Analysts Set Loar Holdings Inc. (NYSE:LOAR) Price Target at $92.00

Shares of Loar Holdings Inc. (NYSE:LOAR) have been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $92.00.

A number of research firms have recently issued reports on LOAR. Zacks Research upgraded shares of Loar to a “hold” rating in a research report on Monday, March 9th. The Goldman Sachs Group reissued a “buy” rating and issued a $98.00 price target on shares of Loar in a research note on Thursday, February 26th. Citigroup increased their price target on Loar from $81.00 to $83.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Royal Bank Of Canada decreased their target price on Loar from $92.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, February 18th. Finally, Wall Street Zen lowered shares of Loar from a “buy” rating to a “hold” rating in a report on Saturday, February 28th.

Loar Price Performance

Shares of Loar stock opened at $63.40 on Tuesday. 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 twelve month low of $62.05 and a twelve month high of $99.67. The stock has a market capitalization of $5.94 billion, a P/E ratio of 84.53 and a beta of 0.34. The business’s fifty day moving average price is $68.73 and its 200 day moving average price is $72.05.

Loar (NYSE:LOAR) last announced its earnings results on Thursday, February 26th. The company reported $0.26 EPS for the quarter, beating 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 business had revenue of $131.75 million for the quarter, compared to the consensus estimate of $128.00 million. During the same period last year, the business posted $0.11 EPS. The company’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. As a group, research analysts anticipate that Loar will post 0.28 earnings per share for the current year.

Insider Activity at Loar

In related news, 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, with a total value of $2,457,473.30. Following the completion of 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. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anthony Carpenito acquired 4,750 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were purchased at an average price of $64.97 per share, with a total value of $308,607.50. Following the completion of the acquisition, the director owned 4,750 shares of the company’s stock, valued at $308,607.50. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have acquired 173,800 shares of company stock valued at $11,327,673. Insiders own 22.60% of the company’s stock.

Institutional Investors Weigh In On Loar

Several institutional investors have recently made changes to their positions in LOAR. Rakuten Securities Inc. bought a new position in Loar during the second quarter valued at approximately $27,000. Fifth Third Bancorp bought a new position in shares of Loar during the 4th quarter valued at $28,000. PNC Financial Services Group Inc. raised its holdings in shares of Loar by 390.1% during 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 in the last quarter. Sunbelt Securities Inc. lifted its stake in shares of 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 purchasing an additional 417 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in Loar by 8,383.3% during the third quarter. Farther Finance Advisors LLC now owns 509 shares of the company’s stock worth $41,000 after buying an additional 503 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.