Loar (NYSE:LOAR) Now Covered by Analysts at Citigroup

Citigroup began coverage on shares of Loar (NYSE:LOAR) in a research note issued on Thursday, MarketBeat reports. The brokerage set a “buy” rating on the stock.

LOAR has been the topic of a number of other reports. Zacks Research raised shares of Loar from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. Wall Street Zen upgraded Loar from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Morgan Stanley cut their price objective on Loar from $100.00 to $97.00 and set an “overweight” rating for the company in a research report on Thursday, November 13th. The Goldman Sachs Group initiated coverage on Loar in a report on Tuesday, November 25th. They set a “buy” rating and a $91.00 target price on the stock. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Loar in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $90.75.

Loar Trading Down 2.0%

NYSE LOAR opened at $69.92 on Thursday. Loar has a 12 month low of $62.10 and a 12 month high of $99.67. The company has a current ratio of 5.92, a quick ratio of 3.81 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average of $73.52 and a 200-day moving average of $76.51. The company has a market cap of $6.55 billion, a PE ratio of 105.93 and a beta of 0.35.

Loar (NYSE:LOAR) last issued its earnings results on Wednesday, November 12th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.13. The business had revenue of $126.75 million for the quarter, compared to the consensus estimate of $126.80 million. Loar had a net margin of 13.33% and a return on equity of 6.45%. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 earnings per share. Loar has set its FY 2026 guidance at 0.980-1.03 EPS and its FY 2025 guidance at 0.930-0.980 EPS. On average, equities research analysts anticipate that Loar will post 0.28 EPS for the current fiscal year.

Institutional Trading of Loar

Several institutional investors have recently added to or reduced their stakes in LOAR. Thrive Wealth Management LLC bought a new position in shares of Loar in the 2nd quarter valued at $3,523,000. Fox Run Management L.L.C. bought a new stake in shares of Loar during the 2nd quarter worth $769,000. Vanguard Group Inc. boosted its stake in Loar by 0.5% in the first quarter. Vanguard Group Inc. now owns 2,735,157 shares of the company’s stock valued at $193,239,000 after buying an additional 13,832 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in Loar by 232.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,601,485 shares of the company’s stock valued at $113,145,000 after acquiring an additional 1,119,958 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in Loar by 45.1% during the second quarter. Federated Hermes Inc. now owns 1,649,069 shares of the company’s stock worth $142,100,000 after acquiring an additional 512,416 shares in the last quarter.

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.