Loar Holdings Inc. (LOAR) – What Are Brokerages Saying About This Stock?

Loar Holdings Inc. (NYSE:LOAR) has been given an average rating of “Moderate Buy” by the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $86.00.

A number of equities research analysts have commented on the company. Royal Bank Of Canada upped their price target on Loar from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Weiss Ratings restated a “hold (c)” rating on shares of Loar in a report on Tuesday, October 6th. Morgan Stanley cut their price target on Loar from $82.00 to $72.00 and set an “equal weight” rating for the company in a research note on Friday, October 16th. Jefferies Financial Group restated a “buy” rating and set a $88.00 price target on shares of Loar in a report on Sunday, August 9th. Finally, Zacks Research lowered shares of Loar from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 9th.

Hedge Funds Weigh In On Loar

Several large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its position in shares of Loar by 837.1% during the 1st quarter. Bank of New York Mellon Corp now owns 933,216 shares of the company’s stock valued at $53,464,000 after buying an additional 833,626 shares in the last quarter. Wellington Management Group LLP raised its stake in Loar by 14.5% in the 2nd quarter. Wellington Management Group LLP now owns 4,063,339 shares of the company’s stock valued at $327,546,000 after purchasing an additional 514,061 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Loar by 54.0% in the 1st quarter. Janus Henderson Group PLC now owns 411,900 shares of the company’s stock valued at $23,598,000 after buying an additional 144,375 shares during the period. Royal Bank of Canada raised its stake in Loar by 236.5% in the first quarter. Royal Bank of Canada now owns 163,154 shares of the company’s stock valued at $9,348,000 after buying an additional 114,674 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Loar by 17.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 747,351 shares of the company’s stock valued at $42,806,000 after acquiring an additional 110,864 shares during the last quarter.

Loar Stock Performance

LOAR stock opened at $62.02 on Wednesday. The company has a current ratio of 4.91, a quick ratio of 3.24 and a debt-to-equity ratio of 0.79. The firm has a market cap of $5.81 billion, a PE ratio of 86.14 and a beta of 0.63. The business’s 50-day moving average price is $65.03 and its two-hundred day moving average price is $66.71. Loar has a 1-year low of $53.15 and a 1-year high of $82.49.

Loar (NYSE:LOAR) last released its earnings results on Thursday, August 6th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.07. Loar had a net margin of 11.60% and a return on equity of 9.37%. The business had revenue of $171.58 million during the quarter, compared to analysts’ expectations of $162.80 million. During the same period last year, the business earned $0.23 earnings per share. The firm’s revenue was up 39.4% on a year-over-year basis. Loar has set its FY 2026 guidance at 1.320-1.360 EPS. As a group, research analysts forecast that Loar will post 1.20 earnings per share for the current year.

Loar Company Profile

Loar Holdings Inc is an aerospace and defense company that designs, manufactures and sells highly engineered, mission-critical components and systems. Its products are used in commercial and military aircraft, business jets, general aviation, space vehicles and other defense applications.

The company’s product portfolio includes specialized components such as shock absorbers, vibration-control products, elastomeric components, seals, electronic systems and other aircraft and defense parts.