Loar (NYSE:LOAR) Stock Price Down 8.3% – What’s Next?

Loar Holdings Inc. (NYSE:LOAR)’s share price dropped 8.3% during trading on Thursday . The stock traded as low as $63.33 and last traded at $64.1840. Approximately 505,841 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 945,595 shares. The stock had previously closed at $69.99.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Loar in a report on Monday, December 29th. The Goldman Sachs Group reiterated a “buy” rating and issued a $98.00 price target on shares of Loar in a research report on Thursday, February 26th. Zacks Research raised shares of Loar to a “hold” rating in a research note on Monday. Wall Street Zen lowered Loar from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Morgan Stanley lowered their target price on Loar from $100.00 to $97.00 and set an “overweight” rating on the stock in a report on Thursday, November 13th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Loar presently has a consensus rating of “Moderate Buy” and an average price target of $92.00.

Loar Price Performance

The company has a market capitalization of $6.01 billion, a price-to-earnings ratio of 85.49 and a beta of 0.34. The company’s 50 day simple moving average is $69.42 and its 200-day simple moving average is $72.35. The company has a current ratio of 4.70, a quick ratio of 2.98 and a debt-to-equity ratio of 0.61.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LOAR. New York State Common Retirement Fund boosted its stake in shares of Loar by 69.1% in the third quarter. New York State Common Retirement Fund now owns 179,046 shares of the company’s stock valued at $14,324,000 after buying an additional 73,189 shares during the period. Federated Hermes Inc. lifted its stake in shares of Loar by 45.1% in the 2nd quarter. Federated Hermes Inc. now owns 1,649,069 shares of the company’s stock valued at $142,100,000 after acquiring an additional 512,416 shares during the last quarter. Cerity Partners LLC acquired a new stake in shares of Loar during the 2nd quarter valued at $20,884,000. Voya Investment Management LLC grew its position in Loar by 1,627.2% during the 3rd quarter. Voya Investment Management LLC now owns 297,196 shares of the company’s stock worth $23,776,000 after acquiring an additional 279,989 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in Loar by 67.6% in the 2nd quarter. Legal & General Group Plc now owns 46,125 shares of the company’s stock worth $3,975,000 after purchasing an additional 18,598 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.