Loar (NYSE:LOAR) Director Taiwo Danmola Sells 35,000 Shares of Stock

Loar Holdings Inc. (NYSE:LOAR) Director Taiwo 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 completion of the transaction, the director owned 54,286 shares of the company’s stock, valued at $3,289,188.74. This trade represents a 39.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Loar Stock Performance

Shares of LOAR opened at $62.07 on Friday. Loar Holdings Inc. has a 12 month low of $53.15 and a 12 month high of $91.19. The firm has a fifty day simple moving average of $60.79 and a 200 day simple moving average of $66.31. The stock has a market capitalization of $5.81 billion, a price-to-earnings ratio of 87.42 and a beta of 0.55. 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 (NYSE:LOAR) last announced 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. Loar had a net margin of 12.64% and a return on equity of 8.47%. The business had revenue of $156.09 million during the quarter, compared to analysts’ expectations of $149.71 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The firm’s revenue was up 36.1% on a year-over-year basis. Loar has set its FY 2026 guidance at 1.260-1.300 EPS. Research analysts forecast that Loar Holdings Inc. will post 0.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on LOAR. Morgan Stanley set a $91.00 target price on shares of Loar in a report on Friday, May 8th. Wall Street Zen cut shares of Loar from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Weiss Ratings raised shares of Loar from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Citigroup dropped their price target on shares of Loar from $83.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Finally, Royal Bank Of Canada dropped their price target on shares of Loar from $90.00 to $80.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th. 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.com, Loar presently has an average rating of “Moderate Buy” and a consensus target price of $83.00.

Institutional Trading of Loar

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC bought a new position in shares of Loar in the first quarter valued at about $332,000. Janus Henderson Group PLC grew its stake in shares of Loar by 54.0% in the first quarter. Janus Henderson Group PLC now owns 411,900 shares of the company’s stock valued at $23,598,000 after acquiring an additional 144,375 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of Loar by 26.2% in the first quarter. California State Teachers Retirement System now owns 40,360 shares of the company’s stock valued at $2,312,000 after acquiring an additional 8,372 shares in the last quarter. Readystate Asset Management LP acquired a new stake in Loar during the first quarter worth about $1,432,000. Finally, Royal Bank of Canada grew its stake in Loar by 236.5% during the first quarter. Royal Bank of Canada now owns 163,154 shares of the company’s stock worth $9,348,000 after buying an additional 114,674 shares in 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.