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

Loar Holdings Inc. (NYSE:LOAR) has received a consensus rating of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $89.00.

A number of equities analysts have issued reports on LOAR shares. The Goldman Sachs Group restated a “buy” rating and set a $98.00 target price on shares of Loar in a report on Thursday, February 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Loar in a research report on Monday, December 29th. Citigroup dropped their price target on Loar from $83.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Royal Bank Of Canada dropped their price target on Loar from $92.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 18th. Finally, Zacks Research raised Loar to a “hold” rating in a research report on Monday, March 9th.

Insiders Place Their Bets

In other Loar news, Director Anthony Carpenito purchased 4,750 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were bought at an average price of $64.97 per share, with a total value of $308,607.50. Following the completion of the transaction, the director directly owned 4,750 shares in the company, valued at $308,607.50. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dirkson R. Charles purchased 36,434 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were acquired at an average cost of $67.45 per share, for a total transaction of $2,457,473.30. Following the transaction, the insider owned 4,087,005 shares of the company’s stock, valued at $275,668,487.25. This trade represents a 0.90% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders purchased 173,800 shares of company stock worth $11,327,673. 22.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Loar

A number of hedge funds have recently modified their holdings of LOAR. Capital International Investors raised its position in shares of Loar by 909.3% during the third quarter. Capital International Investors now owns 4,461,517 shares of the company’s stock worth $356,921,000 after purchasing an additional 4,019,489 shares during the period. Wasatch Advisors LP raised its position in Loar by 290.9% in the 2nd quarter. Wasatch Advisors LP now owns 2,624,649 shares of the company’s stock valued at $226,166,000 after buying an additional 1,953,148 shares during the last quarter. Bamco Inc. NY raised its position in Loar by 165.2% in the 3rd quarter. Bamco Inc. NY now owns 1,809,099 shares of the company’s stock valued at $144,728,000 after buying an additional 1,127,033 shares during the last quarter. UBS Group AG raised its position in Loar by 266.0% in the 4th quarter. UBS Group AG now owns 1,276,780 shares of the company’s stock valued at $86,821,000 after buying an additional 927,908 shares during the last quarter. Finally, Spyglass Capital Management LLC acquired a new stake in Loar in the 3rd quarter valued at approximately $67,926,000.

Loar Price Performance

Shares of LOAR opened at $64.49 on Friday. The company has a current ratio of 4.70, a quick ratio of 2.98 and a debt-to-equity ratio of 0.61. Loar has a 1 year low of $54.58 and a 1 year high of $99.67. The stock has a market cap of $6.04 billion, a P/E ratio of 85.99 and a beta of 0.89. The stock’s 50-day moving average price is $64.53 and its two-hundred day moving average price is $70.03.

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

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.