Loar (NYSE:LOAR) Raised to Strong-Buy at Zacks Research

Loar (NYSE:LOAR) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other research analysts have also commented on the company. Morgan Stanley set a $91.00 price objective on Loar in a report on Friday, May 8th. Royal Bank Of Canada dropped their target price on Loar from $90.00 to $80.00 and set an “outperform” rating for the company in a report on Friday, May 8th. Weiss Ratings cut shares of Loar from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Citigroup raised their price target on shares of Loar from $71.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Finally, Jefferies Financial Group set a $75.00 price objective on shares of Loar in a report on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $86.20.

Loar Stock Down 7.2%

NYSE:LOAR opened at $72.17 on Tuesday. Loar has a twelve month low of $53.15 and a twelve month high of $83.43. The firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of 101.64 and a beta of 0.47. The company has a quick ratio of 2.89, a current ratio of 4.56 and a debt-to-equity ratio of 0.80. The stock’s 50 day moving average price is $66.65 and its two-hundred day moving average price is $66.56.

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

Insider Activity at Loar

In other news, Director Taiwo K. Danmola sold 35,000 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $60.59, for a total transaction of $2,120,650.00. Following the completion of the sale, the director directly owned 54,286 shares in the company, valued at $3,289,188.74. This represents a 39.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 20.10% of the company’s stock.

Institutional Trading of Loar

Institutional investors have recently bought and sold shares of the company. Rakuten Securities Inc. acquired a new stake in Loar in the second quarter valued at approximately $27,000. Fifth Third Bancorp acquired a new position in shares of Loar during the fourth quarter worth approximately $28,000. Sunbelt Securities Inc. raised its position in shares of Loar by 238.3% during the fourth quarter. Sunbelt Securities Inc. now owns 592 shares of the company’s stock worth $40,000 after purchasing an additional 417 shares during the period. Danske Bank A S bought a new position in shares of Loar in the 4th quarter worth $62,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Loar by 347.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 970 shares of the company’s stock worth $84,000 after purchasing an additional 753 shares in 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.