Tudor Investment Corp ET AL Reduces Stock Position in Loar Holdings Inc. $LOAR

Tudor Investment Corp ET AL cut its holdings in Loar Holdings Inc. (NYSE:LOAR) by 57.2% during the third quarter, Holdings Channel reports. The institutional investor owned 74,132 shares of the company’s stock after selling 98,952 shares during the period. Tudor Investment Corp ET AL’s holdings in Loar were worth $5,931,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. New York State Common Retirement Fund increased its holdings in shares of Loar by 69.1% in the 3rd quarter. New York State Common Retirement Fund now owns 179,046 shares of the company’s stock valued at $14,324,000 after acquiring an additional 73,189 shares during the last quarter. Federated Hermes Inc. lifted its stake in 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 purchasing an additional 512,416 shares during the last quarter. Cerity Partners LLC acquired a new position in Loar in the second quarter valued at approximately $20,884,000. TimesSquare Capital Management LLC increased its stake in Loar by 16.8% in the third quarter. TimesSquare Capital Management LLC now owns 907,093 shares of the company’s stock valued at $72,567,000 after purchasing an additional 130,364 shares during the last quarter. Finally, Voya Investment Management LLC increased its stake in Loar by 1,627.2% in the third quarter. Voya Investment Management LLC now owns 297,196 shares of the company’s stock valued at $23,776,000 after purchasing an additional 279,989 shares during the last quarter.

Loar Trading Up 0.0%

NYSE:LOAR opened at $58.85 on Wednesday. Loar Holdings Inc. has a 12-month low of $57.67 and a 12-month high of $99.67. The company has a current ratio of 4.70, a quick ratio of 2.98 and a debt-to-equity ratio of 0.61. The stock’s 50 day simple moving average is $67.93 and its 200-day simple moving average is $71.73. The firm has a market cap of $5.51 billion, a P/E ratio of 78.46 and a beta of 0.34.

Loar (NYSE:LOAR) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.07. Loar had a net margin of 14.54% and a return on equity of 7.54%. The firm had revenue of $131.75 million for the quarter, compared to analyst estimates of $128.00 million. During the same period last year, the firm posted $0.11 EPS. Loar’s quarterly revenue was up 19.3% on a year-over-year basis. Loar has set its FY 2026 guidance at 0.760-0.800 EPS. Equities analysts anticipate that Loar Holdings Inc. will post 0.28 EPS for the current year.

Insiders Place Their Bets

In other Loar news, Director Anthony Carpenito purchased 4,750 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were purchased at an average cost of $64.97 per share, for a total transaction of $308,607.50. Following the completion of the purchase, the director directly owned 4,750 shares in the company, valued at $308,607.50. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Raja Bobbili bought 50,000 shares of Loar stock in a transaction on Thursday, March 12th. The stock was acquired at an average cost of $63.61 per share, with a total value of $3,180,500.00. Following the acquisition, the director owned 50,000 shares of the company’s stock, valued at $3,180,500. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired 173,800 shares of company stock valued at $11,327,673 over the last 90 days. 22.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

LOAR has been the subject of several recent analyst reports. Royal Bank Of Canada reduced their price objective on shares of Loar from $92.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, February 18th. Zacks Research raised shares of Loar to a “hold” rating in a research report on Monday, March 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Loar in a research note on Monday, December 29th. The Goldman Sachs Group restated a “buy” rating and issued a $98.00 price objective on shares of Loar in a research note on Thursday, February 26th. Finally, Wall Street Zen cut Loar from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Loar currently has an average rating of “Moderate Buy” and an average 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.