Loar (NYSE:LOAR) Now Covered by Analysts at The Goldman Sachs Group

Equities research analysts at The Goldman Sachs Group started coverage on shares of Loar (NYSE:LOAR) in a research note issued to investors on Tuesday, Marketbeat.com reports. The brokerage set a “buy” rating and a $91.00 price target on the stock. The Goldman Sachs Group’s price objective points to a potential upside of 33.78% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Zacks Research upgraded Loar from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. Weiss Ratings restated a “hold (c)” rating on shares of Loar in a research note on Tuesday. Wall Street Zen upgraded Loar from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Finally, Morgan Stanley cut their price objective on Loar from $100.00 to $97.00 and set an “overweight” rating for the company in a report on Thursday, November 13th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $94.75.

Loar Stock Up 0.9%

NYSE:LOAR opened at $68.02 on Tuesday. The stock has a 50-day simple moving average of $76.19 and a 200 day simple moving average of $77.99. Loar has a 52-week low of $62.10 and a 52-week high of $99.67. The company has a market cap of $6.37 billion, a PE ratio of 103.07 and a beta of 0.19. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.81 and a current ratio of 5.92.

Loar (NYSE:LOAR) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.13. The company had revenue of $126.75 million during the quarter, compared to analysts’ expectations of $126.80 million. Loar had a net margin of 13.33% and a return on equity of 6.45%. The business’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period last year, the business earned $0.15 EPS. Loar has set its FY 2026 guidance at 0.980-1.03 EPS. FY 2025 guidance at 0.930-0.980 EPS. On average, sell-side analysts expect that Loar will post 0.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LOAR. Rakuten Securities Inc. acquired a new stake in Loar during the 2nd quarter valued at $27,000. PNC Financial Services Group Inc. raised its position in shares of Loar by 390.1% in the second quarter. PNC Financial Services Group Inc. now owns 348 shares of the company’s stock valued at $30,000 after purchasing an additional 277 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Loar by 8,383.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 509 shares of the company’s stock worth $41,000 after buying an additional 503 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Loar by 5,286.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 808 shares of the company’s stock worth $57,000 after buying an additional 793 shares during the period. Finally, KBC Group NV bought a new stake in shares of Loar during the 2nd quarter worth about $82,000.

About Loar

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.