Loar Holdings Inc. (NYSE:LOAR) Receives $88.00 Average Price Target from Analysts

Shares of Loar Holdings Inc. (NYSE:LOAR) have earned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $88.00.

Several equities research analysts recently weighed in on LOAR shares. Jefferies Financial Group reaffirmed a “buy” rating and set a $88.00 price target on shares of Loar in a report on Sunday, August 9th. Zacks Research cut Loar from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Weiss Ratings upgraded Loar from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 10th. 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. Finally, Royal Bank Of Canada raised their price target on Loar from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, August 7th.

Loar Stock Performance

Shares of LOAR opened at $74.35 on Friday. 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 firm has a market cap of $6.97 billion, a PE ratio of 103.26 and a beta of 0.56. The company’s 50 day simple moving average is $73.24 and its 200-day simple moving average is $66.85.

Loar (NYSE:LOAR) last announced its earnings results on Thursday, August 6th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.07. Loar had a net margin of 11.60% and a return on equity of 9.37%. The business had revenue of $171.58 million during the quarter, compared to analysts’ expectations of $162.80 million. During the same period in the prior year, the company earned $0.23 earnings per share. The business’s revenue was up 39.4% compared to the same quarter last year. Loar has set its FY 2026 guidance at 1.320-1.360 EPS. As a group, equities analysts predict that Loar will post 1.2 EPS for the current year.

Hedge Funds Weigh In On Loar

Several hedge funds have recently added to or reduced their stakes in LOAR. Capital International Investors grew its position in shares of Loar by 61.8% in the fourth quarter. Capital International Investors now owns 7,218,814 shares of the company’s stock valued at $490,879,000 after purchasing an additional 2,757,297 shares during the last quarter. Wasatch Advisors LP raised its position in shares of Loar by 290.9% during the 2nd quarter. Wasatch Advisors LP now owns 2,624,649 shares of the company’s stock worth $226,166,000 after purchasing an additional 1,953,148 shares during the last quarter. UBS Group AG lifted its stake in Loar by 266.0% in the 4th quarter. UBS Group AG now owns 1,276,780 shares of the company’s stock valued at $86,821,000 after buying an additional 927,908 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Loar by 837.1% in the 1st quarter. Bank of New York Mellon Corp now owns 933,216 shares of the company’s stock valued at $53,464,000 after buying an additional 833,626 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in Loar by 98.0% during the 2nd quarter. Alliancebernstein L.P. now owns 1,520,064 shares of the company’s stock valued at $130,984,000 after buying an additional 752,201 shares during 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.