Loar (LOAR) Stock Price, News & Analysis

Company Overview

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. The company also provides auto throttles, lap-belt airbags, two-and three-point seat belts, water purification systems, fire barriers, polyimide washers and bushings, latches, hold-open and tie rods, temperature and fluid sensors and switches, carbon and metallic brake discs, fluid and pneumatic-based ice protection, RAM air components, sealing solutions, actuation devices, and others. It primarily serves commercial, business jet and general aviation, and defense markets. Loar Holdings Inc. was founded in 2017 and is headquartered in White Plains, New York.

Key Stats

• Today's Range: $73.86 to $77.60
• 50-Day Range: $74.09 to $94.53
• 52-Week Range: $42.57 to $96.99
• Volume: 899,929 shs
• Average Volume: 343,722 shs
• Market Capitalization: $6.70 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $85.50
• Consensus Rating: Moderate Buy

Loar Stock Analysis - MarketRank™

Loar scored higher than 28% of companies evaluated by MarketBeat, and ranked 48th out of 52 stocks in the aerospace sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Loar has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Loar has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.59% of the float of Loar has been sold short.

Short Interest Ratio / Days to Cover

Loar has a short interest ratio ("days to cover") of 5.6.

Change versus previous month

Short interest in Loar has recently decreased by 1.68%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Loar does not currently pay a dividend.

Dividend Growth

Loar does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.59% of the float of Loar has been sold short.

Short Interest Ratio / Days to Cover

Loar has a short interest ratio ("days to cover") of 5.6.

Change versus previous month

Short interest in Loar has recently decreased by 1.68%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.73

News Sentiment

Loar has a news sentiment score of 0.73. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Aerospace companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for Loar this week, compared to 2 articles on an average week.

Search Interest

6 people have searched for LOAR on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.

MarketBeat Follows

13 people have added Loar to their MarketBeat watchlist in the last 30 days. This is an increase of 333% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Loar insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $92,185,256.00 in company stock.

LOAR Stock Analysis - Frequently Asked Questions

How have LOAR shares performed this year?

Loar's stock was trading at $49.71 at the start of the year. Since then, LOAR shares have increased by 50.2% and is now trading at $74.68.
View the best growth stocks for 2024 here.

How were Loar's earnings last quarter?

Loar Holdings, LLC (NYSE:LOAR) announced its earnings results on Wednesday, November, 13th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02. The company's revenue was up 25.0% compared to the same quarter last year.

When did Loar IPO?

Loar (LOAR) raised $275 million in an initial public offering (IPO) on Thursday, April 25th 2024. The company issued 11,000,000 shares at a price of $24.00-$26.00 per share. Jefferies, Morgan Stanley, Citigroup, Moelis & Co. and RBC Capital Markets acted as the underwriters for the IPO.

When did Loar's lock-up period expire?

Loar's lock-up period expired on Tuesday, October 22nd. Loar had issued 11,000,000 shares in its public offering on April 25th. The total size of the offering was $308,000,000 based on an initial share price of $28.00. Shares of the company owned by major shareholders and company insiders are now eligible to be traded as a result of the end of the lock-up period.

Who are Loar's major shareholders?

Top institutional investors of Loar include Lord Abbett & CO. LLC (1.13%), FMR LLC (0.54%), State Street Corp (0.46%) and TimesSquare Capital Management LLC (0.46%). Insiders that own company stock include Raja Bobbili, Brett N Milgrim, Michael J Manella and M Chad Crow.
View institutional ownership trends.

How do I buy shares of Loar?

Shares of LOAR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Loar own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Loar investors own include Tesla (TSLA), NVIDIA (NVDA), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), Meta Platforms (META), Netflix (NFLX) and Visa (V).

Company Calendar

• Last Earnings: 11/13/2024
• Today: 12/18/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Aerospace
• Industry: Aircraft parts & equipment, not elsewhere classified
• Sub-Industry: Aircraft
• Current Symbol: NYSE:LOAR
• Previous Symbol: NYSE:LOAR
• CUSIP: N/A
• CIK: 2000178
• Web: loargroup.com
• Phone: 914-909-1311
• Fax: N/A
• Employees: 1,300
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $85.50
• High Stock Price Target: $100.00
• Low Stock Price Target: $65.00
• Potential Upside/Downside: +11.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.75
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: 0.78
• Current Ratio: 3.95
• Quick Ratio: 2.28

Sales & Book Value

• Annual Sales: $378.81 million
• Price / Sales: 18.18
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: 89,704,000
• Free Float: N/A
• Market Cap: $6.89 billion
• Optionable: Optionable
• Beta: N/A