Loar Holdings Inc. $LOAR Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC trimmed its holdings in shares of Loar Holdings Inc. (NYSE:LOAR) by 4.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 174,323 shares of the company’s stock after selling 9,032 shares during the period. Segall Bryant & Hamill LLC’s holdings in Loar were worth $9,987,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the business. Royal Bank of Canada grew its holdings in Loar by 7.6% during the first quarter. Royal Bank of Canada now owns 15,310 shares of the company’s stock worth $1,082,000 after acquiring an additional 1,081 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Loar by 10.1% in the first quarter. Goldman Sachs Group Inc. now owns 538,592 shares of the company’s stock valued at $38,052,000 after acquiring an additional 49,629 shares during the period. Prudential Financial Inc. acquired a new stake in Loar in the second quarter valued at $245,000. Russell Investments Group Ltd. purchased a new stake in shares of Loar during the 2nd quarter worth $945,000. Finally, WINTON GROUP Ltd purchased a new stake in shares of Loar during the 2nd quarter worth $204,000.

Insider Activity at Loar

In related news, Director Taiwo K. Danmola sold 35,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $60.59, for a total transaction 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. This represents a 39.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 20.10% of the stock is currently owned by company insiders.

Loar Price Performance

LOAR stock opened at $68.50 on Monday. The stock’s 50 day moving average price is $70.37 and its 200 day moving average price is $66.62. The firm has a market cap of $6.41 billion, a P/E ratio of 96.48 and a beta of 0.47. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.89 and a current ratio of 4.56. Loar Holdings Inc. has a 1 year low of $53.15 and a 1 year high of $83.43.

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

Analyst Ratings Changes

LOAR has been the subject of a number of research analyst reports. Zacks Research upgraded shares of Loar from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Royal Bank Of Canada decreased their price objective on shares of Loar from $90.00 to $80.00 and set an “outperform” rating on the stock in a report on Friday, May 8th. Weiss Ratings raised shares of Loar from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, July 10th. Morgan Stanley reiterated an “equal weight” rating and set a $82.00 price target (down from $91.00) on shares of Loar in a research report on Wednesday, July 15th. Finally, Citigroup lifted their price objective on Loar from $71.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $84.40.

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.