Loar (NYSE:LOAR) Trading Down 5.1% – Should You Sell?

Loar Holdings Inc. (NYSE:LOAR) was down 5.1% during trading on Tuesday . The company traded as low as $67.34 and last traded at $65.0860. Approximately 52,994 shares changed hands during trading, a decline of 95% from the average daily volume of 973,516 shares. The stock had previously closed at $68.57.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on LOAR shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Loar in a report on Friday, April 10th. Citigroup lowered their target price on shares of Loar from $83.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Royal Bank Of Canada lowered their target price on 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 report on Monday, March 9th. Finally, Wall Street Zen lowered shares of Loar from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $89.00.

Loar Trading Down 7.7%

The company has a 50 day moving average of $64.51 and a 200 day moving average of $69.37. The company has a current ratio of 4.70, a quick ratio of 2.98 and a debt-to-equity ratio of 0.61. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 84.62 and a beta of 0.89.

Loar (NYSE:LOAR) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.07. The firm had revenue of $131.75 million for the quarter, compared to analyst estimates of $128.00 million. Loar had a net margin of 14.54% and a return on equity of 7.54%. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 earnings per share. Loar has set its FY 2026 guidance at 0.760-0.800 EPS. As a group, research analysts anticipate that Loar Holdings Inc. will post 0.66 EPS for the current year.

Insiders Place Their Bets

In other Loar news, insider Dirkson R. Charles acquired 36,434 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was purchased at an average price of $67.45 per share, for a total transaction of $2,457,473.30. Following the transaction, the insider owned 4,087,005 shares in the company, valued at $275,668,487.25. This trade represents a 0.90% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anthony Carpenito bought 4,750 shares of the stock in a transaction dated Thursday, March 12th. The stock was acquired at an average price of $64.97 per share, with a total value of $308,607.50. Following the completion of the purchase, the director owned 4,750 shares of the company’s stock, valued at $308,607.50. This represents a ? increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have bought 173,800 shares of company stock worth $11,327,673. 22.60% of the stock is owned by company insiders.

Institutional Trading of Loar

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Capricorn Fund Managers Ltd acquired a new position in Loar in the fourth quarter valued at approximately $4,760,000. New York State Common Retirement Fund lifted its stake in Loar by 69.1% in the third quarter. New York State Common Retirement Fund now owns 179,046 shares of the company’s stock valued at $14,324,000 after buying an additional 73,189 shares during the period. JPMorgan Chase & Co. lifted its stake in Loar by 72.1% in the third quarter. JPMorgan Chase & Co. now owns 513,323 shares of the company’s stock valued at $41,066,000 after buying an additional 214,978 shares during the period. Riverbridge Partners LLC acquired a new stake in Loar in the fourth quarter worth $18,839,000. Finally, TimesSquare Capital Management LLC raised its holdings in Loar by 16.8% in the third quarter. TimesSquare Capital Management LLC now owns 907,093 shares of the company’s stock worth $72,567,000 after purchasing an additional 130,364 shares during the period.

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.