Analysts Set Loar Holdings Inc. (NYSE:LOAR) Price Target at $83.00

Shares of Loar Holdings Inc. (NYSE:LOAR) have received an average recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $83.00.

Several brokerages have issued reports on LOAR. Royal Bank Of Canada cut their target price on Loar from $90.00 to $80.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. Zacks Research raised Loar to a “hold” rating in a research note on Monday, March 9th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $98.00 target price on shares of Loar in a research note on Thursday, February 26th. Weiss Ratings lowered Loar from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Finally, Morgan Stanley set a $91.00 target price on Loar in a research note on Friday, May 8th.

Loar Stock Down 2.0%

Shares of NYSE LOAR opened at $63.51 on Friday. Loar has a 12 month low of $53.15 and a 12 month high of $90.81. The company has a current ratio of 4.56, a quick ratio of 2.89 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of 89.44 and a beta of 0.69. The business has a 50-day moving average of $60.98 and a 200-day moving average of $65.61.

Loar (NYSE:LOAR) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.34 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $149.71 million. During the same quarter in the previous year, the firm earned $0.16 earnings per share. Loar’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. Sell-side analysts expect that Loar will post 1.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Dirkson R. Charles bought 36,434 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was acquired at an average price of $67.45 per share, with a total value of $2,457,473.30. Following the completion of the purchase, the insider directly owned 4,087,005 shares in the company, valued at $275,668,487.25. This represents a 0.90% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Raja Bobbili bought 50,000 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was purchased at an average cost of $63.61 per share, with a total value of $3,180,500.00. Following the purchase, the director owned 50,000 shares of the company’s stock, valued at $3,180,500. This represents a ? increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 173,800 shares of company stock valued at $11,327,673 over the last 90 days. Company insiders own 20.10% of the company’s stock.

Institutional Trading of Loar

Institutional investors have recently made changes to their positions in the stock. Capricorn Fund Managers Ltd purchased a new stake in shares of Loar during the fourth quarter valued at approximately $4,760,000. New York State Common Retirement Fund boosted its stake in shares of Loar by 69.1% during 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 purchasing an additional 73,189 shares during the period. UBS Group AG boosted its stake in shares of Loar by 266.0% during the fourth quarter. UBS Group AG now owns 1,276,780 shares of the company’s stock valued at $86,821,000 after purchasing an additional 927,908 shares during the period. TimesSquare Capital Management LLC boosted its stake in shares of Loar by 16.8% during the third quarter. TimesSquare Capital Management LLC now owns 907,093 shares of the company’s stock valued at $72,567,000 after purchasing an additional 130,364 shares during the period. Finally, Riverbridge Partners LLC purchased a new stake in shares of Loar during the fourth quarter valued at approximately $18,839,000.

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.