Seven Grand Managers LLC Has $6.80 Million Stock Position in Loar Holdings Inc. $LOAR

Seven Grand Managers LLC lifted its holdings in shares of Loar Holdings Inc. (NYSE:LOAR) by 33.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 100,000 shares of the company’s stock after purchasing an additional 25,000 shares during the quarter. Seven Grand Managers LLC’s holdings in Loar were worth $6,800,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of LOAR. Rakuten Securities Inc. acquired a new position in Loar in the 2nd quarter valued at $27,000. Fifth Third Bancorp acquired a new position in Loar in the 4th quarter valued at $28,000. PNC Financial Services Group Inc. grew its stake in Loar by 122.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 774 shares of the company’s stock valued at $62,000 after buying an additional 426 shares during the last quarter. Danske Bank A S acquired a new position in Loar in the 4th quarter valued at $62,000. Finally, Farther Finance Advisors LLC grew its stake in Loar by 104.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,042 shares of the company’s stock valued at $71,000 after buying an additional 533 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on LOAR shares. Morgan Stanley set a $91.00 target price on shares of Loar in a research note on Friday, May 8th. Royal Bank Of Canada lowered their target price on shares of Loar from $90.00 to $80.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. Zacks Research upgraded shares of Loar to a “hold” rating in a research note on Monday, March 9th. Citigroup lowered their target price on shares of Loar from $83.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $98.00 target price on shares of Loar in a research note on Thursday, February 26th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.00.

Insider Transactions at Loar

In related news, Director Raja Bobbili purchased 50,000 shares of Loar stock in a transaction on Thursday, March 12th. The stock was purchased at an average cost of $63.61 per share, with a total value of $3,180,500.00. Following the acquisition, the director directly owned 50,000 shares in the company, valued at approximately $3,180,500. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Paul S. Levy purchased 75,000 shares of Loar stock in a transaction on Friday, March 13th. The stock was bought at an average cost of $64.90 per share, with a total value of $4,867,500.00. Following the completion of the acquisition, the director owned 8,087,580 shares in the company, valued at approximately $524,883,942. This trade represents a 0.94% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders purchased 173,800 shares of company stock worth $11,327,673. 20.10% of the stock is currently owned by insiders.

Loar Price Performance

Shares of Loar stock opened at $62.33 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.56 and a quick ratio of 2.89. Loar Holdings Inc. has a fifty-two week low of $53.15 and a fifty-two week high of $91.19. The firm has a fifty day moving average price of $60.66 and a two-hundred day moving average price of $65.96. The company has a market cap of $5.83 billion, a PE ratio of 87.78 and a beta of 0.55.

Loar (NYSE:LOAR) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.19. Loar had a net margin of 12.64% and a return on equity of 8.47%. The firm had revenue of $156.09 million during the quarter, compared to the consensus estimate of $149.71 million. During the same period in the prior year, the firm earned $0.16 EPS. The business’s revenue was up 36.1% on a year-over-year basis. Loar has set its FY 2026 guidance at 1.260-1.300 EPS. Analysts expect that Loar Holdings Inc. will post 1.16 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.