Loar Holdings Inc. (NYSE:LOAR) Receives Average Recommendation of "Moderate Buy" from Analysts

Loar Holdings Inc. (NYSE:LOAR - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $88.00.

A number of equities analysts have weighed in on LOAR shares. Citigroup boosted their target price on Loar from $71.00 to $87.00 and gave the stock a "buy" rating in a research report on Thursday, June 25th. Morgan Stanley reissued an "equal weight" rating and issued a $82.00 target price (down from $91.00) on shares of Loar in a report on Wednesday, July 15th. Zacks Research upgraded shares of Loar from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 3rd. Weiss Ratings upgraded Loar from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, July 10th. Finally, Royal Bank Of Canada increased their price target on Loar from $80.00 to $85.00 and gave the stock an "outperform" rating in a research note on Friday, August 7th.

Loar Stock Performance

LOAR stock opened at $67.79 on Tuesday. The stock has a market capitalization of $6.35 billion, a PE ratio of 94.15 and a beta of 0.56. Loar has a 12-month low of $53.15 and a 12-month high of $83.43. The company has a current ratio of 4.91, a quick ratio of 3.24 and a debt-to-equity ratio of 0.79. The stock's 50 day simple moving average is $72.91 and its 200 day simple moving average is $67.33.

Loar (NYSE:LOAR - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.07. The business had revenue of $171.58 million during the quarter, compared to analyst estimates of $162.80 million. Loar had a return on equity of 9.37% and a net margin of 11.60%.The company's quarterly revenue was up 39.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 EPS. Loar has set its FY 2026 guidance at 1.320-1.360 EPS. As a group, research analysts forecast that Loar will post 1.2 earnings per share for the current fiscal year.

Institutional Trading of Loar

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada boosted its holdings in shares of Loar by 7.6% during the 1st quarter. Royal Bank of Canada now owns 15,310 shares of the company's stock valued at $1,082,000 after purchasing an additional 1,081 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Loar by 10.1% in the first quarter. Goldman Sachs Group Inc. now owns 538,592 shares of the company's stock worth $38,052,000 after purchasing an additional 49,629 shares during the last quarter. Prudential Financial Inc. purchased a new stake in shares of Loar in the second quarter worth about $245,000. Russell Investments Group Ltd. purchased a new stake in shares of Loar in the second quarter worth about $945,000. Finally, WINTON GROUP Ltd bought a new position in Loar during the second quarter valued at approximately $204,000.

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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