Capricorn Fund Managers Ltd Sells 24,673 Shares of Loar Holdings Inc. $LOAR

Capricorn Fund Managers Ltd reduced its position in shares of Loar Holdings Inc. (NYSE:LOAR) by 35.2% in the first quarter, HoldingsChannel.com reports. The firm owned 45,327 shares of the company’s stock after selling 24,673 shares during the period. Capricorn Fund Managers Ltd’s holdings in Loar were worth $2,597,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Capital International Investors increased its holdings 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 purchasing an additional 4,019,489 shares during the period. Wasatch Advisors LP raised 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 purchasing an additional 1,953,148 shares during the last quarter. Bamco Inc. NY raised 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 purchasing an additional 1,127,033 shares during the last quarter. UBS Group AG lifted its holdings in Loar by 266.0% in the 4th quarter. UBS Group AG now owns 1,276,780 shares of the company’s stock worth $86,821,000 after buying an additional 927,908 shares during the period. Finally, Spyglass Capital Management LLC purchased a new stake in Loar in the 3rd quarter worth approximately $67,926,000.

Insiders Place Their Bets

In other Loar news, Director Taiwo K. Danmola sold 35,000 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $60.59, for a total value of $2,120,650.00. Following the completion of the transaction, the director owned 54,286 shares in the company, valued at approximately $3,289,188.74. This represents a 39.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 20.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Citigroup lifted their price objective on Loar from $71.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Jefferies Financial Group set a $75.00 target price on Loar in a report on Sunday, May 10th. Royal Bank Of Canada dropped their price target on Loar from $90.00 to $80.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. Zacks Research upgraded shares of Loar to a “hold” rating in a report on Monday, March 9th. Finally, Morgan Stanley set a $91.00 target price on shares of Loar in a research report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $86.20.

Loar Stock Performance

Loar stock opened at $80.26 on Wednesday. Loar Holdings Inc. has a fifty-two week low of $53.15 and a fifty-two week high of $85.21. The stock’s 50 day simple moving average is $64.50 and its two-hundred day simple moving average is $66.15. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.89 and a current ratio of 4.56. The stock has a market cap of $7.51 billion, a price-to-earnings ratio of 113.04 and a beta of 0.69.

Loar (NYSE:LOAR) last announced its earnings results on Thursday, May 7th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.19. The firm had revenue of $156.09 million during the quarter, compared to analyst estimates of $149.71 million. Loar had a return on equity of 8.47% and a net margin of 12.64%.The business’s revenue was up 36.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.16 EPS. Loar has set its FY 2026 guidance at 1.260-1.300 EPS. As a group, analysts expect that Loar Holdings Inc. will post 1.16 earnings per share 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.