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

Shares of Loar Holdings Inc. (NYSE:LOAR) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $83.00.

Several brokerages recently issued reports on LOAR. Citigroup lowered 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. Zacks Research raised Loar to a “hold” rating in a research report on Monday, March 9th. Weiss Ratings lowered Loar from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. The Goldman Sachs Group reissued a “buy” rating and issued a $98.00 price objective on shares of Loar in a research report on Thursday, February 26th. Finally, Jefferies Financial Group set a $75.00 target price on Loar in a research report on Sunday, May 10th.

Insider Transactions at Loar

In other Loar news, Director Taiwo K. Danmola sold 35,000 shares of Loar stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $60.59, for a total transaction of $2,120,650.00. Following the completion of the transaction, the director owned 54,286 shares in the company, valued at approximately $3,289,188.74. The trade was a 39.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 20.10% of the company’s stock.

Hedge Funds Weigh In On Loar

A number of hedge funds and other institutional investors have recently modified their holdings of LOAR. Royal Bank of Canada boosted its stake in shares of Loar by 7.6% in the 1st quarter. Royal Bank of Canada now owns 15,310 shares of the company’s stock worth $1,082,000 after buying an additional 1,081 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Loar by 10.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 538,592 shares of the company’s stock worth $38,052,000 after purchasing an additional 49,629 shares during the period. Prudential Financial Inc. bought a new stake in shares of Loar in the 2nd quarter worth approximately $245,000. Russell Investments Group Ltd. bought a new stake in shares of Loar in the 2nd quarter worth approximately $945,000. Finally, WINTON GROUP Ltd bought a new stake in shares of Loar in the 2nd quarter worth approximately $204,000.

Loar Trading Up 3.0%

Shares of LOAR stock opened at $73.73 on Thursday. 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 has a fifty-two week low of $53.15 and a fifty-two week high of $88.75. The company has a market cap of $6.90 billion, a PE ratio of 103.85 and a beta of 0.69. The stock’s fifty day moving average price is $63.41 and its two-hundred day moving average price is $65.81.

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

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.