Loar Holdings Inc. (NYSE:LOAR) Receives $84.40 Consensus Target Price from Brokerages

Loar Holdings Inc. (NYSE:LOARGet Free Report) has received an average recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $84.40.

A number of research firms have commented on LOAR. Citigroup lifted their target price on Loar from $71.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Weiss Ratings raised Loar from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 10th. Jefferies Financial Group set a $75.00 price objective on Loar in a report on Sunday, May 10th. Zacks Research raised Loar from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Finally, Royal Bank Of Canada lowered their target price 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.

View Our Latest Analysis on LOAR

Insider Activity at Loar

In other Loar news, Director Taiwo K. Danmola sold 35,000 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $60.59, for a total transaction of $2,120,650.00. Following the completion of the transaction, the director owned 54,286 shares in the company, valued at $3,289,188.74. This trade represents a 39.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 20.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Loar

A number of hedge funds and other institutional investors have recently made changes to their positions in LOAR. Rakuten Securities Inc. bought a new stake in Loar during the second quarter valued at about $27,000. Fifth Third Bancorp purchased a new position in Loar in the fourth quarter worth $28,000. Sunbelt Securities Inc. increased its position in shares of Loar by 238.3% during the fourth quarter. Sunbelt Securities Inc. now owns 592 shares of the company’s stock worth $40,000 after purchasing an additional 417 shares in the last quarter. Danske Bank A S purchased a new stake in shares of Loar during the 4th quarter valued at $62,000. Finally, State of Wyoming acquired a new stake in shares of Loar in the 1st quarter worth $65,000.

Loar Stock Up 1.1%

Shares of NYSE LOAR opened at $70.91 on Monday. The business has a 50-day simple moving average of $69.49 and a two-hundred day simple moving average of $66.74. The company has a market cap of $6.64 billion, a P/E ratio of 99.87 and a beta of 0.47. Loar has a 52 week low of $53.15 and a 52 week high of $83.43. The company has a quick ratio of 2.89, a current ratio of 4.56 and a debt-to-equity ratio of 0.80.

Loar (NYSE:LOARGet Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.15 by $0.19. Loar had a net margin of 12.64% and a return on equity of 8.47%. The firm had revenue of $156.09 million for the quarter, compared to the consensus estimate of $149.71 million. During the same period last year, the firm posted $0.16 earnings per share. The business’s revenue was up 36.1% compared to the same quarter last year. Loar has set its FY 2026 guidance at 1.260-1.300 EPS. Research analysts anticipate that Loar will post 1.16 earnings per share for the current fiscal year.

About Loar

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for Loar (NYSE:LOAR)

Receive News & Ratings for Loar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Loar and related companies with MarketBeat.com's FREE daily email newsletter.