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NYSE:LOAR

Loar (LOAR) Stock Price, News & Analysis

$75.09
+1.64 (+2.23%)
(As of 10/8/2024 ET)

About Loar Stock (NYSE:LOAR)

Key Stats

Today's Range
$72.93
$75.26
50-Day Range
$57.20
$79.84
52-Week Range
$42.57
$80.79
Volume
111,260 shs
Average Volume
295,613 shs
Market Capitalization
$6.74 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$75.75
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
25th Percentile Overall Score

LOAR MarketRank™: 

Loar scored higher than 25% of companies evaluated by MarketBeat, and ranked 40th out of 46 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 3 research reports in the past 90 days.

  • Read more about Loar's stock forecast and price target.
  • Percentage of Shares Shorted

    1.89% 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 4.7.
  • Change versus previous month

    Short interest in Loar has recently increased by 6.61%, indicating that investor sentiment is decreasing significantly.
  • 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

    1.89% 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 4.7.
  • Change versus previous month

    Short interest in Loar has recently increased by 6.61%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Loar has a news sentiment score of 0.61. 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 11 news articles for Loar this week, compared to 1 article on an average week.
  • Search Interest

    Only 2 people have searched for LOAR on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added Loar to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
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LOAR Stock News Headlines

Loar Holdings Inc. (LOAR) Gets a Buy from RBC Capital
Loar (NYSE:LOAR) Given "Outperform" Rating at Royal Bank of Canada
625,000% Gain
The recent pullback in the crypto markets has left many investors in full-on panic mode, convinced the bull run is over. But if history has taught us anything, it’s that this is only the beginning.
Comparing Loar (NYSE:LOAR) & Spirit AeroSystems (NYSE:SPR)
See More Headlines

LOAR Stock Analysis - Frequently Asked Questions

Loar's stock was trading at $49.71 at the beginning of 2024. Since then, LOAR shares have increased by 51.1% and is now trading at $75.09.
View the best growth stocks for 2024 here
.

Loar Holdings, LLC (NYSE:LOAR) announced its earnings results on Tuesday, August, 13th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.03. The business's quarterly revenue was up 31.2% compared to the same quarter last year.

Loar (LOAR) raised $275 million in an 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.

Loar's lock-up period expires 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. After the end of Loar's lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Loar's top institutional shareholders include Quent Capital LLC.
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.

Company Calendar

Last Earnings
8/13/2024
Today
10/08/2024
Next Earnings (Estimated)
11/12/2024
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
$75.75
High Stock Price Target
$88.00
Low Stock Price Target
$65.00
Potential Upside/Downside
+1.6%
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
$358.10 million

Miscellaneous

Free Float
N/A
Market Cap
$6.69 billion
Optionable
Optionable
Beta
N/A
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This page (NYSE:LOAR) was last updated on 10/8/2024 by MarketBeat.com Staff
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