Morgan Stanley Cuts Loar (NYSE:LOAR) Price Target to $97.00

Loar (NYSE:LOAR) had its target price trimmed by Morgan Stanley from $100.00 to $97.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

LOAR has been the subject of several other research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Loar in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Loar from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Finally, Zacks Research raised shares of Loar from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $96.00.

Loar Trading Down 2.5%

Loar stock opened at $66.77 on Thursday. The company has a quick ratio of 4.01, a current ratio of 5.92 and a debt-to-equity ratio of 0.24. Loar has a 12 month low of $62.10 and a 12 month high of $99.67. The company’s fifty day simple moving average is $78.25 and its 200-day simple moving average is $79.69. The stock has a market cap of $6.25 billion, a P/E ratio of 101.17 and a beta of 0.19.

Loar (NYSE:LOAR) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.13. Loar had a return on equity of 6.45% and a net margin of 13.33%.The firm had revenue of $126.75 million during the quarter, compared to analysts’ expectations of $126.80 million. During the same quarter last year, the firm earned $0.15 earnings per share. The business’s revenue for the quarter was up 22.5% on a year-over-year basis. Loar has set its FY 2026 guidance at 0.980-1.03 EPS. FY 2025 guidance at 0.930-0.980 EPS. As a group, sell-side analysts forecast that Loar will post 0.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Thrive Wealth Management LLC lifted its position in Loar by 0.3% during the 3rd quarter. Thrive Wealth Management LLC now owns 41,016 shares of the company’s stock worth $3,281,000 after acquiring an additional 133 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Loar by 1.4% in the third quarter. Arizona State Retirement System now owns 9,689 shares of the company’s stock worth $775,000 after purchasing an additional 134 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Loar by 0.3% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 40,436 shares of the company’s stock worth $2,857,000 after purchasing an additional 139 shares during the last quarter. Xponance Inc. boosted its stake in Loar by 2.7% during the 3rd quarter. Xponance Inc. now owns 5,749 shares of the company’s stock valued at $460,000 after purchasing an additional 150 shares during the period. Finally, Amalgamated Bank grew its holdings in Loar by 7.1% in the 3rd quarter. Amalgamated Bank now owns 3,059 shares of the company’s stock valued at $245,000 after buying an additional 204 shares during the last quarter.

About Loar

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.