Segall Bryant & Hamill LLC Buys 97,891 Shares of Loar Holdings Inc. $LOAR

Segall Bryant & Hamill LLC grew its stake in Loar Holdings Inc. (NYSE:LOAR) by 126.7% during the third quarter, HoldingsChannel reports. The firm owned 175,152 shares of the company’s stock after buying an additional 97,891 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Loar were worth $14,012,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wasatch Advisors LP increased 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 worth $226,166,000 after purchasing an additional 1,953,148 shares in the last quarter. State Street Corp grew its stake in shares of Loar by 66.3% during the second quarter. State Street Corp now owns 1,660,474 shares of the company’s stock worth $143,083,000 after buying an additional 662,224 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of Loar by 45.1% during the second quarter. Federated Hermes Inc. now owns 1,649,069 shares of the company’s stock worth $142,100,000 after buying an additional 512,416 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of Loar by 98.0% in the 2nd quarter. Alliancebernstein L.P. now owns 1,520,064 shares of the company’s stock valued at $130,984,000 after acquiring an additional 752,201 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of Loar by 2,104.8% during the 2nd quarter. Marshall Wace LLP now owns 1,386,318 shares of the company’s stock valued at $119,459,000 after acquiring an additional 1,323,442 shares in the last quarter.

Loar Price Performance

Loar stock opened at $72.62 on Wednesday. The stock’s 50 day moving average is $69.21 and its 200 day moving average is $72.39. Loar Holdings Inc. has a one year low of $62.10 and a one year high of $99.67. The firm has a market cap of $6.80 billion, a P/E ratio of 96.83 and a beta of 0.34. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.92 and a quick ratio of 3.81.

Loar (NYSE:LOAR) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.07. Loar had a net margin of 14.54% and a return on equity of 7.62%. The firm had revenue of $131.75 million during the quarter, compared to analyst estimates of $128.00 million. During the same quarter last year, the business earned $0.11 EPS. The company’s revenue was up 19.3% compared to the same quarter last year. Loar has set its FY 2026 guidance at 0.760-0.800 EPS. As a group, research analysts expect that Loar Holdings Inc. will post 0.28 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on LOAR. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $98.00 target price on shares of Loar in a report on Thursday, February 26th. Morgan Stanley reduced their price target on Loar from $100.00 to $97.00 and set an “overweight” rating on the stock in a report on Thursday, November 13th. Citigroup raised their price objective on shares of Loar from $81.00 to $83.00 and gave the company a “buy” rating in a report on Monday. Wall Street Zen downgraded shares of Loar from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Loar in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Loar presently has a consensus rating of “Buy” and a consensus price target of $92.00.

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.