Loar (NYSE:LOAR) Stock Rating Upgraded by Zacks Research

Loar (NYSE:LOAR) was upgraded by equities researchers at Zacks Research to a “hold” rating in a report issued on Monday,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. Citigroup boosted their target price on Loar from $81.00 to $83.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Morgan Stanley dropped their price target on Loar from $100.00 to $97.00 and set an “overweight” rating on the stock in a report on Thursday, November 13th. Wall Street Zen cut Loar from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Royal Bank Of Canada reduced their price objective on Loar from $92.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Loar in a research note on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Loar Stock Down 0.1%

LOAR opened at $69.04 on Monday. Loar has a fifty-two week low of $62.10 and a fifty-two week high of $99.67. The firm has a market capitalization of $6.46 billion, a P/E ratio of 92.05 and a beta of 0.34. The company’s 50-day moving average is $69.38 and its 200 day moving average is $72.37. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.70 and a quick ratio of 2.98.

Loar (NYSE:LOAR) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. Loar had a net margin of 14.54% and a return on equity of 7.54%. The business had revenue of $131.75 million during the quarter, compared to the consensus estimate of $128.00 million. During the same period in the prior year, the firm posted $0.11 EPS. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. Loar has set its FY 2026 guidance at 0.760-0.800 EPS. Research analysts expect that Loar will post 0.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Loar

Several institutional investors have recently bought and sold shares of LOAR. Sunbelt Securities Inc. grew its holdings in Loar by 238.3% during the fourth quarter. Sunbelt Securities Inc. now owns 592 shares of the company’s stock valued at $40,000 after purchasing an additional 417 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in shares of Loar by 39.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,533,540 shares of the company’s stock valued at $172,281,000 after buying an additional 711,182 shares during the period. Vident Advisory LLC purchased a new position in shares of Loar during the 4th quarter valued at $259,000. XTX Topco Ltd bought a new position in shares of Loar during the 4th quarter worth $4,391,000. Finally, Zimmer Partners LP grew its stake in shares of Loar by 111.5% during the 4th quarter. Zimmer Partners LP now owns 275,000 shares of the company’s stock worth $18,700,000 after acquiring an additional 145,000 shares during the period.

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.