Teachers Retirement System of The State of Kentucky Acquires New Holdings in Loar Holdings Inc. $LOAR

Teachers Retirement System of The State of Kentucky purchased a new stake in Loar Holdings Inc. (NYSE:LOAR) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 17,279 shares of the company’s stock, valued at approximately $1,382,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LOAR. Thrive Wealth Management LLC grew its stake in Loar by 0.3% during the 3rd quarter. Thrive Wealth Management LLC now owns 41,016 shares of the company’s stock worth $3,281,000 after buying an additional 133 shares during the last quarter. Arizona State Retirement System grew its position in Loar by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 9,689 shares of the company’s stock worth $775,000 after purchasing an additional 134 shares during the last quarter. Xponance Inc. increased its stake in Loar by 2.7% during the 3rd quarter. Xponance Inc. now owns 5,749 shares of the company’s stock valued at $460,000 after purchasing an additional 150 shares in the last quarter. Amalgamated Bank raised its holdings in shares of Loar by 7.1% in the third quarter. Amalgamated Bank now owns 3,059 shares of the company’s stock worth $245,000 after buying an additional 204 shares during the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of Loar by 1.8% during the second quarter. Captrust Financial Advisors now owns 12,147 shares of the company’s stock valued at $1,047,000 after buying an additional 214 shares during the last quarter.

Loar Trading Down 3.9%

Shares of Loar stock opened at $72.54 on Friday. The firm has a 50-day simple moving average of $69.34 and a two-hundred day simple moving average of $72.41. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.81 and a current ratio of 4.70. Loar Holdings Inc. has a fifty-two week low of $62.10 and a fifty-two week high of $99.67. The company has a market cap of $6.79 billion, a P/E ratio of 96.72 and a beta of 0.34.

Loar (NYSE:LOAR) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. Loar had a return on equity of 7.54% and a net margin of 14.54%.The company had revenue of $131.75 million during the quarter, compared to analysts’ expectations of $128.00 million. During the same quarter in the prior year, the firm posted $0.11 EPS. Loar’s quarterly revenue was up 19.3% compared to the same quarter last year. Loar has set its FY 2026 guidance at 0.760-0.800 EPS. As a group, equities analysts predict that Loar Holdings Inc. will post 0.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LOAR has been the topic of a number of research reports. Wall Street Zen lowered Loar from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Royal Bank Of Canada dropped their target price on Loar from $92.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 18th. Citigroup increased their price target on shares of Loar from $81.00 to $83.00 and gave the stock a “buy” rating in a report on Monday. Morgan Stanley dropped their price objective on shares of Loar from $100.00 to $97.00 and set an “overweight” rating on the stock in a report on Thursday, November 13th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $98.00 price objective on shares of Loar in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $92.00.

Loar 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.