Loar Holdings Inc. $LOAR Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL trimmed its holdings in Loar Holdings Inc. (NYSE:LOAR) by 57.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,132 shares of the company’s stock after selling 98,952 shares during the quarter. Tudor Investment Corp ET AL owned about 0.08% of Loar worth $5,931,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. New York State Common Retirement Fund boosted its holdings in 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 purchasing an additional 73,189 shares during the last quarter. Federated Hermes Inc. raised its position in shares of Loar by 45.1% during the 2nd quarter. Federated Hermes Inc. now owns 1,649,069 shares of the company’s stock valued at $142,100,000 after buying an additional 512,416 shares during the period. Cerity Partners LLC acquired a new position in Loar in the second quarter valued at approximately $20,884,000. TimesSquare Capital Management LLC grew its position in Loar by 16.8% in the third quarter. TimesSquare Capital Management LLC now owns 907,093 shares of the company’s stock worth $72,567,000 after acquiring an additional 130,364 shares during the period. Finally, Voya Investment Management LLC increased its stake in Loar by 1,627.2% during the third quarter. Voya Investment Management LLC now owns 297,196 shares of the company’s stock worth $23,776,000 after acquiring an additional 279,989 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on LOAR shares. Royal Bank Of Canada lowered their price target on Loar from $92.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. Wall Street Zen lowered shares of Loar from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. The Goldman Sachs Group reiterated a “buy” rating and set a $98.00 price target on shares of Loar in a research report on Thursday, February 26th. Citigroup boosted their price target on shares of Loar from $81.00 to $83.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, Zacks Research raised shares of Loar to a “hold” rating in a research report on Monday, March 9th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Loar presently has a consensus rating of “Moderate Buy” and an average price target of $92.00.

Insider Buying and Selling

In other news, insider Dirkson R. Charles bought 36,434 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were purchased at an average cost of $67.45 per share, for a total transaction of $2,457,473.30. Following the completion of the purchase, the insider owned 4,087,005 shares of the company’s stock, valued at approximately $275,668,487.25. This represents a 0.90% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anthony Carpenito bought 4,750 shares of Loar stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average cost of $64.97 per share, for a total transaction of $308,607.50. Following the acquisition, the director owned 4,750 shares of the company’s stock, valued at $308,607.50. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have acquired 173,800 shares of company stock worth $11,327,673. 22.60% of the stock is owned by corporate insiders.

Loar Stock Performance

NYSE:LOAR opened at $58.85 on Wednesday. Loar Holdings Inc. has a 52 week low of $57.67 and a 52 week high of $99.67. The company has a fifty day simple moving average of $67.93 and a two-hundred day simple moving average of $71.73. The company has a quick ratio of 2.98, a current ratio of 4.70 and a debt-to-equity ratio of 0.61. The company has a market cap of $5.51 billion, a price-to-earnings ratio of 78.46 and a beta of 0.34.

Loar (NYSE:LOAR) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.07. Loar had a return on equity of 7.54% and a net margin of 14.54%.The business had revenue of $131.75 million for the quarter, compared to analysts’ expectations of $128.00 million. During the same period last year, the firm earned $0.11 earnings per share. The company’s revenue for the quarter 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, equities analysts anticipate that Loar Holdings Inc. will post 0.28 earnings per share for the current fiscal year.

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.