Loar (NYSE:LOAR) Shares Up 4.3% – Here’s What Happened

Loar Holdings Inc. (NYSE:LOAR) traded up 4.3% on Wednesday . The company traded as high as $76.20 and last traded at $76.2810. Approximately 65,405 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 869,035 shares. The stock had previously closed at $73.11.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on LOAR shares. Royal Bank Of Canada lifted their price objective on Loar from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Zacks Research cut Loar from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Morgan Stanley restated an “equal weight” rating and issued a $82.00 price target (down from $91.00) on shares of Loar in a research report on Wednesday, July 15th. Weiss Ratings raised Loar from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, July 10th. Finally, Citigroup upped their price objective on shares of Loar from $71.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $88.00.

Loar Stock Performance

The company has a current ratio of 4.91, a quick ratio of 3.24 and a debt-to-equity ratio of 0.79. The company has a market cap of $6.99 billion, a P/E ratio of 103.59 and a beta of 0.56. The company has a 50 day moving average price of $73.55 and a 200-day moving average price of $66.98.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LOAR. Rakuten Securities Inc. acquired a new stake in Loar during the 2nd quarter worth approximately $27,000. Fifth Third Bancorp acquired a new position in Loar in the 4th quarter valued at approximately $28,000. Nykredit A S acquired a new position in Loar in the 2nd quarter valued at approximately $33,000. Sunbelt Securities Inc. raised its stake in shares of Loar by 238.3% during the fourth quarter. Sunbelt Securities Inc. now owns 592 shares of the company’s stock valued at $40,000 after acquiring an additional 417 shares during the last quarter. Finally, Danske Bank A S bought a new position in shares of Loar during the fourth quarter valued at $62,000.

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.