Intech Investment Management LLC Buys New Shares in Loar Holdings Inc. $LOAR

Intech Investment Management LLC purchased a new position in Loar Holdings Inc. (NYSE:LOAR) in the second quarter, HoldingsChannel.com reports. The firm purchased 4,560 shares of the company’s stock, valued at approximately $393,000.

Other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its position in shares of Loar by 390.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 348 shares of the company’s stock valued at $30,000 after buying an additional 277 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Loar by 5,286.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 808 shares of the company’s stock worth $57,000 after acquiring an additional 793 shares during the period. KBC Group NV purchased a new position in Loar during the second quarter valued at approximately $82,000. MetLife Investment Management LLC boosted its position in shares of Loar by 16.1% in the first quarter. MetLife Investment Management LLC now owns 2,014 shares of the company’s stock worth $142,000 after purchasing an additional 279 shares during the period. Finally, Nvwm LLC bought a new position in shares of Loar in the second quarter worth approximately $154,000.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Zacks Research upgraded shares of Loar from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Morgan Stanley decreased their price target on Loar from $100.00 to $97.00 and set an “overweight” rating on the stock in a report on Thursday, November 13th. The Goldman Sachs Group initiated coverage on Loar in a research note on Tuesday. They issued a “buy” rating and a $91.00 price objective for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Loar in a research report on Tuesday. Finally, Wall Street Zen raised Loar from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. One research 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 MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $94.75.

Loar Price Performance

NYSE:LOAR opened at $68.45 on Friday. The firm has a market capitalization of $6.41 billion, a price-to-earnings ratio of 103.71 and a beta of 0.19. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.92 and a quick ratio of 3.81. The business has a 50 day simple moving average of $75.69 and a 200-day simple moving average of $77.59. Loar Holdings Inc. has a 1 year low of $62.10 and a 1 year high of $99.67.

Loar (NYSE:LOAR) last released its earnings results on Wednesday, November 12th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.13. The firm had revenue of $126.75 million for the quarter, compared to the consensus estimate of $126.80 million. Loar had a return on equity of 6.45% and a net margin of 13.33%.The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. Loar has set its FY 2026 guidance at 0.980-1.03 EPS. FY 2025 guidance at 0.930-0.980 EPS. Equities analysts forecast 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.