Loar Holdings Inc. (NYSE:LOAR) is among the 10 best American defense stocks to buy according to Wall Street analysts.
As of the close of business on February 5, the stock is a Strong Buy, with a one-year average share price target of $86.65, representing an upside of 33.27%.
Recent updates include Citigroup analyst John Godyn cutting the stock price target to $81 from $87 on Thursday while maintaining a Buy rating. This is an adjustment to the firm’s January revision to LOAR, when it raised the price target to $87 from $83, citing strong momentum in the aerospace and defense sector.
In other news, on January 22, Loar Holdings Inc. (NYSE:LOAR) announced it had completed its acquisition of Harper Engineering for $250 million. The company produces mechanical components for aircraft interiors. The transaction is expected to result in tax benefits of around $30 million for Loar.
This follows Loar’s acquisition of LMB Fans & Motors in December for €367 million plus assumed debt. The takeover is projected to add $60 million in revenue and $30 in adjusted EBITDA for 2026.
Loar Holdings Inc. (NYSE:LOAR) designs and manufactures niche aerospace and defense components for aircraft and aerospace and defense systems.
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