Loar (NYSE:LOAR) Receives Hold (C-) Rating from Weiss Ratings

Key Points

• Loar's stock has been given a Hold (C-) rating by Weiss Ratings, while Wall Street Zen has upgraded it to a Buy rating.
• The company reported earnings of $0.23 per share, exceeding analysts' expectations, and has projected a full-year EPS guidance of 0.830-0.880.
• Loar has a market capitalization of $7.39 billion and its stock is currently trading at $78.95, reflecting a 2.6% increase on the day of the report.

Loar (NYSE:LOAR - Get Free Report)'s stock had its "hold (c-)" rating reiterated by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of Loar from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Loar currently has a consensus rating of "Moderate Buy" and an average target price of $97.00.

Loar Stock Up 2.6%

Shares of NYSE:LOAR opened at $78.95 on Wednesday. The stock has a market capitalization of $7.39 billion, a price-to-earnings ratio of 171.63 and a beta of 0.21. Loar has a 1-year low of $62.10 and a 1-year high of $99.67. The company's fifty day moving average is $74.89 and its two-hundred day moving average is $80.19. The company has a debt-to-equity ratio of 0.25, a quick ratio of 4.01 and a current ratio of 6.15.

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

Institutional Trading of Loar

Hedge funds have recently made changes to their positions in the stock. Rakuten Securities Inc. purchased a new stake in shares of Loar in the second quarter worth approximately $27,000. PNC Financial Services Group Inc. raised its position in Loar by 390.1% during the second quarter. PNC Financial Services Group Inc. now owns 348 shares of the company's stock valued at $30,000 after acquiring an additional 277 shares in the last quarter. GAMMA Investing LLC raised its position in Loar by 204.9% during the first quarter. GAMMA Investing LLC now owns 372 shares of the company's stock valued at $26,000 after acquiring an additional 250 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in Loar by 5,286.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 808 shares of the company's stock valued at $57,000 after acquiring an additional 793 shares in the last quarter. Finally, KBC Group NV bought a new position in Loar during the second quarter valued at approximately $82,000.

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.