Loar (NYSE:LOAR – Get Free Report) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday, Zacks reports.
Several other brokerages have also issued reports on LOAR. Citigroup increased their target price on shares of Loar from $71.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Jefferies Financial Group reaffirmed a “buy” rating and set a $88.00 price target on shares of Loar in a research note on Sunday, August 9th. Morgan Stanley reiterated an “equal weight” rating and issued a $82.00 price target (down from $91.00) on shares of Loar in a report on Wednesday, July 15th. Royal Bank Of Canada raised their price objective on Loar from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Finally, Weiss Ratings upgraded Loar from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $88.00.
View Our Latest Research Report on LOAR
Loar Stock Performance
Loar (NYSE:LOAR – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.07. The firm had revenue of $171.58 million during the quarter, compared to analysts’ expectations of $162.80 million. Loar had a net margin of 11.60% and a return on equity of 9.37%. The company’s revenue was up 39.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 EPS. Loar has set its FY 2026 guidance at 1.320-1.360 EPS. On average, equities research analysts predict that Loar will post 1.2 earnings per share for the current year.
Institutional Trading of Loar
Several institutional investors and hedge funds have recently modified their holdings of the stock. Rakuten Securities Inc. bought a new position in shares of Loar in the second quarter valued at approximately $27,000. Fifth Third Bancorp bought a new stake in Loar during the fourth quarter worth $28,000. Nykredit A S purchased a new stake in Loar in the 2nd quarter valued at $33,000. Sunbelt Securities Inc. lifted its stake in Loar by 238.3% during the 4th quarter. Sunbelt Securities Inc. now owns 592 shares of the company’s stock valued at $40,000 after acquiring an additional 417 shares in the last quarter. Finally, State of Wyoming bought a new position in Loar during the 1st quarter valued at $65,000.
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.
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