissued a “buy” rating and set a $88.00 price target on shares of Loar in a report on Sunday. Citigroup upped their price objective on Loar from $71.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Royal Bank Of Canada increased their target price on Loar from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Zacks Research downgraded Loar from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings raised Loar from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, July 10th.

Insiders Place Their Bets

In other news, Director Taiwo K. Danmola sold 35,000 shares of the firm’s stock in a transaction dated 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 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 SEC, which is available at the SEC website. Insiders own 20.10% of the company’s stock.

Institutional Trading of Loar

Several hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp purchased a new position in shares of Loar in the 2nd quarter worth approximately $57,024,000. NewEdge Advisors LLC purchased a new stake in Loar during the 1st quarter valued at $332,000. Janus Henderson Group PLC lifted its position in Loar by 54.0% in the first quarter. Janus Henderson Group PLC now owns 411,900 shares of the company’s stock worth $23,598,000 after buying an additional 144,375 shares during the last quarter. California State Teachers Retirement System lifted its position in Loar by 26.2% in the first quarter. California State Teachers Retirement System now owns 40,360 shares of the company’s stock worth $2,312,000 after buying an additional 8,372 shares during the last quarter. Finally, Readystate Asset Management LP bought a new stake in Loar in the first quarter worth $1,432,000.

Loar Price Performance

Shares of NYSE:LOAR opened at $74.00 on Friday. The company has a market capitalization of $6.93 billion, a P/E ratio of 102.78 and a beta of 0.56. Loar has a 1-year low of $53.15 and a 1-year high of $83.43. The firm’s 50 day simple moving average is $72.11 and its two-hundred day simple moving average is $66.62. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.91 and a quick ratio of 3.24.

Loar (NYSE:LOAR) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.07. Loar had a net margin of 11.60% and a return on equity of 9.37%. The firm had revenue of $171.58 million during the quarter, compared to analysts’ expectations of $162.80 million. During the same period in the prior year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 39.4% compared to the same quarter last year. Loar has set its FY 2026 guidance at 1.320-1.360 EPS. Research analysts expect that Loar will post 1.16 EPS 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.