Loar (NYSE:LOAR) Stock Price Down 7.3% – What’s Next?

Loar Holdings Inc. (NYSE:LOAR)’s stock price fell 7.3% during trading on Wednesday . The stock traded as low as $72.28 and last traded at $72.0850. Approximately 460,947 shares changed hands during trading, a decline of 51% from the average session volume of 937,064 shares. The stock had previously closed at $77.80.

Analyst Ratings Changes

A number of equities research analysts have weighed in on LOAR shares. Royal Bank Of Canada cut their target price on Loar from $90.00 to $80.00 and set an “outperform” rating for the company in a research report on Friday, May 8th. Jefferies Financial Group set a $75.00 price target on Loar in a research report on Sunday, May 10th. Weiss Ratings lowered Loar from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Citigroup raised their target price on Loar from $71.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Finally, Morgan Stanley set a $91.00 target price on Loar in a report on Friday, May 8th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $86.20.

Loar Stock Performance

The stock has a market cap of $6.74 billion, a price-to-earnings ratio of 101.52 and a beta of 0.47. The company’s 50-day simple moving average is $66.38 and its 200-day simple moving average is $66.53. The company has a quick ratio of 2.89, a current ratio of 4.56 and a debt-to-equity ratio of 0.80.

Loar (NYSE:LOAR) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.19. The business had revenue of $156.09 million during the quarter, compared to analyst estimates of $149.71 million. Loar had a return on equity of 8.47% and a net margin of 12.64%.The company’s revenue was up 36.1% compared to the same quarter last year. During the same period last year, the company posted $0.16 EPS. Loar has set its FY 2026 guidance at 1.260-1.300 EPS. Analysts predict that Loar Holdings Inc. will post 1.16 EPS for the current fiscal year.

Insider Activity at Loar

In other news, Director Taiwo K. Danmola sold 35,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $60.59, for a total transaction of $2,120,650.00. Following the completion of the sale, the director directly owned 54,286 shares of the company’s stock, valued at $3,289,188.74. This represents a 39.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 20.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Loar

A number of institutional investors have recently bought and sold shares of LOAR. Capricorn Fund Managers Ltd purchased a new stake in Loar in the 4th quarter worth approximately $4,760,000. WINTON GROUP Ltd purchased a new position in shares of Loar during the 4th quarter valued at $1,836,000. UBS Group AG increased its stake in shares of Loar by 266.0% in the fourth quarter. UBS Group AG now owns 1,276,780 shares of the company’s stock worth $86,821,000 after acquiring an additional 927,908 shares during the last quarter. Seven Grand Managers LLC increased its stake in shares of Loar by 33.3% in the fourth quarter. Seven Grand Managers LLC now owns 100,000 shares of the company’s stock worth $6,800,000 after acquiring an additional 25,000 shares during the last quarter. Finally, Riverbridge Partners LLC purchased a new stake in shares of Loar during the fourth quarter worth $18,839,000.

About Loar

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.