Loar (NYSE:LOAR) Downgraded by Zacks Research to Hold

Loar (NYSE:LOAR) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Citigroup lifted their target price on Loar from $71.00 to $87.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Morgan Stanley reiterated an “equal weight” rating and set a $82.00 price target (down from $91.00) on shares of Loar in a report on Wednesday, July 15th. Royal Bank Of Canada cut their price objective 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 objective on shares of Loar in a report on Sunday, May 10th. Finally, Weiss Ratings raised shares of Loar from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 10th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.40.

Loar Stock Performance

Loar stock opened at $73.24 on Wednesday. The firm has a 50 day simple moving average of $71.24 and a 200-day simple moving average of $66.65. Loar has a 1-year low of $53.15 and a 1-year high of $83.43. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.56 and a quick ratio of 2.89. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 103.15 and a beta of 0.56.

Loar (NYSE:LOAR) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.31 by $0.07. The firm had revenue of $171.58 million for the quarter, compared to analyst estimates of $162.80 million. Loar had a net margin of 12.64% and a return on equity of 8.47%. The business’s revenue for the quarter was up 39.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 EPS. Loar has set its FY 2026 guidance at 1.320-1.360 EPS. On average, analysts expect that Loar will post 1.16 EPS for the current year.

Insider Transactions at Loar

In other Loar 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 transaction, the director directly owned 54,286 shares in the company, valued at $3,289,188.74. This represents a 39.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 20.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Loar

A number of institutional investors have recently modified their holdings of LOAR. UBS Group AG increased its stake in shares of Loar by 266.0% during the fourth quarter. UBS Group AG now owns 1,276,780 shares of the company’s stock worth $86,821,000 after buying an additional 927,908 shares during the period. WINTON GROUP Ltd purchased a new position in Loar in the fourth quarter worth approximately $1,836,000. Seven Grand Managers LLC lifted its stake in 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. Yorktown Management & Research Co Inc acquired a new position in Loar during the 4th quarter worth approximately $544,000. Finally, Norges Bank acquired a new position in Loar during the 4th quarter worth approximately $46,053,000.

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.