Federated Hermes Inc. Sells 109,930 Shares of Loar Holdings Inc. $LOAR

Federated Hermes Inc. decreased its position in Loar Holdings Inc. (NYSE:LOAR) by 6.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,539,139 shares of the company’s stock after selling 109,930 shares during the period. Federated Hermes Inc. owned approximately 1.64% of Loar worth $123,131,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Truist Financial Corp raised its holdings in Loar by 66.1% in the third quarter. Truist Financial Corp now owns 4,363 shares of the company’s stock worth $349,000 after buying an additional 1,737 shares during the last quarter. Covestor Ltd raised its holdings in Loar by 26.9% in the 3rd quarter. Covestor Ltd now owns 1,900 shares of the company’s stock worth $152,000 after acquiring an additional 403 shares during the last quarter. Amalgamated Bank lifted its position in Loar by 7.1% in the 3rd quarter. Amalgamated Bank now owns 3,059 shares of the company’s stock valued at $245,000 after acquiring an additional 204 shares in the last quarter. Rakuten Securities Inc. boosted its stake in Loar by 677.4% during the 3rd quarter. Rakuten Securities Inc. now owns 2,410 shares of the company’s stock valued at $193,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Forum Financial Management LP boosted its stake in Loar by 18.1% during the 3rd quarter. Forum Financial Management LP now owns 2,913 shares of the company’s stock valued at $233,000 after purchasing an additional 447 shares during the last quarter.

Analyst Upgrades and Downgrades

LOAR has been the topic of a number of research analyst reports. Wall Street Zen downgraded Loar from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Loar in a research note on Monday, December 29th. Zacks Research upgraded shares of Loar from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. The Goldman Sachs Group started coverage on shares of Loar in a research report on Tuesday, November 25th. They set a “buy” rating and a $91.00 price objective on the stock. Finally, Citigroup raised their target price on shares of Loar from $83.00 to $87.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $91.75.

Loar Stock Performance

NYSE:LOAR opened at $70.80 on Wednesday. The stock has a 50-day simple moving average of $69.54 and a two-hundred day simple moving average of $73.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.81 and a current ratio of 5.92. Loar Holdings Inc. has a 52-week low of $62.10 and a 52-week high of $99.67. The firm has a market capitalization of $6.63 billion, a PE ratio of 107.27 and a beta of 0.37.

Loar (NYSE:LOAR) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.13. The firm had revenue of $126.75 million for the quarter, compared to analysts’ expectations of $126.80 million. Loar had a return on equity of 6.45% and a net margin of 13.33%.The business’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 EPS. Loar has set its FY 2026 guidance at 0.980-1.03 EPS and its FY 2025 guidance at 0.930-0.980 EPS. Analysts forecast that Loar Holdings Inc. will post 0.28 EPS for the current 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.