Loar (NYSE:LOAR) Sets New 52-Week Low – Time to Sell?

Loar Holdings Inc. (NYSE:LOAR)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $57.30 and last traded at $57.44, with a volume of 460482 shares traded. The stock had previously closed at $59.51.

Analysts Set New Price Targets

A number of research analysts have recently commented on LOAR shares. The Goldman Sachs Group reaffirmed a “buy” rating and set a $98.00 price objective on shares of Loar in a research note on Thursday, February 26th. Royal Bank Of Canada dropped their price target 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Loar in a research note on Monday, December 29th. Citigroup lifted their price target on shares of Loar from $81.00 to $83.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, Zacks Research raised shares of Loar to a “hold” rating in a research note on Monday, March 9th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $92.00.

Loar Trading Down 4.8%

The company has a market capitalization of $5.31 billion, a PE ratio of 75.94 and a beta of 0.34. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.98 and a current ratio of 4.70. The business has a fifty day moving average price of $67.69 and a 200 day moving average price of $71.64.

Loar (NYSE:LOAR) last posted its earnings results on Thursday, February 26th. The company reported $0.26 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $131.75 million during the quarter, compared to the consensus estimate of $128.00 million. During the same quarter in the prior year, the company earned $0.11 EPS. The company’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. Analysts expect that Loar Holdings Inc. will post 0.28 EPS for the current fiscal year.

Insider Buying and Selling at Loar

In other Loar news, Director Paul S. Levy bought 75,000 shares of Loar stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average price of $64.90 per share, for a total transaction of $4,867,500.00. Following the acquisition, the director 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 acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Anthony Carpenito bought 4,750 shares of Loar stock in a transaction that occurred on Thursday, March 12th. The shares were acquired at an average price of $64.97 per share, for a total transaction of $308,607.50. Following the acquisition, the director directly owned 4,750 shares in the company, valued at approximately $308,607.50. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 173,800 shares of company stock valued at $11,327,673 in the last ninety days. Corporate insiders own 22.60% of the company’s stock.

Institutional Trading of Loar

Large investors have recently added to or reduced their stakes in the stock. Capital International Investors raised its position in Loar by 61.8% in the fourth quarter. Capital International Investors now owns 7,218,814 shares of the company’s stock valued at $490,879,000 after purchasing an additional 2,757,297 shares during the period. Wasatch Advisors LP grew its stake in shares of Loar by 17.3% in the fourth quarter. Wasatch Advisors LP now owns 3,064,965 shares of the company’s stock valued at $208,418,000 after buying an additional 452,646 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Loar by 39.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,533,540 shares of the company’s stock valued at $172,281,000 after buying an additional 711,182 shares in the last quarter. Bamco Inc. NY raised its holdings in shares of Loar by 17.2% during the 4th quarter. Bamco Inc. NY now owns 2,119,505 shares of the company’s stock valued at $144,126,000 after buying an additional 310,406 shares during the period. Finally, State Street Corp lifted its position in Loar by 18.1% during the 4th quarter. State Street Corp now owns 1,880,955 shares of the company’s stock worth $127,905,000 after acquiring an additional 288,095 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.