Readystate Asset Management LP Makes New Investment in Loar Holdings Inc. $LOAR

Readystate Asset Management LP purchased a new position in shares of Loar Holdings Inc. (NYSE:LOAR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,000 shares of the company’s stock, valued at approximately $1,432,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in LOAR. Captrust Financial Advisors lifted its stake in Loar by 1.8% in the second quarter. Captrust Financial Advisors now owns 12,147 shares of the company’s stock worth $1,047,000 after acquiring an additional 214 shares during the period. Xponance LLC increased its position in Loar by 4.2% during the 4th quarter. Xponance LLC now owns 5,989 shares of the company’s stock valued at $407,000 after purchasing an additional 240 shares during the period. Federation des caisses Desjardins du Quebec increased its position in Loar by 16.8% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,727 shares of the company’s stock valued at $117,000 after purchasing an additional 248 shares during the period. Rakuten Securities Inc. bought a new stake in shares of Loar in the 2nd quarter valued at about $27,000. Finally, Natixis Advisors LLC raised its holdings in shares of Loar by 3.4% in the 3rd quarter. Natixis Advisors LLC now owns 11,322 shares of the company’s stock valued at $906,000 after purchasing an additional 370 shares in the last quarter.

Loar Stock Down 6.9%

NYSE:LOAR opened at $66.67 on Thursday. The company has a current ratio of 4.56, a quick ratio of 2.89 and a debt-to-equity ratio of 0.80. Loar Holdings Inc. has a twelve month low of $53.15 and a twelve month high of $83.43. The company has a market cap of $6.24 billion, a PE ratio of 93.90 and a beta of 0.47. The company’s 50 day moving average is $70.12 and its two-hundred day moving average is $66.68.

Loar (NYSE:LOAR) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.34 earnings per share (EPS) for the quarter, topping 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 business had revenue of $156.09 million during the quarter, compared to analysts’ expectations of $149.71 million. During the same quarter last year, the company posted $0.16 earnings per share. The business’s quarterly 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 anticipate that Loar Holdings Inc. will post 1.16 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Zacks Research raised shares of Loar from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Royal Bank Of Canada reduced their price objective on shares of Loar from $90.00 to $80.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. Weiss Ratings upgraded 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 Loar in a report on Sunday, May 10th. Finally, Citigroup increased their target price on Loar from $71.00 to $87.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $84.40.

Insider Activity

In related news, Director Taiwo K. Danmola sold 35,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $60.59, for a total value of $2,120,650.00. Following the transaction, the director directly owned 54,286 shares of the company’s stock, valued at $3,289,188.74. This represents a 39.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.10% of the stock is currently owned by insiders.

Loar Company 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.