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

Loar Holdings Inc. (NYSE:LOAR) Director Taiwo Danmola sold 35,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $60.59, for a total value of $2,120,650.00. Following the completion of the sale, the director owned 54,286 shares of the company’s stock, valued at approximately $3,289,188.74. The trade was a 39.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Loar Stock Performance

Shares of NYSE LOAR traded down $0.48 during trading on Friday, hitting $62.07. The company had a trading volume of 463,216 shares, compared to its average volume of 980,882. Loar Holdings Inc. has a 12 month low of $53.15 and a 12 month high of $91.19. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.89 and a current ratio of 4.56. The firm has a market capitalization of $5.81 billion, a P/E ratio of 87.42 and a beta of 0.55. The stock has a 50 day simple moving average of $60.95 and a 200 day simple moving average of $66.34.

Loar (NYSE:LOAR) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.19. Loar had a return on equity of 8.47% and a net margin of 12.64%.The company had revenue of $156.09 million during the quarter, compared to the consensus estimate of $149.71 million. During the same period in the previous year, the company posted $0.16 EPS. 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. As a group, analysts anticipate that Loar Holdings Inc. will post 0.66 earnings per share for the current year.

Hedge Funds Weigh In On Loar

Several institutional investors have recently bought and sold shares of the business. Capital International Investors lifted its stake in shares of Loar by 909.3% in the 3rd quarter. Capital International Investors now owns 4,461,517 shares of the company’s stock valued at $356,921,000 after purchasing an additional 4,019,489 shares during the last quarter. Wasatch Advisors LP raised its holdings in shares of Loar by 290.9% in the second quarter. Wasatch Advisors LP now owns 2,624,649 shares of the company’s stock worth $226,166,000 after buying an additional 1,953,148 shares during the period. Bamco Inc. NY raised its holdings in shares of Loar by 165.2% in the third quarter. Bamco Inc. NY now owns 1,809,099 shares of the company’s stock worth $144,728,000 after buying an additional 1,127,033 shares during the period. UBS Group AG lifted its stake in shares of Loar by 266.0% during the 4th quarter. UBS Group AG now owns 1,276,780 shares of the company’s stock worth $86,821,000 after acquiring an additional 927,908 shares during the last quarter. Finally, Spyglass Capital Management LLC purchased a new position in Loar during the 3rd quarter valued at $67,926,000.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. The Goldman Sachs Group restated a “buy” rating and set a $98.00 price objective on shares of Loar in a research report on Thursday, February 26th. Morgan Stanley set a $91.00 price target on Loar in a research note on Friday, May 8th. Jefferies Financial Group set a $75.00 price target on Loar in a report on Sunday, May 10th. Royal Bank Of Canada lowered their price objective on Loar from $90.00 to $80.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th. Finally, Zacks Research raised Loar to a “hold” rating in a research note on Monday, March 9th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $83.00.

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.