Loar (NYSE:LOAR) Trading Up 7.5% – What’s Next?

Loar Holdings Inc. (NYSE:LOAR)’s share price was up 7.5% during trading on Thursday . The company traded as high as $79.03 and last traded at $79.3420. Approximately 122,212 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 926,561 shares. The stock had previously closed at $73.80.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Weiss Ratings lowered shares of Loar from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. The Goldman Sachs Group restated a “buy” rating and issued a $98.00 target price on shares of Loar in a report on Thursday, February 26th. Morgan Stanley set a $91.00 price objective on Loar in a report on Friday, May 8th. Zacks Research raised shares of Loar to a “hold” rating in a research report on Monday, March 9th. Finally, Jefferies Financial Group set a $75.00 target price on Loar in a report on Sunday, May 10th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $83.00.

Loar Price Performance

The company’s fifty day moving average is $63.41 and its two-hundred day moving average is $65.81. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.89 and a current ratio of 4.56. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of 108.60 and a beta of 0.69.

Loar (NYSE:LOAR) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.15 by $0.19. The company had revenue of $156.09 million for the quarter, compared to analyst estimates of $149.71 million. Loar had a return on equity of 8.47% and a net margin of 12.64%.The firm’s revenue was up 36.1% compared to the same quarter last year. During the same period last year, the company posted $0.16 earnings per share. Loar has set its FY 2026 guidance at 1.260-1.300 EPS. Equities research analysts forecast that Loar Holdings Inc. will post 1.16 EPS for the current year.

Insider Activity at Loar

In related news, Director Taiwo K. Danmola sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $60.59, for a total transaction of $2,120,650.00. Following the transaction, the director directly owned 54,286 shares of the company’s stock, valued at approximately $3,289,188.74. The trade was a 39.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 20.10% of the company’s stock.

Institutional Trading of Loar

A number of hedge funds have recently made changes to their positions in LOAR. Capital International Investors boosted its stake in shares of Loar by 909.3% in the third quarter. Capital International Investors now owns 4,461,517 shares of the company’s stock valued at $356,921,000 after purchasing an additional 4,019,489 shares during the period. Wasatch Advisors LP lifted its holdings in Loar by 290.9% in the 2nd quarter. Wasatch Advisors LP now owns 2,624,649 shares of the company’s stock worth $226,166,000 after buying an additional 1,953,148 shares in the last quarter. Bamco Inc. NY lifted its holdings in Loar by 165.2% in the 3rd quarter. Bamco Inc. NY now owns 1,809,099 shares of the company’s stock worth $144,728,000 after buying an additional 1,127,033 shares in the last quarter. UBS Group AG boosted 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 purchased a new position in Loar in the 3rd quarter valued at about $67,926,000.

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.