Insider Buying: Loar (NYSE:LOAR) Director Purchases $4,867,500.00 in Stock

Loar Holdings Inc. (NYSE:LOAR) Director Paul Levy purchased 75,000 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average price of $64.90 per share, for a total transaction of $4,867,500.00. Following the transaction, the director directly owned 8,087,580 shares of the company’s stock, valued at $524,883,942. This trade represents a 0.94% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Loar Stock Down 3.9%

Shares of LOAR opened at $63.40 on Friday. Loar Holdings Inc. has a one year low of $62.05 and a one year high of $99.67. The company has a market cap of $5.94 billion, a P/E ratio of 84.53 and a beta of 0.34. 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 firm has a 50 day simple moving average of $68.73 and a two-hundred day simple moving average of $72.05.

Loar (NYSE:LOAR) last issued its earnings results on Thursday, February 26th. The company reported $0.26 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 firm had revenue of $131.75 million during the quarter, compared to the consensus estimate of $128.00 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. The business’s quarterly revenue was up 19.3% on a year-over-year basis. Loar has set its FY 2026 guidance at 0.760-0.800 EPS. Research analysts forecast that Loar Holdings Inc. will post 0.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Loar

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sunbelt Securities Inc. increased its position in Loar by 238.3% during 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 period. T. Rowe Price Investment Management Inc. raised its holdings in Loar by 39.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,533,540 shares of the company’s stock worth $172,281,000 after purchasing an additional 711,182 shares during the last quarter. Vident Advisory LLC acquired a new position in shares of Loar in the 4th quarter worth approximately $259,000. XTX Topco Ltd acquired a new position in shares of Loar in the 4th quarter worth approximately $4,391,000. Finally, Zimmer Partners LP boosted its stake in shares of Loar by 111.5% in the 4th quarter. Zimmer Partners LP now owns 275,000 shares of the company’s stock valued at $18,700,000 after purchasing an additional 145,000 shares during the last quarter.

Analysts Set New Price Targets

Several research firms have recently issued reports on LOAR. Wall Street Zen downgraded Loar from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Royal Bank Of Canada reduced their target price on shares of Loar from $92.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, February 18th. Weiss Ratings restated a “hold (c)” rating on shares of Loar in a research report on Monday, December 29th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $98.00 price target on shares of Loar in a research note on Thursday, February 26th. Finally, Citigroup lifted their price target on shares of Loar from $81.00 to $83.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Loar presently has an average rating of “Moderate Buy” and a consensus price target of $92.00.

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.