Intech Investment Management LLC Raises Stake in Loar Holdings Inc. $LOAR

Intech Investment Management LLC boosted its holdings in Loar Holdings Inc. (NYSE:LOAR) by 416.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 23,534 shares of the company’s stock after buying an additional 18,974 shares during the period. Intech Investment Management LLC’s holdings in Loar were worth $1,883,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Wasatch Advisors LP raised its stake in shares of Loar by 290.9% in the 2nd quarter. Wasatch Advisors LP now owns 2,624,649 shares of the company’s stock valued at $226,166,000 after acquiring an additional 1,953,148 shares during the period. Marshall Wace LLP increased its holdings in Loar by 2,104.8% in the 2nd quarter. Marshall Wace LLP now owns 1,386,318 shares of the company’s stock valued at $119,459,000 after purchasing an additional 1,323,442 shares in the last quarter. Norges Bank purchased a new position in Loar in the second quarter valued at about $72,023,000. Alliancebernstein L.P. lifted its stake in shares of Loar by 98.0% during the second quarter. Alliancebernstein L.P. now owns 1,520,064 shares of the company’s stock worth $130,984,000 after purchasing an additional 752,201 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Loar in the second quarter worth about $57,607,000.

Analysts Set New Price Targets

Several research firms recently commented on LOAR. Wall Street Zen lowered Loar from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Royal Bank Of Canada reduced their target price on shares of Loar from $92.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 18th. Citigroup upped their target price on shares of Loar from $81.00 to $83.00 and gave the company a “buy” rating in a research note on Monday. The Goldman Sachs Group reaffirmed a “buy” rating and set a $98.00 price target on shares of Loar in a research note on Thursday, February 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Loar in a report on Monday, December 29th. One 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $92.00.

Loar Stock Performance

Loar stock opened at $75.53 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.70 and a quick ratio of 3.81. Loar Holdings Inc. has a 12 month low of $62.10 and a 12 month high of $99.67. The company has a fifty day moving average price of $69.30 and a two-hundred day moving average price of $72.41. The company has a market cap of $7.07 billion, a PE ratio of 100.71 and a beta of 0.34.

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

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.