Loar (LOAR) Projected to Post Earnings on Wednesday

Loar (NYSE:LOAR) 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. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Loar Trading Down 1.2 %

NYSE:LOAR opened at $67.76 on Tuesday. The business’s fifty day moving average price is $75.25 and its 200 day moving average price is $77.81. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.95 and a quick ratio of 2.28. Loar has a 12 month low of $42.57 and a 12 month high of $96.99.

Analyst Ratings Changes

Several brokerages have issued reports on LOAR. Morgan Stanley raised their price objective on Loar from $75.00 to $89.00 and gave the stock an “equal weight” rating in a report on Monday, November 18th. Royal Bank of Canada dropped their price objective on Loar from $100.00 to $92.00 and set an “outperform” rating on the stock in a report on Monday.

Insider Buying and Selling at Loar

In related news, insider Michael J. Manella sold 28,153 shares of Loar stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $81.17, for a total transaction of $2,285,179.01. Following the completion of the transaction, the insider now directly owns 580,388 shares in the company, valued at $47,110,093.96. The trade was a 4.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Raja Bobbili sold 987,248 shares of Loar stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $81.17, for a total value of $80,134,920.16. Following the transaction, the director now owns 36,713,441 shares of the company’s stock, valued at $2,980,030,005.97. This represents a 2.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,135,706 shares of company stock valued at $92,185,256.

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.