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 six brokerages that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $83.00.

Several research firms have recently weighed in on LOAR. Weiss Ratings downgraded shares of Loar from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. Zacks Research upgraded Loar to a “hold” rating in a research report on Monday, March 9th. The Goldman Sachs Group reiterated a “buy” rating and issued a $98.00 price objective on shares of Loar in a report on Thursday, February 26th. Jefferies Financial Group set a $75.00 price objective on Loar in a report on Sunday, May 10th. Finally, Morgan Stanley set a $91.00 price objective on Loar in a report on Friday, May 8th.

Loar Stock Performance

LOAR opened at $64.75 on Friday. 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 company has a market cap of $6.06 billion, a price-to-earnings ratio of 91.20 and a beta of 0.55. Loar has a 52-week low of $53.15 and a 52-week high of $91.19. The firm’s fifty day simple moving average is $60.63 and its two-hundred day simple moving average is $65.88.

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

Insiders Place Their Bets

In other Loar news, Director Anthony Carpenito acquired 4,750 shares of the stock in a transaction on Thursday, March 12th. The shares were bought at an average cost of $64.97 per share, with a total value of $308,607.50. Following the transaction, the director owned 4,750 shares of the company’s stock, valued at approximately $308,607.50. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Paul S. Levy bought 75,000 shares of the stock in a transaction dated Friday, March 13th. The stock was purchased at an average cost of $64.90 per share, for a total transaction of $4,867,500.00. Following the acquisition, the director owned 8,087,580 shares of the company’s stock, valued at approximately $524,883,942. This represents a 0.94% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have bought 173,800 shares of company stock worth $11,327,673. 20.10% of the stock is currently owned by company insiders.

Institutional Trading of Loar

Several institutional investors and hedge funds have recently modified their holdings of the business. Capricorn Fund Managers Ltd purchased a new position in shares of Loar during the fourth quarter valued at approximately $4,760,000. New York State Common Retirement Fund lifted its position in Loar by 69.1% during the third quarter. New York State Common Retirement Fund now owns 179,046 shares of the company’s stock worth $14,324,000 after buying an additional 73,189 shares during the period. UBS Group AG lifted its position in 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 buying an additional 927,908 shares during the period. TimesSquare Capital Management LLC lifted its position in Loar by 16.8% during the third quarter. TimesSquare Capital Management LLC now owns 907,093 shares of the company’s stock worth $72,567,000 after buying an additional 130,364 shares during the period. Finally, Riverbridge Partners LLC purchased a new position in Loar during the fourth quarter worth about $18,839,000.

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.