Loar (NYSE:LOAR) Share Price Breaks Above Two Hundred Day Moving Average – Should You Sell?

Loar Holdings Inc. (NYSE:LOAR) 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.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Morgan Stanley cut their price objective on Loar from $82.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Friday, October 16th. 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. Royal Bank Of Canada upped 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Loar in a research report on Tuesday, October 6th. Finally, Zacks Research cut shares of Loar from a “strong-buy” rating to a “hold” rating in a report on Friday, October 9th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Loar has a consensus rating of “Moderate Buy” and an average price target of $86.00.

Loar Stock Up 2.0%

The company has a market capitalization of $6.54 billion, a PE ratio of 58.98 and a beta of 0.63. The business has a 50-day moving average of $64.74 and a 200 day moving average of $66.66. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.91 and a quick ratio of 3.24.

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

Institutional Trading of Loar

A number of large investors have recently bought and sold shares of LOAR. Paragon Advisors LLC purchased a new stake in shares of Loar in the third quarter valued at $234,000. Ethic Inc. boosted its holdings in shares of Loar by 16.0% in the 3rd quarter. Ethic Inc. now owns 5,422 shares of the company’s stock valued at $334,000 after purchasing an additional 748 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in shares of Loar by 21.5% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 14,150 shares of the company’s stock worth $871,000 after purchasing an additional 2,500 shares during the period. VestGen Advisors LLC acquired a new position in shares of Loar during the third quarter worth about $211,000. Finally, Moody Aldrich Partners LLC raised its stake in shares of Loar by 4.2% during the third quarter. Moody Aldrich Partners LLC now owns 68,744 shares of the company’s stock valued at $4,229,000 after purchasing an additional 2,770 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.