Loar (NYSE:LOAR) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of Loar (NYSE:LOAR) from a hold rating to a strong-buy rating in a research report sent to investors on Thursday,Zacks reports.

A number of other research analysts also recently weighed in on LOAR. Citigroup raised their target price on shares of Loar from $71.00 to $87.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Royal Bank Of Canada boosted their price target on shares of Loar from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Weiss Ratings upgraded shares of Loar from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, July 10th. Morgan Stanley restated an “equal weight” rating and issued a $82.00 price objective (down from $91.00) on shares of Loar in a report on Wednesday, July 15th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $88.00 target price on shares of Loar in a research report on Sunday, August 9th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Loar has a consensus rating of “Moderate Buy” and an average target price of $88.00.

Loar Trading Down 2.8%

NYSE LOAR opened at $67.79 on Thursday. The stock has a market capitalization of $6.35 billion, a price-to-earnings ratio of 94.15 and a beta of 0.56. The stock’s 50 day moving average price is $73.14 and its two-hundred day moving average price is $67.28. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.24 and a current ratio of 4.91. Loar has a 52 week low of $53.15 and a 52 week high of $83.43.

Loar (NYSE:LOAR) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.38 earnings per share for the quarter, topping 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 company 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 EPS. The business’s quarterly 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, analysts anticipate that Loar will post 1.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Loar

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Capital International Investors raised its position in Loar by 61.8% during the fourth quarter. Capital International Investors now owns 7,218,814 shares of the company’s stock worth $490,879,000 after acquiring an additional 2,757,297 shares in the last quarter. Wellington Management Group LLP grew its position in shares of 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 acquiring an additional 514,061 shares during the period. Wasatch Advisors LP grew its position in shares of Loar by 14.5% in the 1st quarter. Wasatch Advisors LP now owns 3,509,014 shares of the company’s stock valued at $201,031,000 after acquiring an additional 444,049 shares during the period. California State Teachers Retirement System increased its stake in shares of Loar by 7,691.6% during the 2nd quarter. California State Teachers Retirement System now owns 3,144,677 shares of the company’s stock worth $253,492,000 after purchasing an additional 3,104,317 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its stake in shares of Loar by 39.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,533,540 shares of the company’s stock worth $172,281,000 after purchasing an additional 711,182 shares during the last quarter.

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.