Loar Holdings Inc. $LOAR Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP lessened its stake in Loar Holdings Inc. (NYSE:LOAR) by 7.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,241,786 shares of the company’s stock after selling 267,228 shares during the quarter. Loar accounts for approximately 1.7% of Wasatch Advisors LP’s portfolio, making the stock its 12th biggest position. Wasatch Advisors LP’s holdings in Loar were worth $261,320,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in LOAR. UBS Group AG lifted its stake in Loar by 266.0% in the fourth quarter. UBS Group AG now owns 1,276,780 shares of the company’s stock worth $86,821,000 after acquiring an additional 927,908 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Loar in the 4th quarter valued at $1,836,000. Seven Grand Managers LLC raised its holdings in shares of Loar by 33.3% in the 4th quarter. Seven Grand Managers LLC now owns 100,000 shares of the company’s stock valued at $6,800,000 after purchasing an additional 25,000 shares in the last quarter. Norges Bank purchased a new stake in shares of Loar during the 4th quarter worth $46,053,000. Finally, Roubaix Capital LLC purchased a new stake in shares of Loar during the 1st quarter worth $5,292,000.

Insider Buying and Selling

In related news, Director Taiwo K. Danmola sold 35,000 shares of the stock in a transaction on 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 completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 20.10% of the stock is currently owned by company insiders.

Loar Trading Up 3.5%

LOAR opened at $73.09 on Wednesday. The company has a quick ratio of 3.24, a current ratio of 4.91 and a debt-to-equity ratio of 0.79. Loar Holdings Inc. has a 52 week low of $53.15 and a 52 week high of $83.43. The business’s 50 day moving average is $71.71 and its two-hundred day moving average is $66.61. The firm has a market cap of $6.85 billion, a price-to-earnings ratio of 101.52 and a beta of 0.57.

Loar (NYSE:LOAR) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.07. The business had revenue of $171.58 million during the quarter, compared to the consensus estimate of $162.80 million. Loar had a return on equity of 9.37% and a net margin of 11.60%.The company’s revenue was up 39.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.23 earnings per share. Loar has set its FY 2026 guidance at 1.320-1.360 EPS. On average, research analysts predict that Loar Holdings Inc. will post 1.16 EPS for the current year.

Analyst Ratings Changes

LOAR has been the topic of several recent analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a $88.00 target price on shares of Loar in a report on Sunday. Citigroup increased their price objective on Loar from $71.00 to $87.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Weiss Ratings upgraded Loar from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, July 10th. Morgan Stanley reiterated an “equal weight” rating and issued a $82.00 price target (down from $91.00) on shares of Loar in a research note on Wednesday, July 15th. Finally, Zacks Research cut shares of Loar from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $88.00.

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.