Public Employees Retirement System of Ohio Has $3.85 Million Stock Holdings in Loar Holdings Inc. $LOAR

Public Employees Retirement System of Ohio boosted its position in Loar Holdings Inc. (NYSE:LOAR) by 17.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 67,219 shares of the company’s stock after acquiring an additional 10,187 shares during the period. Public Employees Retirement System of Ohio’s holdings in Loar were worth $3,851,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. bought a new stake in Loar during the 2nd quarter worth about $27,000. Fifth Third Bancorp bought a new position in shares of Loar in the 4th quarter valued at about $28,000. Sunbelt Securities Inc. boosted its stake in shares of Loar by 238.3% in the 4th quarter. Sunbelt Securities Inc. now owns 592 shares of the company’s stock valued at $40,000 after purchasing an additional 417 shares during the last quarter. Danske Bank A S acquired a new stake in shares of Loar during the 4th quarter worth approximately $62,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Loar by 347.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 970 shares of the company’s stock worth $84,000 after buying an additional 753 shares during the period.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LOAR. Weiss Ratings upgraded shares of Loar from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, July 10th. Jefferies Financial Group set a $75.00 target price on shares of Loar in a report on Sunday, May 10th. Citigroup upped their target price on shares of Loar from $71.00 to $87.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Zacks Research raised Loar from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $82.00 price objective (down from $91.00) on shares of Loar in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $84.40.

Insider Buying and Selling

In other Loar news, Director Taiwo K. Danmola sold 35,000 shares of Loar stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $60.59, for a total value of $2,120,650.00. Following the transaction, the director owned 54,286 shares of the company’s stock, valued at approximately $3,289,188.74. The trade was a 39.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 20.10% of the company’s stock.

Loar Stock Up 2.9%

NYSE:LOAR opened at $68.47 on Friday. Loar Holdings Inc. has a 1 year low of $53.15 and a 1 year high of $83.43. The company has a current ratio of 4.56, a quick ratio of 2.89 and a debt-to-equity ratio of 0.80. The stock has a market cap of $6.41 billion, a price-to-earnings ratio of 96.44 and a beta of 0.47. The stock has a 50-day moving average price of $70.24 and a two-hundred day moving average price of $66.65.

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