Loar (NYSE:LOAR) Downgraded to Hold Rating by Zacks Research

Zacks Research cut shares of Loar (NYSE:LOAR) from a strong-buy rating to a hold rating in a report released on Wednesday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on the stock. Jefferies Financial Group set a $75.00 target price on shares of Loar in a research note on Sunday, May 10th. Morgan Stanley reiterated an “equal weight” rating and issued a $82.00 target price (down from $91.00) on shares of Loar in a research report on Wednesday, July 15th. Royal Bank Of Canada decreased their price target on shares of Loar from $90.00 to $80.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. Citigroup boosted 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, Weiss Ratings raised shares of Loar from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, July 10th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $84.40.

Loar Stock Performance

NYSE LOAR opened at $73.24 on Wednesday. The company has a market cap of $6.86 billion, a PE ratio of 103.15 and a beta of 0.56. The stock’s 50 day simple moving average is $71.24 and its 200-day simple moving average is $66.65. Loar has a 1-year low of $53.15 and a 1-year high of $83.43. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.56 and a quick ratio of 2.89.

Loar (NYSE:LOAR) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.07. Loar had a return on equity of 8.47% and a net margin of 12.64%.The firm had revenue of $171.58 million for the quarter, compared to analyst estimates of $162.80 million. During the same period in the previous year, the company posted $0.23 earnings per share. The business’s 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, equities research analysts anticipate that Loar will post 1.16 EPS for the current fiscal year.

Insider Transactions at Loar

In other Loar news, Director Taiwo K. Danmola sold 35,000 shares of the firm’s stock in a transaction 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 sale, the director directly owned 54,286 shares of the company’s stock, valued at $3,289,188.74. This trade represents a 39.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 20.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Loar

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in Loar by 7.6% in the 1st quarter. Royal Bank of Canada now owns 15,310 shares of the company’s stock valued at $1,082,000 after purchasing an additional 1,081 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Loar by 10.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 538,592 shares of the company’s stock worth $38,052,000 after buying an additional 49,629 shares during the last quarter. Prudential Financial Inc. acquired a new stake in shares of Loar during the 2nd quarter worth approximately $245,000. Russell Investments Group Ltd. purchased a new stake in shares of Loar during the 2nd quarter valued at approximately $945,000. Finally, WINTON GROUP Ltd purchased a new stake in shares of Loar during the 2nd quarter valued at approximately $204,000.

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.