Loar (NYSE:LOAR) Sets New 1-Year Low – Here’s Why

Loar Holdings Inc. (NYSE:LOAR)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as $62.05 and last traded at $63.0260, with a volume of 1895241 shares trading hands. The stock had previously closed at $69.99.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LOAR. Citigroup upped their price objective on shares of Loar from $81.00 to $83.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Royal Bank Of Canada cut their target price on shares of Loar from $92.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, February 18th. The Goldman Sachs Group restated a “buy” rating and set a $98.00 price target on shares of Loar in a report on Thursday, February 26th. Zacks Research upgraded Loar to a “hold” rating in a research note on Monday. Finally, Wall Street Zen cut Loar from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Four investment 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 currently has a consensus rating of “Moderate Buy” and an average price target of $92.00.

Loar Price Performance

The firm has a market cap of $5.90 billion, a P/E ratio of 84.03 and a beta of 0.34. The stock’s 50-day moving average is $69.32 and its 200-day moving average is $72.29. The company has a quick ratio of 2.98, a current ratio of 4.70 and a debt-to-equity ratio of 0.61.

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

Insider Buying and Selling at Loar

In other news, insider Dirkson R. Charles bought 36,434 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were acquired at an average cost of $67.45 per share, with a total value of $2,457,473.30. Following the completion of the transaction, the insider directly owned 4,087,005 shares in the company, valued at $275,668,487.25. This represents a 0.90% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought a total of 44,000 shares of company stock valued at $2,967,831 in the last three months. 22.60% of the stock is currently owned by company insiders.

Institutional Trading of Loar

A number of hedge funds have recently modified their holdings of the company. New York State Common Retirement Fund increased its position in shares of Loar by 69.1% during the third quarter. New York State Common Retirement Fund now owns 179,046 shares of the company’s stock valued at $14,324,000 after purchasing an additional 73,189 shares during the period. Federated Hermes Inc. raised its stake in shares of Loar by 45.1% in the second quarter. Federated Hermes Inc. now owns 1,649,069 shares of the company’s stock valued at $142,100,000 after purchasing an additional 512,416 shares in the last quarter. Cerity Partners LLC bought a new position in Loar in the second quarter worth $20,884,000. Voya Investment Management LLC lifted its position in Loar by 1,627.2% in the third quarter. Voya Investment Management LLC now owns 297,196 shares of the company’s stock worth $23,776,000 after purchasing an additional 279,989 shares during the period. Finally, TimesSquare Capital Management LLC boosted its stake in Loar by 16.8% during the third quarter. TimesSquare Capital Management LLC now owns 907,093 shares of the company’s stock worth $72,567,000 after buying an additional 130,364 shares in 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.