Loar (NYSE:LOAR) Sets New 52-Week Low – Here’s What Happened

Loar Holdings Inc. (NYSE:LOAR) shares hit a new 52-week low during trading on Friday . The company traded as low as $60.91 and last traded at $61.4150, with a volume of 122349 shares. The stock had previously closed at $63.28.

Analysts Set New Price Targets

Several analysts recently commented on the company. Citigroup raised their target price on Loar from $81.00 to $83.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Zacks Research raised Loar to a “hold” rating in a report on Monday, March 9th. Royal Bank Of Canada lowered their price objective on Loar from $92.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 18th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $98.00 price objective on shares of Loar in a research note on Thursday, February 26th. Finally, Wall Street Zen lowered shares of Loar from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. 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, the company has an average rating of “Moderate Buy” and an average price target of $92.00.

Loar Price Performance

The company has a current ratio of 4.70, a quick ratio of 2.98 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 79.11 and a beta of 0.34. The stock has a 50-day moving average price of $68.45 and a 200 day moving average price of $71.97.

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

Insiders Place Their Bets

In other Loar news, insider Dirkson R. Charles bought 36,434 shares of Loar stock in a transaction dated Thursday, March 12th. The stock was acquired at an average cost of $67.45 per share, with a total value of $2,457,473.30. Following the purchase, the insider directly owned 4,087,005 shares in the company, valued at $275,668,487.25. This represents a 0.90% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul S. Levy bought 75,000 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were acquired 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 in the company, valued at approximately $524,883,942. This represents a 0.94% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 173,800 shares of company stock valued at $11,327,673 over the last ninety days. 22.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Loar

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund lifted its stake in Loar by 69.1% in the 3rd quarter. New York State Common Retirement Fund now owns 179,046 shares of the company’s stock valued at $14,324,000 after buying an additional 73,189 shares in the last quarter. Federated Hermes Inc. boosted its holdings in Loar by 45.1% in the 2nd quarter. Federated Hermes Inc. now owns 1,649,069 shares of the company’s stock worth $142,100,000 after buying an additional 512,416 shares during the last quarter. Cerity Partners LLC purchased a new stake in Loar during the 2nd quarter worth approximately $20,884,000. TimesSquare Capital Management LLC raised its holdings in shares of Loar by 16.8% during the third quarter. TimesSquare Capital Management LLC now owns 907,093 shares of the company’s stock valued at $72,567,000 after acquiring an additional 130,364 shares during the last quarter. Finally, Voya Investment Management LLC raised its holdings in shares of Loar by 1,627.2% during the third quarter. Voya Investment Management LLC now owns 297,196 shares of the company’s stock valued at $23,776,000 after acquiring an additional 279,989 shares during 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.