Loar (NYSE:LOAR) Trading Up 4.3% – Time to Buy?

Loar Holdings Inc. (NYSE:LOAR) was up 4.3% on Wednesday . The company traded as high as $76.20 and last traded at $76.2810. 65,405 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 869,035 shares. The stock had previously closed at $73.11.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada raised their target price on shares of Loar from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Jefferies Financial Group reissued a “buy” rating and set a $88.00 price objective on shares of Loar in a report on Sunday, August 9th. Zacks Research lowered Loar from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Citigroup raised their price objective on Loar from $71.00 to $87.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Finally, 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. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Loar has a consensus rating of “Moderate Buy” and a consensus target price of $88.00.

Loar Trading Down 0.5%

The stock has a fifty day moving average of $73.69 and a 200-day moving average of $67.10. The company has a market cap of $6.85 billion, a PE ratio of 101.58 and a beta of 0.56. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.24 and a current ratio of 4.91.

Loar (NYSE:LOAR) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.07. Loar had a return on equity of 9.37% and a net margin of 11.60%.The business had revenue of $171.58 million for the quarter, compared to the consensus estimate of $162.80 million. During the same quarter in the prior year, the company earned $0.23 EPS. 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. Sell-side analysts anticipate that Loar Holdings Inc. will post 1.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Loar

A number of institutional investors and hedge funds have recently bought and sold shares of LOAR. Rakuten Securities Inc. purchased a new stake in shares of Loar in the second quarter valued at about $27,000. Fifth Third Bancorp acquired a new stake in Loar during the fourth quarter worth $28,000. Nykredit A S acquired a new stake in Loar during the second quarter worth $33,000. Sunbelt Securities Inc. raised its position in Loar by 238.3% in the fourth quarter. Sunbelt Securities Inc. now owns 592 shares of the company’s stock valued at $40,000 after purchasing an additional 417 shares during the period. Finally, Danske Bank A S purchased a new stake in Loar in the fourth quarter valued at $62,000.

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.