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

Shares of Loar Holdings Inc. (NYSE:LOAR) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $83.00.

LOAR has been the topic of several research reports. Weiss Ratings lowered shares of Loar from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Zacks Research raised shares of Loar to a “hold” rating in a report on Monday, March 9th. Citigroup cut their price objective on shares of Loar from $83.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Wall Street Zen lowered shares of Loar from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $98.00 price objective on shares of Loar in a report on Thursday, February 26th.

Loar Stock Performance

Shares of LOAR stock opened at $64.77 on Friday. The firm has a market cap of $6.06 billion, a price-to-earnings ratio of 91.23 and a beta of 0.69. The company’s 50 day moving average is $60.90 and its 200 day moving average is $65.62. The company has a quick ratio of 2.89, a current ratio of 4.56 and a debt-to-equity ratio of 0.80. Loar has a 52-week low of $53.15 and a 52-week high of $91.19.

Loar (NYSE:LOAR) last issued its quarterly earnings data 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. The company had revenue of $156.09 million for the quarter, compared to analyst estimates of $149.71 million. Loar had a net margin of 12.64% and a return on equity of 8.47%. Loar’s revenue was up 36.1% compared to the same quarter last year. During the same period last year, the company posted $0.16 earnings per share. Loar has set its FY 2026 guidance at 1.260-1.300 EPS. On average, sell-side analysts anticipate that Loar will post 1.16 EPS for the current fiscal year.

Insider Activity at Loar

In other news, Director Anthony Carpenito bought 4,750 shares of the stock in a transaction on Thursday, March 12th. The stock was bought at an average cost of $64.97 per share, for a total transaction of $308,607.50. Following the completion of the purchase, the director directly owned 4,750 shares in the company, valued at approximately $308,607.50. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Taiwo K. Danmola sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $60.59, for a total transaction of $2,120,650.00. Following the completion of the sale, the director owned 54,286 shares of the company’s stock, valued at approximately $3,289,188.74. This trade represents a 39.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders bought a total of 173,800 shares of company stock valued at $11,327,673 over the last quarter. 20.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Loar

Several institutional investors have recently bought and sold shares of LOAR. Royal Bank of Canada boosted its stake in Loar by 7.6% in the first quarter. Royal Bank of Canada now owns 15,310 shares of the company’s stock valued at $1,082,000 after acquiring an additional 1,081 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Loar by 10.1% in the first quarter. Goldman Sachs Group Inc. now owns 538,592 shares of the company’s stock valued at $38,052,000 after acquiring an additional 49,629 shares in the last quarter. Prudential Financial Inc. acquired a new stake in Loar in the second quarter valued at approximately $245,000. Russell Investments Group Ltd. acquired a new stake in Loar in the second quarter valued at approximately $945,000. Finally, WINTON GROUP Ltd acquired a new stake in Loar in the second quarter valued at approximately $204,000.

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.