Wasatch Advisors LP Trims Stake in Loar Holdings Inc. $LOAR

Wasatch Advisors LP lessened its holdings in Loar Holdings Inc. (NYSE:LOAR) by 7.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,241,786 shares of the company’s stock after selling 267,228 shares during the period. Loar makes up 1.7% of Wasatch Advisors LP’s investment portfolio, making the stock its 12th largest position. Wasatch Advisors LP owned 3.46% of Loar worth $261,320,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Captrust Financial Advisors raised its holdings in Loar by 1.8% in the 2nd quarter. Captrust Financial Advisors now owns 12,147 shares of the company’s stock valued at $1,047,000 after buying an additional 214 shares during the period. Xponance LLC lifted its position in Loar by 4.2% in the fourth quarter. Xponance LLC now owns 5,989 shares of the company’s stock valued at $407,000 after buying an additional 240 shares during the last quarter. Federation des caisses Desjardins du Quebec boosted its stake in Loar by 16.8% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,727 shares of the company’s stock worth $117,000 after buying an additional 248 shares during the period. Rakuten Securities Inc. purchased a new position in Loar during the second quarter worth about $27,000. Finally, Natixis Advisors LLC increased its position in shares of Loar by 3.4% during the third quarter. Natixis Advisors LLC now owns 11,322 shares of the company’s stock valued at $906,000 after acquiring an additional 370 shares during the last quarter.

Wall Street Analysts Forecast Growth

LOAR has been the topic of a number of research analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a $88.00 price target on shares of Loar in a research note on Sunday. Zacks Research cut shares of Loar from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada lifted their target price on shares of Loar from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Morgan Stanley restated an “equal weight” rating and set a $82.00 price target (down from $91.00) on shares of Loar in a research note on Wednesday, July 15th. Finally, Citigroup upped their price target on Loar from $71.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $88.00.

Insider Transactions at Loar

In other Loar news, Director Taiwo K. Danmola sold 35,000 shares of the firm’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 value of $2,120,650.00. Following the completion of the transaction, the director owned 54,286 shares of the company’s stock, valued at $3,289,188.74. This trade represents a 39.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 20.10% of the stock is currently owned by company insiders.

Loar Stock Up 3.5%

Shares of NYSE:LOAR opened at $73.09 on Wednesday. The firm has a market capitalization of $6.85 billion, a PE ratio of 101.52 and a beta of 0.57. Loar Holdings Inc. has a 1 year low of $53.15 and a 1 year 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. The firm’s 50-day moving average is $71.71 and its two-hundred day moving average is $66.61.

Loar (NYSE:LOAR) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.31 by $0.07. The business had revenue of $171.58 million during the quarter, compared to analyst estimates of $162.80 million. Loar had a net margin of 11.60% and a return on equity of 9.37%. The business’s revenue for the quarter was up 39.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 earnings per share. Loar has set its FY 2026 guidance at 1.320-1.360 EPS. Analysts predict that Loar Holdings Inc. will post 1.16 EPS for the current year.

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.