Loar (NYSE:LOAR) Shares Cross Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Loar shares crossed above their 200-day moving average, reaching $69.32 before last trading at approximately $68.07 on volume of 2.3 million shares.
• Analyst sentiment remains moderately positive: four analysts rate the stock a Buy and three rate it a Hold, producing a consensus “Moderate Buy” rating and an $86 price target.
• Loar exceeded quarterly expectations, reporting $0.38 in EPS versus the $0.31 consensus and $171.58 million in revenue, up 39.4% year over year.

Loar Holdings Inc. (NYSE:LOAR - Get Free Report) crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $66.69 and traded as high as $69.32. Loar shares last traded at $68.0720, with a volume of 2,302,532 shares trading hands.

Analyst Ratings Changes

Several research firms recently issued reports on LOAR. Zacks Research cut shares of Loar from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 9th. Jefferies Financial Group restated a "buy" rating and issued a $88.00 target price on shares of Loar in a report on Sunday, August 9th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Loar in a research report on Tuesday, October 6th. Royal Bank Of Canada increased their price target on shares of Loar from $80.00 to $85.00 and gave the stock an "outperform" rating in a research note on Friday, August 7th. Finally, Morgan Stanley cut their price target on shares of Loar from $82.00 to $72.00 and set an "equal weight" rating on the stock in a research note on Friday, October 16th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $86.00.

Loar Stock Performance

The stock has a 50-day simple moving average of $64.89 and a 200-day simple moving average of $66.69. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.91 and a quick ratio of 3.24. The stock has a market cap of $6.38 billion, a PE ratio of 94.54 and a beta of 0.64.

Loar (NYSE:LOAR - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.31 by $0.07. Loar had a return on equity of 9.37% and a net margin of 11.60%. The company had revenue of $171.58 million during the quarter, compared to analyst estimates of $162.80 million. During the same period in the prior year, the firm posted $0.23 earnings per share. The firm's revenue was up 39.4% on a year-over-year basis. Loar has set its FY 2026 guidance at 1.320-1.360 EPS. Equities analysts predict that Loar Holdings Inc. will post 1.20 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of LOAR. Squarepoint Ops LLC purchased a new position in Loar in the second quarter valued at about $5,929,000. WINTON GROUP Ltd acquired a new position in shares of Loar during the second quarter worth about $1,499,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Loar in the second quarter worth about $1,012,000. Spyglass Capital Management LLC boosted its position in shares of Loar by 4.7% in the second quarter. Spyglass Capital Management LLC now owns 611,657 shares of the company's stock worth $49,306,000 after buying an additional 27,524 shares during the period. Finally, Odyssean LLC boosted its position in shares of Loar by 111.3% in the second quarter. Odyssean LLC now owns 43,660 shares of the company's stock worth $3,519,000 after buying an additional 22,996 shares during the period.

Loar Company Profile

Loar Holdings Inc is an aerospace and defense company that designs, manufactures and sells highly engineered, mission-critical components and systems. Its products are used in commercial and military aircraft, business jets, general aviation, space vehicles and other defense applications.

The company's product portfolio includes specialized components such as shock absorbers, vibration-control products, elastomeric components, seals, electronic systems and other aircraft and defense parts.

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