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

Shares of Loar Holdings Inc. (NYSE:LOAR) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $84.40.

LOAR has been the topic of several analyst reports. Royal Bank Of Canada reduced their price objective on Loar from $90.00 to $80.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. Citigroup lifted their target price on Loar from $71.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Weiss Ratings raised Loar from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 10th. Morgan Stanley restated an “equal weight” rating and set a $82.00 price target (down from $91.00) on shares of Loar in a report on Wednesday. Finally, Zacks Research upgraded Loar from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th.

Loar Stock Performance

Loar stock opened at $69.66 on Monday. The company’s 50-day moving average price is $68.52 and its 200-day moving average price is $66.66. Loar has a twelve month low of $53.15 and a twelve month high of $83.43. 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 $6.52 billion, a PE ratio of 98.11 and a beta of 0.47.

Loar (NYSE:LOAR) last announced its earnings results 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. Loar had a net margin of 12.64% and a return on equity of 8.47%. The firm had revenue of $156.09 million for the quarter, compared to analysts’ expectations of $149.71 million. During the same period in the prior year, the company earned $0.16 EPS. The business’s revenue was up 36.1% compared to the same quarter last year. Loar has set its FY 2026 guidance at 1.260-1.300 EPS. On average, equities research analysts forecast that Loar will post 1.16 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Taiwo K. Danmola sold 35,000 shares of the stock in a transaction on 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 sale, the director owned 54,286 shares of the company’s stock, valued at approximately $3,289,188.74. This represents a 39.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 20.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Loar

Several institutional investors have recently made changes to their positions in the company. Capital International Investors boosted its stake in shares of Loar by 61.8% during the fourth 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 period. Wasatch Advisors LP increased its stake in Loar by 290.9% in the 2nd quarter. Wasatch Advisors LP now owns 2,624,649 shares of the company’s stock worth $226,166,000 after buying an additional 1,953,148 shares during the period. UBS Group AG increased its stake in Loar by 266.0% in the 4th 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. Bank of New York Mellon Corp lifted its holdings in Loar by 837.1% during the 1st quarter. Bank of New York Mellon Corp now owns 933,216 shares of the company’s stock valued at $53,464,000 after buying an additional 833,626 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Loar by 98.0% during the 2nd quarter. Alliancebernstein L.P. now owns 1,520,064 shares of the company’s stock valued at $130,984,000 after buying an additional 752,201 shares in the last quarter.

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.