Dimensional Fund Advisors LP Acquires 110,864 Shares of Loar Holdings Inc. $LOAR

Dimensional Fund Advisors LP raised its holdings in shares of Loar Holdings Inc. (NYSE:LOAR) by 17.4% in the first quarter, Holdings Channel reports. The institutional investor owned 747,351 shares of the company’s stock after buying an additional 110,864 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Loar were worth $42,806,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Capital International Investors increased its position in Loar by 61.8% during the fourth quarter. Capital International Investors now owns 7,218,814 shares of the company’s stock worth $490,879,000 after acquiring an additional 2,757,297 shares during the period. Wasatch Advisors LP raised its stake in 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 Loar by 39.0% in 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 period. Bamco Inc. NY boosted its holdings in Loar by 17.2% in the 4th 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 during the period. Finally, State Street Corp grew its position in Loar by 18.1% in the 4th quarter. State Street Corp now owns 1,880,955 shares of the company’s stock worth $127,905,000 after purchasing an additional 288,095 shares during the last quarter.

Insider Activity

In related news, Director Taiwo K. Danmola sold 35,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $60.59, for a total transaction of $2,120,650.00. Following the transaction, the director owned 54,286 shares in the company, valued at $3,289,188.74. This represents a 39.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 20.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on LOAR shares. Jefferies Financial Group set a $75.00 price objective on shares of Loar in a report on Sunday, May 10th. Royal Bank Of Canada decreased their target price on Loar from $90.00 to $80.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th. Morgan Stanley restated an “equal weight” rating and set a $82.00 price target (down from $91.00) on shares of Loar in a research note on Wednesday, July 15th. Weiss Ratings raised Loar from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, July 10th. Finally, Citigroup raised 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. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $84.40.

Loar Stock Performance

NYSE:LOAR opened at $71.94 on Tuesday. Loar Holdings Inc. has a 1 year low of $53.15 and a 1 year high of $83.43. The firm has a 50 day moving average of $70.57 and a 200-day moving average of $66.62. The company has a current ratio of 4.56, a quick ratio of 2.89 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $6.74 billion, a P/E ratio of 101.33 and a beta of 0.57.

Loar (NYSE:LOAR) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $149.71 million. Loar had a return on equity of 8.47% and a net margin of 12.64%.The business’s revenue for the quarter was up 36.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS. Loar has set its FY 2026 guidance at 1.260-1.300 EPS. As a group, sell-side analysts anticipate that Loar Holdings Inc. will post 1.16 EPS for the current fiscal year.

Loar 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.