Loar Holdings Inc. (NYSE:LOAR) Receives Consensus Recommendation of "Buy" from Brokerages

Key Points

• Loar Holdings Inc. has received a consensus recommendation of "Buy" from five covering brokerages, with an average target price of $97.00 for shares.
• The company's latest earnings report showed an EPS of $0.23, surpassing expectations, and a year-over-year revenue increase of 26.8%.
• Institutional investors have significantly increased their stakes in Loar, with notable boosts including an 8,383.3% increase by Farther Finance Advisors LLC in the third quarter.

Shares of Loar Holdings Inc. (NYSE:LOAR - Get Free Report) have been given an average rating of "Buy" by the five ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $97.00.

Several analysts recently commented on LOAR shares. Wall Street Zen raised Loar from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Loar in a research note on Wednesday, October 8th. Finally, Zacks Research raised Loar from a "hold" rating to a "strong-buy" rating in a research note on Thursday.

Loar Stock Performance

LOAR opened at $79.90 on Friday. The stock has a market cap of $7.48 billion, a PE ratio of 173.69 and a beta of 0.21. The company has a current ratio of 6.15, a quick ratio of 4.01 and a debt-to-equity ratio of 0.25. Loar has a 1 year low of $62.10 and a 1 year high of $99.67. The stock's 50 day simple moving average is $76.15 and its 200-day simple moving average is $80.76.

Loar (NYSE:LOAR - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.04. The business had revenue of $123.12 million for the quarter, compared to analysts' expectations of $122.17 million. Loar had a return on equity of 5.50% and a net margin of 9.82%.Loar's quarterly revenue was up 26.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.13 earnings per share. Loar has set its FY 2025 guidance at 0.830-0.88 EPS. Sell-side analysts forecast that Loar will post 0.28 EPS for the current year.

Institutional Trading of Loar

Institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its stake in Loar by 8,383.3% in the third quarter. Farther Finance Advisors LLC now owns 509 shares of the company's stock worth $41,000 after purchasing an additional 503 shares in the last quarter. Argent Capital Management LLC acquired a new position in Loar in the third quarter worth $224,000. Voya Investment Management LLC boosted its stake 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 in the last quarter. Thrive Wealth Management LLC boosted its stake in Loar by 0.3% in the third quarter. Thrive Wealth Management LLC now owns 41,016 shares of the company's stock worth $3,281,000 after purchasing an additional 133 shares in the last quarter. Finally, Orion Porfolio Solutions LLC acquired a new position in Loar in the second quarter worth $232,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.