Taiwo Danmola Sells 35,000 Shares of Loar (NYSE:LOAR) Stock

Loar Holdings Inc. (NYSE:LOAR) Director Taiwo Danmola sold 35,000 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $60.59, for a total value of $2,120,650.00. Following the completion of the transaction, the director owned 54,286 shares of the company’s stock, valued at $3,289,188.74. The trade was a 39.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Loar Trading Down 0.8%

NYSE:LOAR opened at $62.07 on Friday. The stock has a fifty day moving average price of $60.79 and a two-hundred day moving average price of $66.31. The stock has a market capitalization of $5.81 billion, a price-to-earnings ratio of 87.42 and a beta of 0.55. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.89 and a current ratio of 4.56. Loar Holdings Inc. has a 1 year low of $53.15 and a 1 year high of $91.19.

Loar (NYSE:LOAR) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.19. The firm had revenue of $156.09 million during the quarter, compared to analysts’ expectations of $149.71 million. Loar had a return on equity of 8.47% and a net margin of 12.64%.Loar’s revenue was up 36.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.16 earnings per share. Loar has set its FY 2026 guidance at 1.260-1.300 EPS. As a group, sell-side analysts anticipate that Loar Holdings Inc. will post 1.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LOAR has been the subject of several research analyst reports. The Goldman Sachs Group reiterated a “buy” rating and issued a $98.00 price objective on shares of Loar in a research report on Thursday, February 26th. Weiss Ratings upgraded Loar from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Jefferies Financial Group set a $75.00 price objective on Loar in a research report on Sunday, May 10th. Citigroup cut their price objective on Loar from $83.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Finally, Royal Bank Of Canada cut their price objective on Loar from $90.00 to $80.00 and set an “outperform” rating for the company in a research report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $83.00.

Institutional Trading of Loar

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LOAR. Capital International Investors increased its position in Loar by 909.3% during the 3rd quarter. Capital International Investors now owns 4,461,517 shares of the company’s stock worth $356,921,000 after purchasing an additional 4,019,489 shares in the last quarter. Wasatch Advisors LP increased its position in Loar by 290.9% during the 2nd quarter. Wasatch Advisors LP now owns 2,624,649 shares of the company’s stock worth $226,166,000 after purchasing an additional 1,953,148 shares in the last quarter. Bamco Inc. NY increased its position in Loar by 165.2% during the 3rd quarter. Bamco Inc. NY now owns 1,809,099 shares of the company’s stock worth $144,728,000 after purchasing an additional 1,127,033 shares in the last quarter. UBS Group AG increased its position in Loar by 266.0% during the 4th quarter. UBS Group AG now owns 1,276,780 shares of the company’s stock worth $86,821,000 after purchasing an additional 927,908 shares in the last quarter. Finally, Spyglass Capital Management LLC purchased a new stake in Loar during the 3rd quarter worth about $67,926,000.

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.