Nvwm LLC Invests $154,000 in Loar Holdings Inc. $LOAR

Nvwm LLC bought a new stake in shares of Loar Holdings Inc. (NYSE:LOAR) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 1,788 shares of the company’s stock, valued at approximately $154,000.

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Wall Street Zen upgraded Loar from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Zacks Research raised Loar from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Loar in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $97.00.

Loar Trading Down 0.6%

Shares of NYSE LOAR opened at $74.51 on Friday. The company’s 50 day simple moving average is $78.43 and its 200 day simple moving average is $80.47. Loar Holdings Inc. has a fifty-two week low of $62.10 and a fifty-two week high of $99.67. The firm has a market capitalization of $6.98 billion, a P/E ratio of 161.98 and a beta of 0.19. The company has a debt-to-equity ratio of 0.25, a current ratio of 6.15 and a quick ratio of 4.01.

Loar (NYSE:LOAR) last released its earnings results on Wednesday, August 13th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The firm had revenue of $123.12 million during the quarter, compared to analyst estimates of $122.17 million. Loar had a net margin of 9.82% and a return on equity of 5.50%. The business’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.13 EPS. Loar has set its FY 2025 guidance at 0.830-0.88 EPS. On average, analysts predict that Loar Holdings Inc. will post 0.28 EPS for the current year.

About Loar

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.