Squarepoint Ops LLC Purchases Shares of 19,830 Loar Holdings Inc. $LOAR

Squarepoint Ops LLC purchased a new stake in shares of Loar Holdings Inc. (NYSE:LOAR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 19,830 shares of the company’s stock, valued at approximately $1,709,000.

Several other hedge funds and other institutional investors have also made changes to their positions in LOAR. Rakuten Securities Inc. acquired a new stake in Loar in the 2nd quarter valued at approximately $27,000. PNC Financial Services Group Inc. increased its holdings in shares of Loar by 390.1% during the second quarter. PNC Financial Services Group Inc. now owns 348 shares of the company’s stock valued at $30,000 after purchasing an additional 277 shares during the period. KBC Group NV bought a new stake in shares of Loar during the second quarter valued at about $82,000. Tower Research Capital LLC TRC lifted its holdings in Loar by 347.0% in the second quarter. Tower Research Capital LLC TRC now owns 970 shares of the company’s stock worth $84,000 after purchasing an additional 753 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Loar in the second quarter worth about $99,000.

Loar Trading Down 1.1%

Loar stock opened at $67.41 on Friday. The firm has a market cap of $6.31 billion, a price-to-earnings ratio of 102.14 and a beta of 0.35. Loar Holdings Inc. has a 1 year low of $62.10 and a 1 year high of $99.67. The firm’s 50 day moving average price is $72.46 and its two-hundred day moving average price is $75.86. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.81 and a current ratio of 5.92.

Loar (NYSE:LOAR) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.13. The business had revenue of $126.75 million during the quarter, compared to analyst estimates of $126.80 million. Loar had a return on equity of 6.45% and a net margin of 13.33%.The company’s revenue was up 22.5% compared to the same quarter last year. During the same period last year, the company posted $0.15 EPS. Loar has set its FY 2026 guidance at 0.980-1.03 EPS and its FY 2025 guidance at 0.930-0.980 EPS. On average, research analysts predict that Loar Holdings Inc. will post 0.28 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. The Goldman Sachs Group started coverage on shares of Loar in a research report on Tuesday, November 25th. They set a “buy” rating and a $91.00 price target on the stock. Citigroup assumed coverage on shares of Loar in a research note on Thursday, December 11th. They set a “buy” rating and a $83.00 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Loar in a report on Monday. Morgan Stanley decreased their price target on Loar from $100.00 to $97.00 and set an “overweight” rating for the company in a research note on Thursday, November 13th. Finally, Zacks Research raised Loar from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $90.75.

Loar Company Profile

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.