Key Points
- Loar director Taiwo Danmola sold 35,000 shares on May 20 at an average price of $60.59, totaling about $2.12 million and reducing his ownership by 39.2%.
- The stock was down 0.8% and recently traded around $62.07, with a 50-day moving average of $60.79 and a 200-day moving average of $66.31.
- Loar’s fundamentals and analyst outlook remain solid: the company beat quarterly EPS and revenue estimates, posted 36.1% year-over-year revenue growth, and carries a consensus “Moderate Buy” rating with an average target price of $83.00.
Loar Holdings Inc. (NYSE:LOAR - Get Free Report) Director Taiwo Danmola sold 35,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 20th. The shares were 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 owned 54,286 shares in the company, valued at approximately $3,289,188.74. The trade was a 39.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Loar Stock Down 0.8%
Shares of NYSE LOAR opened at $62.07 on Friday. The company has a 50 day simple moving average of $60.79 and a 200 day simple moving average of $66.31. The firm has a market cap of $5.81 billion, a PE ratio of 87.42 and a beta of 0.55. Loar Holdings Inc. has a 1 year low of $53.15 and a 1 year high of $91.19. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.56 and a quick ratio of 2.89.
Loar (NYSE:LOAR - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.19. Loar had a net margin of 12.64% and a return on equity of 8.47%. The business had revenue of $156.09 million during the quarter, compared to analyst estimates of $149.71 million. During the same quarter last year, the business earned $0.16 EPS. The firm's quarterly revenue was up 36.1% on a year-over-year basis. Loar has set its FY 2026 guidance at 1.260-1.300 EPS. On average, research analysts forecast that Loar Holdings Inc. will post 0.66 EPS for the current year.
Institutional Investors Weigh In On Loar
Hedge funds have recently made changes to their positions in the business. Rakuten Securities Inc. bought a new stake in shares of Loar during the 2nd quarter worth $27,000. Fifth Third Bancorp bought a new stake in Loar in the 4th quarter valued at about $28,000. Sunbelt Securities Inc. raised its stake in Loar by 238.3% in the 4th quarter. Sunbelt Securities Inc. now owns 592 shares of the company's stock valued at $40,000 after acquiring an additional 417 shares during the period. PNC Financial Services Group Inc. raised its stake in Loar by 122.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 774 shares of the company's stock valued at $62,000 after acquiring an additional 426 shares during the period. Finally, Danske Bank A S bought a new stake in Loar in the 4th quarter valued at about $62,000.
Analysts Set New Price Targets
LOAR has been the subject of several research analyst reports. Wall Street Zen lowered shares of Loar from a "buy" rating to a "hold" rating in a research note on Saturday, February 28th. Citigroup lowered their price objective on shares of Loar from $83.00 to $71.00 and set a "buy" rating for the company in a research note on Thursday, April 2nd. Morgan Stanley set a $91.00 price objective on shares of Loar in a research note on Friday, May 8th. The Goldman Sachs Group reiterated a "buy" rating and issued a $98.00 price objective on shares of Loar in a research note on Thursday, February 26th. Finally, Jefferies Financial Group set a $75.00 price target on shares of Loar in a research report on Sunday, May 10th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Loar currently has a consensus rating of "Moderate Buy" and an average target price of $83.00.
View Our Latest Stock Analysis on LOAR
About Loar
(
Get Free Report)
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.
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