Loar (NYSE:LOAR) Upgraded at Zacks Research

Zacks Research upgraded shares of Loar (NYSE:LOAR) to a hold rating in a research note released on Monday,Zacks.com reports.

LOAR has been the topic of a number of other research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Loar in a research note on Monday, December 29th. Morgan Stanley reduced their price objective on Loar from $100.00 to $97.00 and set an “overweight” rating for the company in a report on Thursday, November 13th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $98.00 target price on shares of Loar in a research report on Thursday, February 26th. Citigroup increased 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. Finally, Royal Bank Of Canada reduced their price target on Loar from $92.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $92.00.

Loar Trading Up 1.4%

Shares of Loar stock opened at $70.00 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.70 and a quick ratio of 2.98. The business has a fifty day simple moving average of $69.42 and a two-hundred day simple moving average of $72.35. Loar has a 1 year low of $62.10 and a 1 year high of $99.67. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 93.33 and a beta of 0.34.

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 firm had revenue of $131.75 million for the quarter, compared to the consensus estimate of $128.00 million. Loar had a net margin of 14.54% and a return on equity of 7.54%. The company’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 earnings per share. Loar has set its FY 2026 guidance at 0.760-0.800 EPS. Research analysts forecast that Loar will post 0.28 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Rakuten Securities Inc. acquired a new stake in shares of Loar in the second quarter valued at approximately $27,000. Fifth Third Bancorp acquired a new stake in Loar during the fourth quarter worth approximately $28,000. PNC Financial Services Group Inc. increased its stake in Loar by 390.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 348 shares of the company’s stock worth $30,000 after acquiring an additional 277 shares during the period. Sunbelt Securities Inc. raised its holdings in Loar by 238.3% in the 4th quarter. Sunbelt Securities Inc. now owns 592 shares of the company’s stock valued at $40,000 after acquiring an additional 417 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in 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 acquiring an additional 503 shares in the last quarter.

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.