WINTON GROUP Ltd Acquires Shares of 18,600 Loar Holdings Inc. $LOAR

WINTON GROUP Ltd bought a new position in shares of Loar Holdings Inc. (NYSE:LOAR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 18,600 shares of the company’s stock, valued at approximately $1,499,000.

Several other hedge funds also recently made changes to their positions in LOAR. California State Teachers Retirement System raised its position in shares of Loar by 7,691.6% in the second quarter. California State Teachers Retirement System now owns 3,144,677 shares of the company’s stock valued at $253,492,000 after buying an additional 3,104,317 shares in the last quarter. Capital International Investors boosted its stake in shares of Loar by 61.8% in the fourth quarter. Capital International Investors now owns 7,218,814 shares of the company’s stock valued at $490,879,000 after buying an additional 2,757,297 shares during the period. Wasatch Advisors LP grew its position in Loar by 290.9% during the second quarter. Wasatch Advisors LP now owns 2,624,649 shares of the company’s stock worth $226,166,000 after buying an additional 1,953,148 shares in the last quarter. Bank of New York Mellon Corp grew its position in Loar by 837.1% during the first quarter. Bank of New York Mellon Corp now owns 933,216 shares of the company’s stock worth $53,464,000 after buying an additional 833,626 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in Loar by 98.0% during the 2nd quarter. Alliancebernstein L.P. now owns 1,520,064 shares of the company’s stock worth $130,984,000 after acquiring an additional 752,201 shares during the period.

Loar Stock Up 2.4%

NYSE LOAR opened at $66.34 on Friday. The business has a fifty day moving average price of $71.76 and a two-hundred day moving average price of $67.31. The stock has a market capitalization of $6.22 billion, a PE ratio of 92.13 and a beta of 0.56. Loar Holdings Inc. has a fifty-two week low of $53.15 and a fifty-two week high of $83.43. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.91 and a quick ratio of 3.24.

Loar (NYSE:LOAR) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.07. Loar had a return on equity of 9.37% and a net margin of 11.60%.The company had revenue of $171.58 million for the quarter, compared to analyst estimates of $162.80 million. During the same quarter last year, the company posted $0.23 EPS. The company’s revenue for the quarter was up 39.4% compared to the same quarter last year. Loar has set its FY 2026 guidance at 1.320-1.360 EPS. Equities analysts expect that Loar Holdings Inc. will post 1.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Royal Bank Of Canada lifted their price objective on Loar from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Zacks Research upgraded Loar from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd. Weiss Ratings raised shares of Loar from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 10th. Citigroup increased their price objective on shares of Loar from $71.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $88.00 target price on shares of Loar in a report on Sunday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $88.00.

About Loar

Loar Holdings Inc is an aerospace and defense manufacturing company that designs, manufactures and sells highly engineered, mission-critical components and systems. Its products are used in commercial aerospace, business aviation, defense, space and select industrial applications, where reliability, performance and regulatory compliance are essential.

The company’s product portfolio includes engineered elastomeric and vibration-control components, thermal and acoustic management products, specialized sensors, electronic components, and other customized systems.