Tudor Investment Corp ET AL Sells 98,952 Shares of Loar Holdings Inc. $LOAR

Tudor Investment Corp ET AL lessened its stake in shares of Loar Holdings Inc. (NYSE:LOAR) by 57.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,132 shares of the company’s stock after selling 98,952 shares during the period. Tudor Investment Corp ET AL owned approximately 0.08% of Loar worth $5,931,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Capital International Investors increased its position in Loar by 909.3% during the 3rd quarter. Capital International Investors now owns 4,461,517 shares of the company’s stock valued at $356,921,000 after buying an additional 4,019,489 shares in the last quarter. Wasatch Advisors LP increased its position in Loar by 290.9% during the 2nd quarter. Wasatch Advisors LP now owns 2,624,649 shares of the company’s stock valued at $226,166,000 after buying an additional 1,953,148 shares in the last quarter. Bamco Inc. NY increased its position in Loar by 165.2% during the 3rd quarter. Bamco Inc. NY now owns 1,809,099 shares of the company’s stock valued at $144,728,000 after buying an additional 1,127,033 shares in the last quarter. State Street Corp increased its position in Loar by 66.3% during the 2nd quarter. State Street Corp now owns 1,660,474 shares of the company’s stock valued at $143,083,000 after buying an additional 662,224 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in Loar by 1.1% during the 3rd quarter. Alliancebernstein L.P. now owns 1,536,334 shares of the company’s stock valued at $122,907,000 after buying an additional 16,270 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $98.00 price objective on shares of Loar in a research report on Thursday, February 26th. Zacks Research raised Loar to a “hold” rating in a research report on Monday, March 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Loar in a report on Monday, December 29th. Royal Bank Of Canada reduced their target price on Loar from $92.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. Finally, Citigroup reduced their target price on Loar from $83.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Four equities 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 stock has a consensus rating of “Moderate Buy” and an average price target of $89.00.

Insiders Place Their Bets

In other Loar news, Director Raja Bobbili bought 50,000 shares of Loar stock in a transaction on Thursday, March 12th. The stock was acquired at an average price of $63.61 per share, with a total value of $3,180,500.00. Following the acquisition, the director owned 50,000 shares in the company, valued at approximately $3,180,500. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dirkson R. Charles purchased 36,434 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was purchased at an average price of $67.45 per share, for a total transaction of $2,457,473.30. Following the completion of the purchase, the insider owned 4,087,005 shares in the company, valued at approximately $275,668,487.25. The trade was a 0.90% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 173,800 shares of company stock worth $11,327,673 in the last 90 days. 22.60% of the stock is currently owned by company insiders.

Loar Stock Up 8.1%

Loar stock opened at $62.97 on Thursday. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of 83.96 and a beta of 0.89. The stock has a fifty day simple moving average of $64.72 and a two-hundred day simple moving average of $70.17. Loar Holdings Inc. has a 12 month low of $54.58 and a 12 month high of $99.67. The company has a current ratio of 4.70, a quick ratio of 2.98 and a debt-to-equity ratio of 0.61.

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