Loar Holdings Inc. $LOAR Shares Bought by Wasatch Advisors LP

Wasatch Advisors LP raised its stake in shares of Loar Holdings Inc. (NYSE:LOAR) by 14.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 3,509,014 shares of the company’s stock after acquiring an additional 444,049 shares during the period. Loar comprises about 1.3% of Wasatch Advisors LP’s investment portfolio, making the stock its 24th biggest position. Wasatch Advisors LP’s holdings in Loar were worth $201,031,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC lifted its holdings in shares of Loar by 17.2% in the 1st quarter. SG Americas Securities LLC now owns 5,252 shares of the company’s stock valued at $301,000 after buying an additional 770 shares during the period. Sunbelt Securities Inc. grew its holdings in Loar by 238.3% during the fourth quarter. Sunbelt Securities Inc. now owns 592 shares of the company’s stock worth $40,000 after acquiring an additional 417 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in Loar by 39.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,533,540 shares of the company’s stock worth $172,281,000 after acquiring an additional 711,182 shares during the period. Vident Advisory LLC purchased a new position in Loar during the fourth quarter valued at approximately $259,000. Finally, XTX Topco Ltd purchased a new position in Loar during the fourth quarter valued at approximately $4,391,000.

Loar Stock Performance

LOAR opened at $79.26 on Friday. The firm’s fifty day simple moving average is $63.89 and its two-hundred day simple moving average is $65.97. Loar Holdings Inc. has a 52-week low of $53.15 and a 52-week high of $88.75. The company has a market cap of $7.42 billion, a price-to-earnings ratio of 111.63 and a beta of 0.69. The company has a quick ratio of 2.89, a current ratio of 4.56 and a debt-to-equity ratio of 0.80.

Loar (NYSE:LOAR) last released its earnings results on Thursday, May 7th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.19. Loar had a net margin of 12.64% and a return on equity of 8.47%. The business had revenue of $156.09 million during the quarter, compared to analysts’ expectations of $149.71 million. During the same quarter in the previous year, the company earned $0.16 earnings per share. The company’s quarterly revenue was up 36.1% on a year-over-year basis. Loar has set its FY 2026 guidance at 1.260-1.300 EPS. Equities analysts anticipate that Loar Holdings Inc. will post 1.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Citigroup boosted their price target on Loar from $71.00 to $87.00 and gave the company a “buy” rating in a report on Thursday. Zacks Research raised shares of Loar to a “hold” rating in a research note on Monday, March 9th. Jefferies Financial Group set a $75.00 target price on shares of Loar in a report on Sunday, May 10th. Morgan Stanley set a $91.00 target price on shares of Loar in a research note on Friday, May 8th. Finally, Weiss Ratings downgraded shares of Loar from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $86.20.

Insider Transactions at Loar

In other Loar news, Director Taiwo K. Danmola sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $60.59, for a total transaction of $2,120,650.00. Following the completion of the sale, the director directly owned 54,286 shares in the company, valued at approximately $3,289,188.74. The trade was a 39.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 20.10% of the company’s stock.

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.