Sterling Capital Management LLC Sells 7,751 Shares of Loar Holdings Inc. $LOAR

Sterling Capital Management LLC cut its holdings in Loar Holdings Inc. (NYSE:LOAR) by 30.8% during the 1st quarter, HoldingsChannel reports. The fund owned 17,424 shares of the company’s stock after selling 7,751 shares during the quarter. Sterling Capital Management LLC’s holdings in Loar were worth $998,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Capricorn Fund Managers Ltd bought a new stake in Loar in the fourth quarter worth approximately $4,760,000. UBS Group AG boosted its holdings in shares of Loar by 266.0% during the 4th quarter. UBS Group AG now owns 1,276,780 shares of the company’s stock worth $86,821,000 after buying an additional 927,908 shares in the last quarter. WINTON GROUP Ltd bought a new position in shares of Loar during the 4th quarter worth approximately $1,836,000. Seven Grand Managers LLC grew its position in shares of Loar by 33.3% during the 4th quarter. Seven Grand Managers LLC now owns 100,000 shares of the company’s stock worth $6,800,000 after buying an additional 25,000 shares during the period. Finally, Riverbridge Partners LLC acquired a new stake in shares of Loar during the 4th quarter worth approximately $18,839,000.

Insider Transactions at Loar

In other news, Director Taiwo K. Danmola sold 35,000 shares of the stock in a transaction dated 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 sale, the director directly 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 can be accessed through the SEC website. Company insiders own 20.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on LOAR. Citigroup lifted their price target on shares of Loar from $71.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Zacks Research raised shares of Loar to a “hold” rating in a research report on Monday, March 9th. Royal Bank Of Canada reduced their target price on Loar from $90.00 to $80.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. Jefferies Financial Group set a $75.00 target price on Loar in a research report on Sunday, May 10th. Finally, Weiss Ratings downgraded Loar from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Loar currently has an average rating of “Moderate Buy” and a consensus price target of $86.20.

Loar Price Performance

LOAR opened at $80.26 on Wednesday. Loar Holdings Inc. has a fifty-two week low of $53.15 and a fifty-two week high of $85.21. The firm has a 50-day moving average of $64.50 and a 200 day moving average of $66.15. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.89 and a current ratio of 4.56. The firm has a market cap of $7.51 billion, a P/E ratio of 113.04 and a beta of 0.69.

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