Loar (NYSE:LOAR) Insider Dirkson Charles Acquires 36,434 Shares

Loar Holdings Inc. (NYSE:LOAR) insider Dirkson Charles purchased 36,434 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was purchased at an average price of $67.45 per share, for a total transaction of $2,457,473.30. Following the purchase, the insider directly owned 4,087,005 shares of the company’s stock, valued at $275,668,487.25. This trade represents a 0.90% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Loar Stock Performance

LOAR stock traded up $1.63 on Friday, reaching $64.66. The company’s stock had a trading volume of 339,103 shares, compared to its average volume of 962,552. Loar Holdings Inc. has a 52 week low of $62.05 and a 52 week high of $99.67. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.70 and a quick ratio of 2.98. The company has a market capitalization of $6.05 billion, a P/E ratio of 86.23 and a beta of 0.34. The firm has a fifty day moving average of $69.32 and a two-hundred day moving average of $72.29.

Loar (NYSE:LOAR) last announced its earnings results on Thursday, February 26th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.07. The firm had revenue of $131.75 million during the quarter, compared to analyst estimates of $128.00 million. Loar had a net margin of 14.54% and a return on equity of 7.54%. Loar’s revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.11 EPS. Loar has set its FY 2026 guidance at 0.760-0.800 EPS. As a group, analysts predict that Loar Holdings Inc. will post 0.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Loar

Institutional investors have recently bought and sold shares of the business. Thrive Wealth Management LLC lifted its position in shares of Loar by 0.3% in the third quarter. Thrive Wealth Management LLC now owns 41,016 shares of the company’s stock worth $3,281,000 after purchasing an additional 133 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Loar by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 9,689 shares of the company’s stock valued at $775,000 after buying an additional 134 shares during the period. Xponance Inc. grew its holdings in shares of Loar by 2.7% during the 3rd quarter. Xponance Inc. now owns 5,749 shares of the company’s stock valued at $460,000 after acquiring an additional 150 shares in the last quarter. Amalgamated Bank raised its holdings in shares of Loar by 7.1% during the third quarter. Amalgamated Bank now owns 3,059 shares of the company’s stock worth $245,000 after acquiring an additional 204 shares in the last quarter. Finally, Captrust Financial Advisors boosted its position in Loar by 1.8% during the second quarter. Captrust Financial Advisors now owns 12,147 shares of the company’s stock valued at $1,047,000 after purchasing an additional 214 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have commented on LOAR shares. Zacks Research upgraded shares of Loar to a “hold” rating in a research report on Monday. Citigroup lifted their price target on shares of Loar from $81.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $98.00 target price on shares of Loar in a research report on Thursday, February 26th. Morgan Stanley decreased their price target on Loar from $100.00 to $97.00 and set an “overweight” rating for the company in a research report on Thursday, November 13th. Finally, Wall Street Zen downgraded Loar from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

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.