Envestnet Asset Management Inc. Raises Holdings in Loar Holdings Inc. $LOAR

Envestnet Asset Management Inc. grew its holdings in Loar Holdings Inc. (NYSE:LOAR) by 40.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,063 shares of the company’s stock after buying an additional 6,065 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Loar were worth $1,815,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its holdings in Loar by 5.3% in the first quarter. Bank of New York Mellon Corp now owns 87,621 shares of the company’s stock valued at $6,190,000 after acquiring an additional 4,430 shares during the period. Arizona State Retirement System acquired a new stake in shares of Loar in the first quarter valued at about $378,000. Victory Capital Management Inc. boosted its holdings in Loar by 16.4% during the first quarter. Victory Capital Management Inc. now owns 9,777 shares of the company’s stock worth $691,000 after buying an additional 1,379 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Loar by 0.3% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 40,436 shares of the company’s stock worth $2,857,000 after buying an additional 139 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Loar during the first quarter worth about $254,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LOAR. Morgan Stanley decreased their price target on Loar from $100.00 to $97.00 and set an “overweight” rating on the stock in a research note on Thursday, November 13th. Zacks Research raised Loar from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. Wall Street Zen raised Loar from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Loar in a research 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $96.00.

Loar Stock Up 2.3%

LOAR opened at $65.28 on Wednesday. The firm has a market cap of $6.11 billion, a P/E ratio of 98.91 and a beta of 0.19. The business’s fifty day simple moving average is $77.70 and its 200 day simple moving average is $79.16. Loar Holdings Inc. has a 52 week low of $62.10 and a 52 week high of $99.67. The company has a quick ratio of 3.81, a current ratio of 5.92 and a debt-to-equity ratio of 0.24.

Loar (NYSE:LOAR) last released its earnings results on Wednesday, November 12th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.13. Loar had a net margin of 13.33% and a return on equity of 6.45%. The company had revenue of $126.75 million for the quarter, compared to analyst estimates of $126.80 million. During the same period in the prior year, the firm earned $0.15 EPS. The firm’s quarterly revenue was up 22.5% on a year-over-year basis. Loar has set its FY 2026 guidance at 0.980-1.03 EPS. FY 2025 guidance at 0.930-0.980 EPS. As a group, equities research analysts anticipate that Loar Holdings Inc. will post 0.28 EPS for the current fiscal 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.