Loar Holdings Inc. (NYSE:LOAR) Receives $92.00 Average Target Price from Analysts

Shares of Loar Holdings Inc. (NYSE:LOAR) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $92.00.

LOAR has been the subject of a number of analyst reports. The Goldman Sachs Group reissued a “buy” rating and issued a $98.00 price objective on shares of Loar in a research report on Thursday, February 26th. Royal Bank Of Canada dropped their target price on shares of Loar from $92.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, February 18th. Zacks Research upgraded shares of Loar to a “hold” rating in a research note on Monday, March 9th. Citigroup lifted their price target on Loar from $81.00 to $83.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Finally, Wall Street Zen downgraded Loar from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th.

Insiders Place Their Bets

In other Loar news, Director Raja Bobbili bought 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were acquired at an average cost of $63.61 per share, with a total value of $3,180,500.00. Following the acquisition, the director owned 50,000 shares of the company’s stock, valued at $3,180,500. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul S. Levy purchased 75,000 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was acquired at an average price of $64.90 per share, for a total transaction of $4,867,500.00. Following the purchase, the director owned 8,087,580 shares in the company, valued at $524,883,942. This trade represents a 0.94% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have purchased 173,800 shares of company stock valued at $11,327,673. 22.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Loar

Several large investors have recently modified their holdings of LOAR. Rakuten Securities Inc. bought a new stake in shares of Loar during the 2nd quarter worth about $27,000. Fifth Third Bancorp bought a new position in Loar in the 4th quarter valued at about $28,000. PNC Financial Services Group Inc. raised its holdings in Loar by 390.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 348 shares of the company’s stock valued at $30,000 after acquiring an additional 277 shares during the period. Sunbelt Securities Inc. lifted its position in Loar by 238.3% during the fourth quarter. Sunbelt Securities Inc. now owns 592 shares of the company’s stock worth $40,000 after acquiring an additional 417 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Loar by 8,383.3% during the third quarter. Farther Finance Advisors LLC now owns 509 shares of the company’s stock worth $41,000 after acquiring an additional 503 shares during the last quarter.

Loar Trading Down 0.6%

NYSE LOAR opened at $58.87 on Tuesday. The company has a market cap of $5.51 billion, a PE ratio of 78.49 and a beta of 0.34. The company has a current ratio of 4.70, a quick ratio of 2.98 and a debt-to-equity ratio of 0.61. Loar has a 12 month low of $58.64 and a 12 month high of $99.67. The stock has a 50 day moving average of $68.19 and a 200-day moving average of $71.85.

Loar (NYSE:LOAR) last released its earnings results on Thursday, February 26th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.07. Loar had a net margin of 14.54% and a return on equity of 7.54%. The business had revenue of $131.75 million during the quarter, compared to analysts’ expectations of $128.00 million. During the same period last year, the business earned $0.11 earnings per share. The firm’s revenue was up 19.3% on a year-over-year basis. Loar has set its FY 2026 guidance at 0.760-0.800 EPS. On average, equities research analysts anticipate that Loar will post 0.28 EPS 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.