Loar (NYSE:LOAR) Trading 4.3% Higher – What’s Next?

Loar Holdings Inc. (NYSE:LOAR)’s share price shot up 4.3% on Wednesday . The stock traded as high as $76.20 and last traded at $76.2810. 65,405 shares were traded during trading, a decline of 92% from the average daily volume of 869,035 shares. The stock had previously closed at $73.11.

Analyst Ratings Changes

Several equities research analysts recently issued reports on LOAR shares. Citigroup raised their target price on shares of Loar from $71.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Jefferies Financial Group reiterated a “buy” rating and set a $88.00 target price on shares of Loar in a research note on Sunday, August 9th. Morgan Stanley reissued an “equal weight” rating and set a $82.00 target price (down from $91.00) on shares of Loar in a report on Wednesday, July 15th. Royal Bank Of Canada increased their price target on Loar from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Finally, Zacks Research cut shares of Loar from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Loar currently has an average rating of “Moderate Buy” and an average target price of $88.00.

Loar Stock Performance

The company’s fifty day simple moving average is $73.55 and its two-hundred day simple moving average is $66.98. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.24 and a current ratio of 4.91. The stock has a market capitalization of $6.99 billion, a P/E ratio of 103.59 and a beta of 0.56.

Loar (NYSE:LOAR) last announced its earnings results on Thursday, August 6th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.07. The company had revenue of $171.58 million for the quarter, compared to analyst estimates of $162.80 million. Loar had a return on equity of 9.37% and a net margin of 11.60%.The firm’s quarterly revenue was up 39.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 earnings per share. Loar has set its FY 2026 guidance at 1.320-1.360 EPS. As a group, equities analysts forecast that Loar Holdings Inc. will post 1.2 EPS for the current year.

Institutional Investors Weigh In On Loar

Hedge funds and other institutional investors have recently modified their holdings of the company. Rakuten Securities Inc. bought a new position in Loar during the second quarter worth about $27,000. Fifth Third Bancorp acquired a new stake in Loar in the 4th quarter worth about $28,000. Nykredit A S bought a new stake in Loar in the 2nd quarter valued at about $33,000. Sunbelt Securities Inc. boosted its holdings in Loar by 238.3% in the 4th quarter. Sunbelt Securities Inc. now owns 592 shares of the company’s stock valued at $40,000 after purchasing an additional 417 shares during the period. Finally, Danske Bank A S acquired a new position in shares of Loar during the 4th quarter worth approximately $62,000.

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.