Loar (NYSE:LOAR) Trading Up 7.5% – Time to Buy?

Loar Holdings Inc. (NYSE:LOAR)’s stock price shot up 7.5% during trading on Thursday . The stock traded as high as $79.03 and last traded at $79.3420. 122,212 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 926,561 shares. The stock had previously closed at $73.80.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wall Street Zen downgraded Loar from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Citigroup reaffirmed a “buy” rating on shares of Loar in a research report on Thursday. Jefferies Financial Group set a $75.00 target price on Loar in a research note on Sunday, May 10th. Royal Bank Of Canada dropped their price target on shares of Loar from $90.00 to $80.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $98.00 price target on shares of Loar in a report on Thursday, February 26th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $83.00.

Loar Trading Up 4.4%

The stock has a market cap of $7.21 billion, a P/E ratio of 108.60 and a beta of 0.69. The firm’s 50 day simple moving average is $63.41 and its two-hundred day simple moving average is $65.81. The company has a quick ratio of 2.89, a current ratio of 4.56 and a debt-to-equity ratio of 0.80.

Loar (NYSE:LOAR) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.19. Loar had a net margin of 12.64% and a return on equity of 8.47%. The company had revenue of $156.09 million for the quarter, compared to the consensus estimate of $149.71 million. During the same period last year, the firm posted $0.16 EPS. The company’s revenue for the quarter 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, equities research analysts predict that Loar Holdings Inc. will post 1.16 earnings per share for the current fiscal year.

Insider Transactions at Loar

In other Loar news, Director Taiwo K. Danmola sold 35,000 shares of Loar stock in a transaction that occurred on 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 transaction, the director directly owned 54,286 shares in the company, valued at $3,289,188.74. The trade was a 39.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 20.10% of the stock is owned by corporate insiders.

Institutional Trading of Loar

Several hedge funds have recently made changes to their positions in the stock. Rakuten Securities Inc. acquired a new position in Loar during the 2nd quarter valued at approximately $27,000. Fifth Third Bancorp bought a new stake in Loar in the fourth quarter valued at $28,000. Sunbelt Securities Inc. lifted its stake in Loar by 238.3% in the fourth quarter. Sunbelt Securities Inc. now owns 592 shares of the company’s stock valued at $40,000 after buying an additional 417 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Loar by 122.4% during the third quarter. PNC Financial Services Group Inc. now owns 774 shares of the company’s stock valued at $62,000 after acquiring an additional 426 shares during the period. Finally, Danske Bank A S acquired a new position in shares of Loar during the fourth quarter valued at $62,000.

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.