Loar (LOAR) Projected to Post Quarterly Earnings on Wednesday

Loar (NYSE:LOAR - Get Free Report) is expected to post its quarterly earnings results before the market opens on Wednesday, February 26th. Analysts expect Loar to post earnings of $0.07 per share for the quarter.

Loar Stock Down 1.6 %

LOAR stock traded down $1.11 during trading on Friday, reaching $68.29. 556,115 shares of the stock were exchanged, compared to its average volume of 359,633. The company has a quick ratio of 2.28, a current ratio of 3.95 and a debt-to-equity ratio of 0.78. Loar has a twelve month low of $42.57 and a twelve month high of $96.99. The stock has a 50 day simple moving average of $75.71 and a 200-day simple moving average of $77.42.

Wall Street Analysts Forecast Growth

LOAR has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $100.00 price target on shares of Loar in a report on Thursday, November 14th. Morgan Stanley lifted their target price on Loar from $75.00 to $89.00 and gave the company an "equal weight" rating in a research note on Monday, November 18th.

Insider Activity

In related news, Chairman Brett N. Milgrim sold 120,305 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $81.17, for a total value of $9,765,156.85. Following the transaction, the chairman now owns 3,865,327 shares in the company, valued at approximately $313,748,592.59. This represents a 3.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael J. Manella sold 28,153 shares of Loar stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $81.17, for a total value of $2,285,179.01. Following the sale, the insider now directly owns 580,388 shares of the company's stock, valued at $47,110,093.96. This represents a 4.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,135,706 shares of company stock worth $92,185,256 in the last quarter.

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.