Renaissance Capital LLC Buys 11,572 Shares of Loar Holdings Inc. $LOAR

Renaissance Capital LLC boosted its position in shares of Loar Holdings Inc. (NYSE:LOAR) by 27.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 54,186 shares of the company’s stock after purchasing an additional 11,572 shares during the quarter. Loar makes up approximately 2.4% of Renaissance Capital LLC’s investment portfolio, making the stock its 16th biggest position. Renaissance Capital LLC’s holdings in Loar were worth $4,335,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wasatch Advisors LP lifted its stake in shares of Loar by 290.9% during the second quarter. Wasatch Advisors LP now owns 2,624,649 shares of the company’s stock valued at $226,166,000 after acquiring an additional 1,953,148 shares during the period. Marshall Wace LLP lifted its position in Loar by 2,104.8% during the 2nd quarter. Marshall Wace LLP now owns 1,386,318 shares of the company’s stock valued at $119,459,000 after purchasing an additional 1,323,442 shares during the period. Norges Bank acquired a new position in Loar during the 2nd quarter valued at about $72,023,000. Alliancebernstein L.P. grew its position in shares of 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 buying an additional 752,201 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Loar during the 2nd quarter worth approximately $57,607,000.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LOAR. Zacks Research raised shares of Loar from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. Citigroup started coverage on Loar in a research report on Thursday, December 11th. They issued a “buy” rating and a $83.00 price target on the stock. Morgan Stanley dropped their price objective on Loar from $100.00 to $97.00 and set an “overweight” rating for the company in a report on Thursday, November 13th. The Goldman Sachs Group initiated coverage on Loar in a report on Tuesday, November 25th. They set a “buy” rating and a $91.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Loar in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $90.75.

Loar Stock Up 0.4%

NYSE:LOAR opened at $68.57 on Wednesday. Loar Holdings Inc. has a 1 year low of $62.10 and a 1 year high of $99.67. The stock has a 50-day moving average price of $70.85 and a two-hundred day moving average price of $74.84. The stock has a market cap of $6.42 billion, a price-to-earnings ratio of 103.89 and a beta of 0.36. The company has a current ratio of 5.92, a quick ratio of 3.81 and a debt-to-equity ratio of 0.24.

Loar (NYSE:LOAR) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.13. Loar had a return on equity of 6.45% and a net margin of 13.33%.The business had revenue of $126.75 million for the quarter, compared to analysts’ expectations of $126.80 million. During the same quarter in the previous year, the business posted $0.15 EPS. Loar’s revenue for the quarter was up 22.5% on a year-over-year basis. Loar has set its FY 2026 guidance at 0.980-1.03 EPS and its FY 2025 guidance at 0.930-0.980 EPS. As a group, equities analysts expect that Loar Holdings Inc. will post 0.28 earnings per share for the current year.

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.