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NYSE:LOAR

Loar (LOAR) Stock Price, News & Analysis

Loar logo
$72.83 -1.06 (-1.43%)
(As of 12/20/2024 04:33 PM ET)

About Loar Stock (NYSE:LOAR)

Key Stats

Today's Range
$72.00
$74.32
50-Day Range
$72.83
$94.53
52-Week Range
$42.57
$96.99
Volume
2.16 million shs
Average Volume
357,032 shs
Market Capitalization
$6.53 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$85.50
Consensus Rating
Moderate Buy

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.

Loar Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
24th Percentile Overall Score

LOAR MarketRank™: 

Loar scored higher than 24% of companies evaluated by MarketBeat, and ranked 48th out of 54 stocks in the aerospace sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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.

  • Read more about Loar's stock forecast and price target.
    • 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 Yield

      Loar does not currently pay a dividend.

    • Dividend Growth

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

    • 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 Sentiment

      Loar has a news sentiment score of 0.33. 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 is a lower news sentiment than the 0.72 average news sentiment score of Aerospace companies.
    • News Coverage This Week

      MarketBeat has tracked 13 news articles for Loar this week, compared to 3 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.
    • 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.

    • Read more about Loar's insider trading history.
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    LOAR Stock News Headlines

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    Morgan Stanley Remains a Hold on Loar Holdings Inc. (LOAR)
    Loar Holdings price target raised to $91 from $89 at Morgan Stanley
    Loar Holdings, LLC (NYSE:LOAR) Insider Sells $2,285,179.01 in Stock
    Contrasting Loar (NYSE:LOAR) and Ducommun (NYSE:DCO)
    See More Headlines

    LOAR Stock Analysis - Frequently Asked Questions

    Loar's stock was trading at $49.71 on January 1st, 2024. Since then, LOAR shares have increased by 46.5% and is now trading at $72.83.
    View the best growth stocks for 2024 here
    .

    Loar Holdings, LLC (NYSE:LOAR) announced its quarterly earnings data on Wednesday, November, 13th. The company reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.02. The firm's quarterly revenue was up 25.0% on a year-over-year basis.

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

    Loar's lock-up period expired on Tuesday, October 22nd. Loar had issued 11,000,000 shares in its IPO on April 25th. The total size of the offering was $308,000,000 based on an initial share price of $28.00. Since the expiration of Loar's lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company have been lifted.

    Loar's top institutional shareholders 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
    .

    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.

    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
    12/21/2024
    Fiscal Year End
    12/31/2024

    Industry, Sector and Symbol

    Sector
    Aerospace
    Industry
    Aircraft parts & equipment, not elsewhere classified
    Sub-Industry
    Aircraft
    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
    +17.4%
    Consensus Rating
    Moderate Buy
    Rating Score (0-4)
    2.75
    Research Coverage
    4 Analysts

    Profitability

    Pretax Margin
    N/A

    Debt

    Sales & Book Value

    Annual Sales
    $378.81 million

    Miscellaneous

    Free Float
    N/A
    Market Cap
    $6.53 billion
    Optionable
    Optionable
    Beta
    N/A
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    This page (NYSE:LOAR) was last updated on 12/21/2024 by MarketBeat.com Staff
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