Loar (NYSE:LOAR) Reaches New 1-Year Low – Should You Sell?

Shares of Loar Holdings Inc. (NYSE:LOAR) reached a new 52-week low during trading on Thursday . The company traded as low as $57.30 and last traded at $57.44, with a volume of 460482 shares. The stock had previously closed at $59.51.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Citigroup upped their target price 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. Wall Street Zen cut Loar from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Loar in a research report on Monday, December 29th. The Goldman Sachs Group reissued a “buy” rating and issued a $98.00 price objective on shares of Loar in a research note on Thursday, February 26th. Finally, Royal Bank Of Canada dropped their target price on shares of Loar from $92.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $92.00.

Loar Trading Down 4.8%

The business has a 50 day moving average of $67.69 and a 200-day moving average of $71.64. The stock has a market cap of $5.31 billion, a PE ratio of 75.94 and a beta of 0.34. The company has a current ratio of 4.70, a quick ratio of 2.98 and a debt-to-equity ratio of 0.61.

Loar (NYSE:LOAR) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. Loar had a return on equity of 7.54% and a net margin of 14.54%.The company had revenue of $131.75 million during the quarter, compared to analysts’ expectations of $128.00 million. During the same period in the previous year, the firm posted $0.11 earnings per share. The business’s revenue for the quarter 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, analysts anticipate that Loar Holdings Inc. will post 0.28 EPS for the current year.

Insider Activity

In other news, Director Paul S. Levy purchased 75,000 shares of the stock in a transaction dated Friday, March 13th. The stock was acquired at an average cost of $64.90 per share, for a total transaction of $4,867,500.00. Following the completion of the acquisition, the director directly owned 8,087,580 shares in the company, valued at $524,883,942. This represents a 0.94% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dirkson R. Charles acquired 36,434 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was purchased at an average cost of $67.45 per share, with a total value of $2,457,473.30. Following the transaction, the insider owned 4,087,005 shares of the company’s stock, valued at approximately $275,668,487.25. The trade was a 0.90% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders bought 173,800 shares of company stock worth $11,327,673. Company insiders own 22.60% of the company’s stock.

Institutional Trading of Loar

Several hedge funds and other institutional investors have recently bought and sold shares of LOAR. Capital International Investors raised its holdings in Loar by 909.3% in the 3rd quarter. Capital International Investors now owns 4,461,517 shares of the company’s stock valued at $356,921,000 after acquiring an additional 4,019,489 shares during the last quarter. Wasatch Advisors LP boosted its holdings in shares of Loar by 290.9% during the second quarter. Wasatch Advisors LP now owns 2,624,649 shares of the company’s stock worth $226,166,000 after purchasing an additional 1,953,148 shares during the last quarter. Marshall Wace LLP grew its position in shares of Loar by 2,104.8% in the second quarter. Marshall Wace LLP now owns 1,386,318 shares of the company’s stock valued at $119,459,000 after purchasing an additional 1,323,442 shares during the period. Bamco Inc. NY increased its stake in Loar by 165.2% in the third quarter. Bamco Inc. NY now owns 1,809,099 shares of the company’s stock valued at $144,728,000 after purchasing an additional 1,127,033 shares during the last quarter. Finally, UBS Group AG increased its stake in Loar by 266.0% in the fourth quarter. UBS Group AG now owns 1,276,780 shares of the company’s stock valued at $86,821,000 after purchasing an additional 927,908 shares during 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.