Zacks Research Upgrades Loar (NYSE:LOAR) to Strong-Buy

Loar (NYSE:LOAR) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday, Zacks reports.

Several other research analysts also recently weighed in on the stock. Morgan Stanley reaffirmed 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. Jefferies Financial Group restated a “buy” rating and issued a $88.00 price objective on shares of Loar in a research report on Sunday, August 9th. Weiss Ratings raised Loar from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, July 10th. Citigroup increased their target price on Loar from $71.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Finally, Royal Bank Of Canada boosted their price target on Loar from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Loar presently has a consensus rating of “Moderate Buy” and an average price target of $88.00.

Loar Stock Performance

NYSE:LOAR opened at $67.79 on Thursday. Loar has a 52-week low of $53.15 and a 52-week high of $83.43. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.24 and a current ratio of 4.91. The firm has a market capitalization of $6.35 billion, a PE ratio of 94.15 and a beta of 0.56. The stock has a 50-day simple moving average of $73.14 and a two-hundred day simple moving average of $67.28.

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

Hedge Funds Weigh In On Loar

Several institutional investors have recently added to or reduced their stakes in LOAR. Captrust Financial Advisors raised its position in shares of Loar by 1.8% during the 2nd quarter. Captrust Financial Advisors now owns 12,147 shares of the company’s stock valued at $1,047,000 after buying an additional 214 shares in the last quarter. Xponance LLC lifted its stake in shares of Loar by 4.2% in the 4th quarter. Xponance LLC now owns 5,989 shares of the company’s stock valued at $407,000 after purchasing an additional 240 shares during the last quarter. Federation des caisses Desjardins du Quebec boosted its holdings in shares of Loar by 16.8% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,727 shares of the company’s stock worth $117,000 after purchasing an additional 248 shares during the period. Rakuten Securities Inc. purchased a new position in shares of Loar in the 2nd quarter worth approximately $27,000. Finally, Natixis Advisors LLC increased its position in shares of Loar by 3.4% during the 3rd quarter. Natixis Advisors LLC now owns 11,322 shares of the company’s stock valued at $906,000 after purchasing an additional 370 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.