XTX Topco Ltd Purchases Shares of 28,436 Loar Holdings Inc. $LOAR

XTX Topco Ltd acquired a new position in shares of Loar Holdings Inc. (NYSE:LOAR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 28,436 shares of the company’s stock, valued at approximately $2,450,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LOAR. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Loar by 0.3% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 40,436 shares of the company’s stock worth $2,857,000 after purchasing an additional 139 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Loar by 390.1% during the second quarter. PNC Financial Services Group Inc. now owns 348 shares of the company’s stock worth $30,000 after buying an additional 277 shares during the period. MetLife Investment Management LLC raised its stake in Loar by 16.1% during the first quarter. MetLife Investment Management LLC now owns 2,014 shares of the company’s stock worth $142,000 after buying an additional 279 shares during the last quarter. Amalgamated Bank raised its stake in Loar by 26.3% during the second quarter. Amalgamated Bank now owns 2,855 shares of the company’s stock worth $246,000 after buying an additional 594 shares during the last quarter. Finally, Huntleigh Advisors Inc. lifted its holdings in Loar by 5.9% in the second quarter. Huntleigh Advisors Inc. now owns 12,155 shares of the company’s stock valued at $1,047,000 after buying an additional 678 shares during the period.

Wall Street Analysts Forecast Growth

LOAR has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Loar in a report on Tuesday. Zacks Research upgraded Loar from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. The Goldman Sachs Group initiated coverage on Loar in a report on Tuesday. They issued a “buy” rating and a $91.00 target price for the company. Morgan Stanley dropped their price target on Loar from $100.00 to $97.00 and set an “overweight” rating on the stock in a research note on Thursday, November 13th. Finally, Wall Street Zen upgraded Loar from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. One investment 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. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $94.75.

Loar Stock Performance

Shares of LOAR stock opened at $68.02 on Thursday. The company has a current ratio of 5.92, a quick ratio of 3.81 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $76.19 and a two-hundred day simple moving average of $77.99. Loar Holdings Inc. has a 12 month low of $62.10 and a 12 month high of $99.67. The firm has a market capitalization of $6.37 billion, a PE ratio of 103.07 and a beta of 0.19.

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

Loar 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.