Loar (NYSE:LOAR – Get Free Report) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.
Several other research firms also recently weighed in on LOAR. Weiss Ratings upgraded shares of Loar from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 10th. Royal Bank Of Canada lowered their price objective on Loar from $90.00 to $80.00 and set an “outperform” rating on the stock in a report on Friday, May 8th. Citigroup boosted their price objective on Loar from $71.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Morgan Stanley reissued an “equal weight” rating and set a $82.00 target price (down from $91.00) on shares of Loar in a report on Wednesday, July 15th. Finally, Jefferies Financial Group set a $75.00 target price on Loar in a research report on Sunday, May 10th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Loar currently has an average rating of “Moderate Buy” and a consensus target price of $84.40.
Check Out Our Latest Report on Loar
Loar Price Performance
Loar (NYSE:LOAR – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.07. The company had revenue of $171.58 million during the quarter, compared to analysts’ expectations of $162.80 million. Loar had a net margin of 12.64% and a return on equity of 8.47%. The firm’s revenue for the quarter was up 39.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 earnings per share. Loar has set its FY 2026 guidance at 1.320-1.360 EPS. As a group, equities research analysts anticipate that Loar will post 1.16 earnings per share for the current fiscal year.
Insider Transactions at Loar
In other Loar news, Director Taiwo K. Danmola sold 35,000 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $60.59, for a total value of $2,120,650.00. Following the completion of the sale, the director owned 54,286 shares in the company, valued at approximately $3,289,188.74. This represents a 39.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 20.10% of the company’s stock.
Institutional Investors Weigh In On Loar
A number of large investors have recently made changes to their positions in LOAR. Capital International Investors lifted its position in Loar by 61.8% during the fourth 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 in the last quarter. Wasatch Advisors LP grew its holdings in Loar by 14.5% in the 1st quarter. Wasatch Advisors LP now owns 3,509,014 shares of the company’s stock valued at $201,031,000 after buying an additional 444,049 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in Loar by 39.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,533,540 shares of the company’s stock valued at $172,281,000 after buying an additional 711,182 shares in the last quarter. Bamco Inc. NY increased its stake in shares of Loar by 17.2% in the 4th 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 last quarter. Finally, State Street Corp increased its stake in shares of Loar by 18.1% in the 4th quarter. State Street Corp now owns 1,880,955 shares of the company’s stock worth $127,905,000 after acquiring 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.
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