Loar (NYSE:LOAR) Upgraded to “Strong-Buy” at Zacks Research

Loar (NYSE:LOAR) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday, Zacks reports.

LOAR has been the topic of several other research reports. Morgan Stanley reiterated an “equal weight” rating and set a $82.00 price target (down from $91.00) on shares of Loar in a research report on Wednesday, July 15th. Citigroup upped their target price on Loar from $71.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Weiss Ratings raised Loar from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, July 10th. Royal Bank Of Canada raised their target price on Loar from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $88.00 price target on shares of Loar in a research note on Sunday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $88.00.

Loar Trading Down 2.8%

LOAR opened at $67.79 on Thursday. Loar has a twelve month low of $53.15 and a twelve month high of $83.43. The company has a 50-day simple moving average of $73.14 and a 200 day simple moving average of $67.28. The company has a quick ratio of 3.24, a current ratio of 4.91 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $6.35 billion, a price-to-earnings ratio of 94.15 and a beta of 0.56.

Loar (NYSE:LOAR) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.07. The firm had revenue of $171.58 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share. Loar has set its FY 2026 guidance at 1.320-1.360 EPS. Analysts predict that Loar will post 1.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Loar

Institutional investors have recently added to or reduced their stakes in the stock. Capital International Investors lifted its stake in Loar by 61.8% in the 4th quarter. Capital International Investors now owns 7,218,814 shares of the company’s stock valued at $490,879,000 after purchasing an additional 2,757,297 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Loar by 14.5% during the second quarter. Wellington Management Group LLP now owns 4,063,339 shares of the company’s stock worth $327,546,000 after buying an additional 514,061 shares during the last quarter. Wasatch Advisors LP increased its holdings in shares of Loar by 14.5% during the first quarter. Wasatch Advisors LP now owns 3,509,014 shares of the company’s stock worth $201,031,000 after buying an additional 444,049 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of Loar by 7,691.6% during the second quarter. California State Teachers Retirement System now owns 3,144,677 shares of the company’s stock worth $253,492,000 after buying an additional 3,104,317 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its holdings in shares of Loar by 39.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,533,540 shares of the company’s stock worth $172,281,000 after buying an additional 711,182 shares in 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.