Loar (NYSE:LOAR) Given New $83.00 Price Target at Citigroup

Loar (NYSE:LOAR) had its price target upped by Citigroup from $81.00 to $83.00 in a report published on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

LOAR has been the topic of several other reports. Morgan Stanley cut their target price on shares of Loar from $100.00 to $97.00 and set an “overweight” rating on the stock in a research note on Thursday, November 13th. Royal Bank Of Canada decreased their price target on shares of Loar from $92.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, February 18th. Wall Street Zen lowered Loar from a “buy” rating to a “hold” rating in a research report on Saturday. The Goldman Sachs Group reiterated a “buy” rating and issued a $98.00 price objective on shares of Loar in a research note on Thursday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Loar in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Loar presently has an average rating of “Buy” and a consensus target price of $92.00.

Loar Trading Up 2.2%

Shares of NYSE LOAR opened at $72.32 on Monday. The company has a current ratio of 5.92, a quick ratio of 3.81 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $6.77 billion, a PE ratio of 96.43 and a beta of 0.34. Loar has a twelve month low of $62.10 and a twelve month high of $99.67. The stock has a fifty day simple moving average of $69.13 and a 200-day simple moving average of $72.38.

Loar (NYSE:LOAR) last announced its 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 company had revenue of $131.75 million during the quarter, compared to analysts’ expectations of $128.00 million. Loar had a return on equity of 7.62% and a net margin of 14.54%.Loar’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period last year, the business posted $0.11 EPS. Loar has set its FY 2026 guidance at 0.760-0.800 EPS. On average, equities analysts forecast that Loar will post 0.28 earnings per share for the current year.

Institutional Investors Weigh In On Loar

Several institutional investors have recently modified their holdings of LOAR. Capital International Investors grew 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 lifted its holdings in shares of Loar by 290.9% during the second quarter. Wasatch Advisors LP now owns 2,624,649 shares of the company’s stock worth $226,166,000 after purchasing an additional 1,953,148 shares during the period. Marshall Wace LLP lifted its holdings in shares of Loar by 2,104.8% during the second quarter. Marshall Wace LLP now owns 1,386,318 shares of the company’s stock worth $119,459,000 after purchasing an additional 1,323,442 shares during the period. Bamco Inc. NY grew its position in Loar by 165.2% in the 3rd quarter. Bamco Inc. NY now owns 1,809,099 shares of the company’s stock valued at $144,728,000 after buying an additional 1,127,033 shares during the last quarter. Finally, UBS Group AG increased its stake in Loar by 266.0% in the 4th quarter. UBS Group AG now owns 1,276,780 shares of the company’s stock valued at $86,821,000 after buying an additional 927,908 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.