Sei Investments Co. Buys 11,882 Shares of Loar Holdings Inc. $LOAR

Sei Investments Co. lifted its stake in Loar Holdings Inc. (NYSE:LOAR) by 5.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 214,791 shares of the company’s stock after buying an additional 11,882 shares during the quarter. Sei Investments Co.’s holdings in Loar were worth $12,305,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital International Investors grew its stake in Loar by 61.8% during the fourth quarter. Capital International Investors now owns 7,218,814 shares of the company’s stock valued at $490,879,000 after acquiring an additional 2,757,297 shares in the last quarter. Wasatch Advisors LP boosted its holdings in shares of Loar by 14.5% during the 1st quarter. Wasatch Advisors LP now owns 3,509,014 shares of the company’s stock valued at $201,031,000 after purchasing an additional 444,049 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Loar by 39.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,533,540 shares of the company’s stock valued at $172,281,000 after purchasing an additional 711,182 shares during the last quarter. Bamco Inc. NY grew its position in shares of Loar by 17.2% during the fourth quarter. Bamco Inc. NY now owns 2,119,505 shares of the company’s stock valued at $144,126,000 after purchasing an additional 310,406 shares in the last quarter. Finally, State Street Corp grew its position in shares of Loar by 18.1% during the fourth quarter. State Street Corp now owns 1,880,955 shares of the company’s stock valued at $127,905,000 after purchasing an additional 288,095 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on LOAR shares. Citigroup lifted their target price on Loar from $71.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Jefferies Financial Group set a $75.00 price target on Loar in a research note on Sunday, May 10th. Morgan Stanley restated an “equal weight” rating and set a $82.00 price target (down from $91.00) on shares of Loar in a report on Wednesday, July 15th. Weiss Ratings raised Loar from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, July 10th. Finally, Zacks Research raised Loar from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $84.40.

Insider Buying and Selling

In other Loar news, Director Taiwo K. Danmola sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $60.59, for a total transaction of $2,120,650.00. Following the sale, the director directly owned 54,286 shares of the company’s stock, valued at $3,289,188.74. The trade was a 39.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 20.10% of the company’s stock.

Loar Stock Performance

Shares of NYSE:LOAR opened at $68.50 on Friday. The firm has a fifty day simple moving average of $70.37 and a two-hundred day simple moving average of $66.66. Loar Holdings Inc. has a 52 week low of $53.15 and a 52 week high of $83.43. The company has a quick ratio of 2.89, a current ratio of 4.56 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $6.41 billion, a P/E ratio of 96.48 and a beta of 0.47.

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