Streetbeat News

LOAR

Loar Holdings Inc.

Industry

Aerospace & Defense

Loar Holdings, Inc. engages in the design, manufacture, and sale of niche aerospace and defense components for aircraft, aerospace and defense systems. The company was founded on August 21, 2017 and is headquartered in White Plains, NY.

Open

82.18

Mkt cap

7.9B

Volume

311K

High

88.55

P/E Ratio

438.80

52-wk high

95.35

Low

82.18

Div yield

N/A

52-wk low

42.57

Tech stocks surged and Treasury yields fell on Tuesday following lower-than-expected producer inflation data, increasing expectations for Federal Reserve rate cuts. Major indices and ETFs saw significant movements, with notable performances from Starbucks, Chipotle, and Home Depot.

Portfolio Pulse from Piero Cingari

August 13, 2024 | 4:55 pm

Loar Holdings Inc. (NYSE:LOAR) reported better-than-expected second-quarter earnings and sales, leading to an 18.2% increase in its stock price. Other notable gainers include iLearningEngines, Inc. (NASDAQ:AILE), Starbucks Corporation (NASDAQ:SBUX), PACS Group, Inc. (NYSE:PACS), Pulse Biosciences, Inc. (NASDAQ:PLSE), and Clean Energy Fuels Corp. (NASDAQ:CLNE), among others.

Portfolio Pulse from Avi Kapoor

August 13, 2024 | 3:44 pm

Loar Holdings shares are trading higher after the company reported better-than-expected Q2 GAAP EPS and sales.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 2:20 pm

Loar Holdings (NYSE: LOAR) reported Q2 2024 GAAP EPS of $0.09, beating the $0.06 estimate by 50%. Sales were $97.015M, surpassing the $91.700M estimate by 5.80% and marking a 31.12% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 12:11 pm

Loar Holdings has signed a definitive agreement to acquire Applied Avionics for $385 million in cash.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 12:32 pm

Jefferies has initiated coverage on Loar Holdings with a Buy rating and set a price target of $65.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 6:29 pm

Shares of Applied DNA Sciences (APDN) fell sharply by 67.5% after announcing a $12 million public offering. Other notable stock movements include Sharps Technology (STSS) climbing 207%, Insmed Incorporated (INSM) jumping 110% on positive Phase 3 study results, and Pineapple Energy (PEGY) gaining 91.5% after a subsidiary signed a significant project. Several other stocks experienced significant gains and losses during Tuesday's mid-day session.

Portfolio Pulse from Avi Kapoor

May 28, 2024 | 5:24 pm

Analog Devices, Inc. (NASDAQ: ADI) posted strong earnings, beating market estimates, which led to a 6% surge in its stock price. Other notable gainers include IGM Biosciences, Petco Health and Wellness, CureVac, Daqo New Energy, Bloom Energy, SunPower, Novavax, Canadian Solar, Brady Corporation, Loar Holdings, First Solar, Fluence Energy, The TJX Companies, BioNTech, Vipshop Holdings, Moderna, Crinetics Pharmaceuticals, and Williams-Sonoma.

Portfolio Pulse from Avi Kapoor

May 22, 2024 | 2:22 pm

Loar Holdings (NYSE: LOAR) received favorable analyst coverage from Morgan Stanley, RBC Capital, and Citigroup following its IPO last month. The company, which operates in the aerospace and defense sector, reported strong financial results and has projected positive growth for fiscal-year 2024.

Portfolio Pulse from Vaishali Prayag

May 20, 2024 | 6:30 pm

Citigroup has initiated coverage on Loar Holdings (NYSE:LOAR) with a Buy rating and a price target of $64, as announced by analyst Jason Gursky.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 3:02 pm

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