Loar (NYSE:LOAR) Upgraded at Zacks Research

Zacks Research upgraded shares of Loar (NYSE:LOAR) from a hold rating to a strong-buy rating in a report issued on Thursday,Zacks.com reports.

Several other equities analysts have also recently weighed in on the stock. Wall Street Zen upgraded shares of Loar from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Loar in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $97.00.

Loar Trading Down 1.0%

Loar stock opened at $79.90 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 4.01 and a current ratio of 6.15. The firm has a market cap of $7.48 billion, a price-to-earnings ratio of 173.69 and a beta of 0.21. Loar has a 1 year low of $62.10 and a 1 year high of $99.67. The firm’s 50 day moving average price is $76.15 and its two-hundred day moving average price is $80.79.

Loar (NYSE:LOAR) last posted its quarterly earnings data on Wednesday, August 13th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. Loar had a net margin of 9.82% and a return on equity of 5.50%. The firm had revenue of $123.12 million for the quarter, compared to analysts’ expectations of $122.17 million. During the same period in the previous year, the company posted $0.13 EPS. The company’s quarterly revenue was up 26.8% compared to the same quarter last year. Loar has set its FY 2025 guidance at 0.830-0.88 EPS. On average, research analysts predict that Loar will post 0.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Loar

Institutional investors and hedge funds have recently modified their holdings of the stock. Rakuten Securities Inc. purchased a new position in shares of Loar during the 2nd quarter valued at $27,000. PNC Financial Services Group Inc. lifted its stake in shares of Loar by 390.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 348 shares of the company’s stock valued at $30,000 after purchasing an additional 277 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Loar by 204.9% in the 1st quarter. GAMMA Investing LLC now owns 372 shares of the company’s stock valued at $26,000 after purchasing an additional 250 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Loar by 8,383.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 509 shares of the company’s stock valued at $41,000 after purchasing an additional 503 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Loar by 5,286.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 808 shares of the company’s stock valued at $57,000 after purchasing an additional 793 shares during 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.