Loar (NYSE:LOAR) Raised to “Hold” at Zacks Research

Loar (NYSE:LOAR) was upgraded by Zacks Research to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

LOAR has been the topic of several other reports. The Goldman Sachs Group restated a “buy” rating and set a $98.00 target price on shares of Loar in a research note on Thursday, February 26th. Wall Street Zen cut Loar from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Morgan Stanley dropped their price target on 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 cut their price objective on shares of Loar from $92.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, February 18th. Finally, Citigroup increased their price objective on shares of Loar from $81.00 to $83.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $92.00.

Loar Stock Performance

LOAR stock opened at $69.04 on Monday. Loar has a one year low of $62.10 and a one year high of $99.67. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 92.05 and a beta of 0.34. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.98 and a current ratio of 4.70. The firm has a 50-day simple moving average of $69.38 and a two-hundred day simple moving average of $72.37.

Loar (NYSE:LOAR) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. Loar had a net margin of 14.54% and a return on equity of 7.54%. The firm had revenue of $131.75 million for the quarter, compared to the consensus estimate of $128.00 million. During the same quarter in the previous year, the firm earned $0.11 EPS. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. Loar has set its FY 2026 guidance at 0.760-0.800 EPS. On average, equities analysts forecast that Loar will post 0.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Loar

A number of institutional investors and hedge funds have recently modified their holdings of LOAR. Capital International Investors increased its holdings in Loar by 61.8% in the 4th quarter. Capital International Investors now owns 7,218,814 shares of the company’s stock worth $490,879,000 after buying an additional 2,757,297 shares during the period. Wasatch Advisors LP boosted its holdings in shares of Loar by 17.3% in the 4th quarter. Wasatch Advisors LP now owns 3,064,965 shares of the company’s stock valued at $208,418,000 after acquiring an additional 452,646 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of Loar by 39.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,533,540 shares of the company’s stock worth $172,281,000 after acquiring an additional 711,182 shares during the period. Bamco Inc. NY increased its stake in shares of Loar by 17.2% in the fourth quarter. Bamco Inc. NY now owns 2,119,505 shares of the company’s stock worth $144,126,000 after acquiring an additional 310,406 shares during the period. Finally, State Street Corp raised its holdings in shares of Loar by 18.1% during the fourth quarter. State Street Corp now owns 1,880,955 shares of the company’s stock worth $127,905,000 after purchasing an additional 288,095 shares during the last quarter.

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.