Analysts Set Loar Holdings Inc. (NYSE:LOAR) Price Target at $89.00

Shares of Loar Holdings Inc. (NYSE:LOAR) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $83.00.

LOAR has been the subject of several recent analyst reports. Jefferies Financial Group set a $75.00 price objective on shares of Loar in a report on Sunday. Royal Bank Of Canada dropped their price objective on shares of Loar from $90.00 to $80.00 and set an “outperform” rating for the company in a report on Friday, May 8th. Wall Street Zen lowered shares of Loar from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $98.00 price objective on shares of Loar in a report on Thursday, February 26th. Finally, Weiss Ratings raised shares of Loar from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday.

Insider Activity at Loar

In related news, Director Anthony Carpenito purchased 4,750 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were acquired at an average cost of $64.97 per share, with a total value 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. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul S. Levy purchased 75,000 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were bought at an average cost of $64.90 per share, for a total transaction 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 ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 173,800 shares of company stock valued at $11,327,673 over the last three months. 20.10% of the stock is owned by company insiders.

Institutional Trading of Loar

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

Loar Stock Performance

NYSE LOAR opened at $60.97 on Wednesday. The firm has a market cap of $5.71 billion, a price-to-earnings ratio of 85.87 and a beta of 0.55. The company has a 50 day moving average of $62.52 and a 200-day moving average of $67.32. The company has a current ratio of 4.56, a quick ratio of 2.98 and a debt-to-equity ratio of 0.80. Loar has a 1-year low of $53.15 and a 1-year high of $99.17.

Loar (NYSE:LOAR) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.34 earnings per share 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 analyst estimates of $149.71 million. Loar had a net margin of 12.64% and a return on equity of 8.47%. The company’s revenue was up 36.1% on a year-over-year basis. During the same quarter last year, the business posted $0.16 earnings per share. Loar has set its FY 2026 guidance at 1.260-1.300 EPS. On average, equities analysts forecast that Loar will post 0.66 earnings per share for the current fiscal year.

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.