Loar (NYSE:LOAR) Upgraded by Zacks Research to “Strong-Buy” Rating

Loar (NYSE:LOAR) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. Morgan Stanley set a $91.00 price target on shares of Loar in a research report on Friday, May 8th. Weiss Ratings cut shares of Loar from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Jefferies Financial Group set a $75.00 target price on shares of Loar in a research report on Sunday, May 10th. Citigroup raised their price target on shares of Loar from $71.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Finally, Royal Bank Of Canada lowered their price target on shares of Loar from $90.00 to $80.00 and set an “outperform” rating on the stock in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Loar currently has a consensus rating of “Buy” and a consensus price target of $86.20.

Loar Price Performance

Shares of NYSE LOAR opened at $72.17 on Tuesday. The firm’s 50-day moving average price is $66.65 and its 200-day moving average price is $66.56. The firm has a market capitalization of $6.76 billion, a P/E ratio of 101.64 and a beta of 0.47. The company has a current ratio of 4.56, a quick ratio of 2.89 and a debt-to-equity ratio of 0.80. Loar has a 1-year low of $53.15 and a 1-year high of $83.43.

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

Insider Activity

In related news, Director Taiwo K. Danmola sold 35,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $60.59, for a total transaction of $2,120,650.00. Following the sale, the director directly owned 54,286 shares in the company, valued at approximately $3,289,188.74. This represents a 39.20% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 20.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Loar

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rakuten Securities Inc. purchased a new position in shares of Loar in the second quarter valued at $27,000. Fifth Third Bancorp bought a new position in Loar in the 4th quarter worth about $28,000. Sunbelt Securities Inc. boosted its stake in Loar by 238.3% in the 4th quarter. Sunbelt Securities Inc. now owns 592 shares of the company’s stock worth $40,000 after purchasing an additional 417 shares during the period. Danske Bank A S purchased a new position in Loar during the 4th quarter valued at about $62,000. Finally, State of Wyoming purchased a new position in Loar during the 1st quarter valued at about $65,000.

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.