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NYSE:LOAR

Loar (LOAR) Stock Price, News & Analysis

Loar logo
$91.65 +3.59 (+4.08%)
(As of 10:25 AM ET)

About Loar Stock (NYSE:LOAR)

Key Stats

Today's Range
$87.70
$91.85
50-Day Range
$71.00
$89.31
52-Week Range
$42.57
$95.35
Volume
34,504 shs
Average Volume
297,544 shs
Market Capitalization
$8.22 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™

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12th Percentile Overall Score

LOAR MarketRank™: 

Loar scored higher than 12% of companies evaluated by MarketBeat, and ranked 49th out of 52 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.
  • Price to Book Value per Share Ratio

    Loar has a P/B Ratio of 10.68. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    2.99% 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 7.5.
  • Change versus previous month

    Short interest in Loar has recently increased by 2.00%, indicating that investor sentiment is decreasing.
  • 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

    2.99% 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 7.5.
  • Change versus previous month

    Short interest in Loar has recently increased by 2.00%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Loar has a news sentiment score of 0.55. 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 0.77 average news sentiment score of Aerospace companies.
  • News Coverage This Week

    MarketBeat has tracked 8 news articles for Loar this week, compared to 2 articles on an average week.
  • Search Interest

    4 people have searched for LOAR on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.
  • MarketBeat Follows

    3 people have added Loar to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.
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LOAR Stock News Headlines

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Loar Holdings reports Q3 adjusted EPS 15c, consensus 13c
Loar Holdings falls -7.8%
RBC Capital Reaffirms Their Buy Rating on Loar Holdings Inc. (LOAR)
See More Headlines

LOAR Stock Analysis - Frequently Asked Questions

Loar's stock was trading at $49.71 at the beginning of the year. Since then, LOAR shares have increased by 84.4% and is now trading at $91.65.
View the best growth stocks for 2024 here
.

Loar Holdings, LLC (NYSE:LOAR) issued its quarterly earnings results 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 company's revenue for the quarter was up 25.0% on a year-over-year basis.

Loar (LOAR) raised $275 million in an initial public offering 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 acted 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 initial 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.

Top institutional shareholders of Loar include FMR LLC (0.54%), State Street Corp (0.46%), TimesSquare Capital Management LLC (0.46%) and Janus Henderson Group PLC (0.45%).
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
11/21/2024
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
-6.7%
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
N/A
Book Value
$8.58 per share

Miscellaneous

Free Float
N/A
Market Cap
$8.22 billion
Optionable
Optionable
Beta
N/A
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This page (NYSE:LOAR) was last updated on 11/21/2024 by MarketBeat.com Staff
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