Loar (NYSE:LOAR) Shares Down 7.3% – What’s Next?

Loar Holdings Inc. (NYSE:LOAR) shares dropped 7.3% during mid-day trading on Wednesday . The stock traded as low as $72.28 and last traded at $72.0850. 460,947 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 937,064 shares. The stock had previously closed at $77.80.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LOAR. Royal Bank Of Canada cut their price objective on shares of Loar from $90.00 to $80.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th. Weiss Ratings downgraded shares of Loar from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Citigroup increased their price target on shares of Loar from $71.00 to $87.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Morgan Stanley set a $91.00 price target on shares of Loar in a research report on Friday, May 8th. Finally, Jefferies Financial Group set a $75.00 price objective on shares of Loar in a report on Sunday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Loar has a consensus rating of “Buy” and an average target price of $86.20.

Loar Stock Performance

The business’s fifty day moving average price is $66.98 and its 200-day moving average price is $66.60. The stock has a market cap of $6.85 billion, a PE ratio of 103.09 and a beta of 0.47. 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 (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 net margin of 12.64% and a return on equity of 8.47%. The firm had revenue of $156.09 million during the quarter, compared to analysts’ expectations of $149.71 million. During the same period in the previous year, the company earned $0.16 earnings per share. The firm’s quarterly revenue was up 36.1% on a year-over-year basis. Loar has set its FY 2026 guidance at 1.260-1.300 EPS. As a group, equities research analysts forecast that Loar Holdings Inc. will post 1.16 EPS for the current fiscal year.

Insider Buying and Selling at Loar

In other news, Director Taiwo K. 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 transaction of $2,120,650.00. Following the transaction, the director directly owned 54,286 shares of the company’s stock, valued at $3,289,188.74. This represents a 39.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 20.10% of the stock is owned by insiders.

Institutional Trading of Loar

Hedge funds have recently bought and sold shares of the company. Rakuten Securities Inc. bought a new stake in shares of Loar during the 2nd quarter valued at about $27,000. Fifth Third Bancorp purchased a new position in shares of Loar in the fourth quarter worth approximately $28,000. Sunbelt Securities Inc. boosted its holdings in shares of Loar by 238.3% in the fourth quarter. Sunbelt Securities Inc. now owns 592 shares of the company’s stock worth $40,000 after buying an additional 417 shares during the last quarter. Danske Bank A S bought a new stake in Loar during the fourth quarter valued at approximately $62,000. Finally, State of Wyoming purchased a new stake in Loar during the first quarter valued at approximately $65,000.

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.