Citigroup Has Lowered Expectations for Loar (NYSE:LOAR) Stock Price

Loar (NYSE:LOAR) had its target price decreased by equities research analysts at Citigroup from $83.00 to $71.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price objective indicates a potential upside of 24.26% from the company’s previous close.

A number of other brokerages have also recently issued reports on LOAR. The Goldman Sachs Group reaffirmed a “buy” rating and set a $98.00 target price on shares of Loar in a research report on Thursday, February 26th. Royal Bank Of Canada dropped their price target on shares of Loar from $92.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 18th. Zacks Research raised shares of Loar to a “hold” rating in a report on Monday, March 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Loar in a report on Monday, December 29th. Finally, Wall Street Zen downgraded shares of Loar from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $89.00.

Loar Price Performance

NYSE LOAR opened at $57.14 on Thursday. Loar has a fifty-two week low of $54.58 and a fifty-two week high of $99.67. The stock’s 50-day moving average is $65.36 and its two-hundred day moving average is $70.65. The firm has a market cap of $5.35 billion, a P/E ratio of 76.19 and a beta of 0.89. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.70 and a quick ratio of 2.98.

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

Insiders Place Their Bets

In other Loar news, Director Raja Bobbili acquired 50,000 shares of Loar stock in a transaction dated Thursday, March 12th. The stock was bought at an average cost of $63.61 per share, with a total value of $3,180,500.00. Following the completion of the transaction, the director owned 50,000 shares of the company’s stock, valued at $3,180,500. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dirkson R. Charles acquired 36,434 shares of the stock in a transaction dated Thursday, March 12th. The stock was bought at an average price of $67.45 per share, for a total transaction of $2,457,473.30. Following the purchase, the insider owned 4,087,005 shares of the company’s stock, valued at $275,668,487.25. The trade was a 0.90% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders bought 173,800 shares of company stock worth $11,327,673. Corporate insiders own 22.60% of the company’s stock.

Institutional Trading of Loar

A number of hedge funds have recently bought and sold shares of the stock. Sunbelt Securities Inc. grew its position in Loar by 238.3% in the 4th quarter. Sunbelt Securities Inc. now owns 592 shares of the company’s stock worth $40,000 after purchasing an additional 417 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Loar by 39.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,533,540 shares of the company’s stock valued at $172,281,000 after buying an additional 711,182 shares during the last quarter. Vident Advisory LLC bought a new stake in shares of Loar in the fourth quarter valued at about $259,000. XTX Topco Ltd bought a new stake in shares of Loar in the fourth quarter valued at about $4,391,000. Finally, Zimmer Partners LP grew its position in Loar by 111.5% during the fourth quarter. Zimmer Partners LP now owns 275,000 shares of the company’s stock worth $18,700,000 after buying an additional 145,000 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.