Wellington Management Group LLP Acquires 514,061 Shares of Loar Holdings Inc. $LOAR

Wellington Management Group LLP raised its holdings in Loar Holdings Inc. (NYSE:LOAR) by 14.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,063,339 shares of the company’s stock after buying an additional 514,061 shares during the quarter. Wellington Management Group LLP’s holdings in Loar were worth $327,546,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LOAR. Capital International Investors increased its position in Loar by 61.8% in the 4th quarter. Capital International Investors now owns 7,218,814 shares of the company’s stock worth $490,879,000 after buying an additional 2,757,297 shares during the period. Wasatch Advisors LP boosted its position in shares of Loar by 290.9% in 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. UBS Group AG boosted its position in shares of Loar by 266.0% in the fourth quarter. UBS Group AG now owns 1,276,780 shares of the company’s stock valued at $86,821,000 after acquiring an additional 927,908 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Loar by 837.1% in the first quarter. Bank of New York Mellon Corp now owns 933,216 shares of the company’s stock worth $53,464,000 after acquiring an additional 833,626 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Loar by 98.0% in the second quarter. Alliancebernstein L.P. now owns 1,520,064 shares of the company’s stock worth $130,984,000 after acquiring an additional 752,201 shares during the last quarter.

Loar Stock Performance

LOAR opened at $71.87 on Monday. The stock has a market cap of $6.73 billion, a PE ratio of 99.82 and a beta of 0.57. The company has a current ratio of 4.91, a quick ratio of 3.24 and a debt-to-equity ratio of 0.79. Loar Holdings Inc. has a 1 year low of $53.15 and a 1 year high of $83.43. The stock’s 50 day simple moving average is $73.70 and its 200-day simple moving average is $67.14.

Loar (NYSE:LOAR) last issued its earnings results on Thursday, August 6th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.31 by $0.07. Loar had a return on equity of 9.37% and a net margin of 11.60%.The firm had revenue of $171.58 million during the quarter, compared to analysts’ expectations of $162.80 million. During the same period last year, the business earned $0.23 earnings per share. Loar’s quarterly revenue was up 39.4% compared to the same quarter last year. Loar has set its FY 2026 guidance at 1.320-1.360 EPS. Sell-side analysts forecast that Loar Holdings Inc. will post 1.2 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LOAR. Zacks Research lowered shares of Loar from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Citigroup raised their price target on shares of Loar from $71.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Weiss Ratings upgraded shares of Loar from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, July 10th. Royal Bank Of Canada upped their price objective on shares of Loar from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $82.00 target price (down from $91.00) on shares of Loar in a research note on Wednesday, July 15th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $88.00.

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.