Loar (NYSE:LOAR) Stock Price Down 5.1% – Here’s What Happened

Loar Holdings Inc. (NYSE:LOAR)’s stock price traded down 5.1% during mid-day trading on Tuesday . The stock traded as low as $67.34 and last traded at $65.0860. 52,994 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 973,516 shares. The stock had previously closed at $68.57.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LOAR. Royal Bank Of Canada cut their price objective on shares of Loar from $92.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, February 18th. Wall Street Zen downgraded shares of Loar from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Citigroup cut their price objective on shares of Loar from $83.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Zacks Research upgraded shares of Loar to a “hold” rating in a research report on Monday, March 9th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $98.00 price objective on shares of Loar in a research report on Thursday, February 26th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.00.

Loar Trading Down 4.0%

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 business’s 50-day moving average price is $64.36 and its two-hundred day moving average price is $69.19. The company has a market capitalization of $5.58 billion, a price-to-earnings ratio of 79.51 and a beta of 0.89.

Loar (NYSE:LOAR) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.07. Loar had a net margin of 14.54% and a return on equity of 7.54%. The company had revenue of $131.75 million during the quarter, compared to the consensus estimate of $128.00 million. During the same period in the previous year, the business earned $0.11 earnings per share. The firm’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 predict that Loar Holdings Inc. will post 0.66 earnings per share for the current year.

Insider Buying and Selling at Loar

In other news, Director Paul S. Levy acquired 75,000 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average cost of $64.90 per share, with a total value of $4,867,500.00. Following the completion of the purchase, the director directly owned 8,087,580 shares of the company’s stock, valued at $524,883,942. The trade was a 0.94% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Anthony Carpenito acquired 4,750 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average cost of $64.97 per share, for a total transaction of $308,607.50. Following the completion of the purchase, the director directly owned 4,750 shares of the company’s stock, valued at $308,607.50. The trade was a ? increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 173,800 shares of company stock valued at $11,327,673 in the last three months. Corporate insiders own 22.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Rakuten Securities Inc. bought a new position in Loar in the second quarter valued at approximately $27,000. Fifth Third Bancorp bought a new position in Loar in the fourth quarter valued at approximately $28,000. Sunbelt Securities Inc. increased its stake in Loar by 238.3% in the fourth quarter. Sunbelt Securities Inc. now owns 592 shares of the company’s stock valued at $40,000 after acquiring an additional 417 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Loar by 8,383.3% in the third quarter. Farther Finance Advisors LLC now owns 509 shares of the company’s stock valued at $41,000 after acquiring an additional 503 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Loar by 122.4% in the third quarter. PNC Financial Services Group Inc. now owns 774 shares of the company’s stock valued at $62,000 after acquiring an additional 426 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.