Loar Holdings Inc. (NYSE:LOAR) Stock Has Average Target Price of $88.00

Loar Holdings Inc. (NYSE:LOAR) has received a consensus rating of “Moderate Buy” from the seven research firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $88.00.

LOAR has been the subject of a number of research analyst reports. Citigroup increased their price target on Loar from $71.00 to $87.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Royal Bank Of Canada boosted their price objective on Loar from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Morgan Stanley restated an “equal weight” rating and issued a $82.00 price objective (down from $91.00) on shares of Loar in a research note on Wednesday, July 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Loar in a research report on Tuesday. Finally, Zacks Research raised Loar from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd.

Loar Stock Up 0.8%

Loar stock opened at $62.09 on Friday. Loar has a fifty-two week low of $53.15 and a fifty-two week high of $83.43. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.24 and a current ratio of 4.91. The firm’s 50-day simple moving average is $68.47 and its 200 day simple moving average is $66.67. The stock has a market cap of $5.82 billion, a PE ratio of 86.24 and a beta of 0.64.

Loar (NYSE:LOAR) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.31 by $0.07. Loar had a net margin of 11.60% and a return on equity of 9.37%. The firm had revenue of $171.58 million during the quarter, compared to analyst estimates of $162.80 million. During the same quarter last year, the business posted $0.23 EPS. The company’s revenue for the quarter was up 39.4% on a year-over-year basis. Loar has set its FY 2026 guidance at 1.320-1.360 EPS. Research analysts predict that Loar will post 1.20 EPS for the current fiscal year.

Institutional Trading of Loar

A number of large investors have recently added to or reduced their stakes in LOAR. Nykredit A S bought a new stake in Loar in the second quarter worth about $33,000. Allworth Financial LP boosted its stake in Loar by 428.4% in the second quarter. Allworth Financial LP now owns 428 shares of the company’s stock valued at $35,000 after acquiring an additional 347 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Loar by 174.6% during the 1st quarter. Fifth Third Bancorp now owns 1,115 shares of the company’s stock valued at $64,000 after acquiring an additional 709 shares during the period. State of Wyoming bought a new position in shares of Loar during the 1st quarter valued at approximately $65,000. Finally, KBC Group NV increased its stake in shares of Loar by 52.8% during the 1st quarter. KBC Group NV now owns 1,447 shares of the company’s stock worth $83,000 after purchasing an additional 500 shares during the last quarter.

About Loar

Loar Holdings Inc is an aerospace and defense company that designs and manufactures highly engineered, mission-critical components and systems. Its products are used in commercial and military aircraft, business jets, general aviation platforms, and other specialized aerospace applications.

The company offers a diverse portfolio of niche products, including elastomeric components, shock absorbers, sensors, electrical and electronic components, cockpit controls, and other specialized hardware.