Loar Holdings Inc. (NYSE:LOAR) Given Average Rating of “Moderate Buy” by Analysts

Shares of Loar Holdings Inc. (NYSE:LOAR) have been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently 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 1 year price objective among brokers that have issued a report on the stock in the last year is $88.00.

A number of research analysts have recently commented on LOAR shares. Jefferies Financial Group reaffirmed a “buy” rating and set a $88.00 target price on shares of Loar in a research note on Sunday. Royal Bank Of Canada raised their price target on Loar from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Zacks Research cut Loar from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $82.00 price objective (down from $91.00) on shares of Loar in a research report on Wednesday, July 15th. Finally, Weiss Ratings upgraded Loar from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, July 10th.

Loar Price Performance

LOAR stock opened at $74.00 on Friday. The stock has a market cap of $6.93 billion, a PE ratio of 102.78 and a beta of 0.56. Loar has a 12 month low of $53.15 and a 12 month high of $83.43. The company has a 50-day moving average price of $72.11 and a 200 day moving average price of $66.62. The company has a current ratio of 4.91, a quick ratio of 3.24 and a debt-to-equity ratio of 0.79.

Loar (NYSE:LOAR) last posted its quarterly earnings data 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 net margin of 11.60% and a return on equity of 9.37%. The firm’s revenue for the quarter was up 39.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 EPS. Loar has set its FY 2026 guidance at 1.320-1.360 EPS. Equities research analysts anticipate that Loar will post 1.16 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Taiwo K. Danmola sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $60.59, for a total value of $2,120,650.00. Following the transaction, the director owned 54,286 shares of the company’s stock, valued at $3,289,188.74. This trade represents a 39.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 20.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Loar

Hedge funds have recently added to or reduced their stakes in the stock. Rakuten Securities Inc. bought a new position in Loar in the 2nd quarter worth about $27,000. Fifth Third Bancorp bought a new position in Loar in the fourth quarter worth approximately $28,000. Sunbelt Securities Inc. grew its stake in Loar by 238.3% in the fourth quarter. Sunbelt Securities Inc. now owns 592 shares of the company’s stock worth $40,000 after purchasing an additional 417 shares in the last quarter. Danske Bank A S purchased a new position in Loar during the 4th quarter worth $62,000. Finally, State of Wyoming purchased a new position in Loar during the 1st quarter worth $65,000.

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.