Brokerages Set Loar Holdings Inc. (NYSE:LOAR) Price Target at $89.00

Shares of Loar Holdings Inc. (NYSE:LOAR) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $89.00.

Several research analysts recently commented on LOAR shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Loar in a research note on Friday, April 10th. Citigroup cut their price target on Loar from $83.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Zacks Research upgraded Loar to a “hold” rating in a research note on Monday, March 9th. Wall Street Zen cut Loar from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Royal Bank Of Canada cut their price target on Loar from $92.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 18th.

Insiders Place Their Bets

In other Loar news, Director Anthony Carpenito purchased 4,750 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were acquired at an average price of $64.97 per share, for a total transaction of $308,607.50. Following the completion of the purchase, the director owned 4,750 shares in the company, valued at $308,607.50. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Raja Bobbili purchased 50,000 shares of Loar stock in a transaction dated Thursday, March 12th. The shares were bought at an average cost of $63.61 per share, for a total transaction of $3,180,500.00. Following the transaction, the director directly owned 50,000 shares of the company’s stock, valued at approximately $3,180,500. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have acquired 173,800 shares of company stock worth $11,327,673. 22.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Loar

Several large investors have recently modified their holdings of LOAR. Capital International Investors lifted its position 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 worth $356,921,000 after purchasing an additional 4,019,489 shares during the last quarter. Wasatch Advisors LP lifted its position 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 worth $226,166,000 after purchasing an additional 1,953,148 shares during the last quarter. Bamco Inc. NY lifted its position 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 worth $144,728,000 after purchasing an additional 1,127,033 shares during the last quarter. UBS Group AG lifted its position 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 worth $86,821,000 after purchasing an additional 927,908 shares during the last quarter. Finally, Spyglass Capital Management LLC bought a new position in shares of Loar during the third quarter worth about $67,926,000.

Loar Stock Up 9.0%

Shares of Loar stock opened at $67.36 on Friday. The company has a fifty day moving average price of $64.45 and a 200 day moving average price of $69.59. The company has a current ratio of 4.70, a quick ratio of 2.98 and a debt-to-equity ratio of 0.61. Loar has a twelve month low of $54.58 and a twelve month high of $99.67. The stock has a market cap of $6.31 billion, a price-to-earnings ratio of 89.81 and a beta of 0.89.

Loar (NYSE:LOAR) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. The firm had revenue of $131.75 million during the quarter, compared to analysts’ expectations of $128.00 million. Loar had a net margin of 14.54% and a return on equity of 7.54%. The firm’s revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.11 EPS. Loar has set its FY 2026 guidance at 0.760-0.800 EPS. Equities research analysts forecast that Loar will post 0.28 earnings per share for the current fiscal year.

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.