Huntleigh Advisors Inc. Acquires 678 Shares of Loar Holdings Inc. $LOAR

Huntleigh Advisors Inc. raised its holdings in Loar Holdings Inc. (NYSE:LOAR) by 5.9% during the second quarter, HoldingsChannel reports. The firm owned 12,155 shares of the company’s stock after acquiring an additional 678 shares during the quarter. Huntleigh Advisors Inc.’s holdings in Loar were worth $1,047,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Amalgamated Bank boosted its stake in Loar by 13.1% in the first quarter. Amalgamated Bank now owns 2,261 shares of the company’s stock valued at $160,000 after buying an additional 261 shares in the last quarter. GAMMA Investing LLC raised its stake in Loar by 204.9% during the first quarter. GAMMA Investing LLC now owns 372 shares of the company’s stock worth $26,000 after acquiring an additional 250 shares in the last quarter. Arizona State Retirement System bought a new position in shares of Loar in the first quarter worth about $378,000. Thrive Wealth Management LLC acquired a new stake in shares of Loar in the 2nd quarter valued at approximately $3,523,000. Finally, Vanguard Group Inc. grew its holdings in shares of Loar by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 2,735,157 shares of the company’s stock valued at $193,239,000 after purchasing an additional 13,832 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on LOAR shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Loar in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Loar from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.00.

Loar Stock Down 1.0%

NYSE:LOAR opened at $79.90 on Friday. Loar Holdings Inc. has a one year low of $62.10 and a one year high of $99.67. The company has a debt-to-equity ratio of 0.25, a current ratio of 6.15 and a quick ratio of 4.01. The company has a market cap of $7.48 billion, a PE ratio of 173.69 and a beta of 0.21. The firm’s 50 day simple moving average is $76.15 and its 200 day simple moving average is $80.76.

Loar (NYSE:LOAR) last released its quarterly earnings results on Wednesday, August 13th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. The firm had revenue of $123.12 million during the quarter, compared to the consensus estimate of $122.17 million. Loar had a net margin of 9.82% and a return on equity of 5.50%. The company’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 earnings per share. Loar has set its FY 2025 guidance at 0.830-0.88 EPS. On average, research analysts anticipate 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.