Strs Ohio Sells 1,728 Shares of Loar Holdings Inc. $LOAR

Strs Ohio decreased its stake in Loar Holdings Inc. (NYSE:LOAR) by 12.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,652 shares of the company’s stock after selling 1,728 shares during the period. Strs Ohio’s holdings in Loar were worth $1,090,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Loar by 204.9% in the first quarter. GAMMA Investing LLC now owns 372 shares of the company’s stock valued at $26,000 after acquiring an additional 250 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Loar by 5,286.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 808 shares of the company’s stock valued at $57,000 after purchasing an additional 793 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of 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 period. Amalgamated Bank increased its position in shares of Loar by 13.1% during the first quarter. Amalgamated Bank now owns 2,261 shares of the company’s stock worth $160,000 after buying an additional 261 shares during the period. Finally, Jump Financial LLC bought a new position in Loar during the first quarter worth $219,000.

Wall Street Analysts Forecast Growth

A number of analysts have commented on LOAR shares. Zacks Research raised shares of Loar from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. Wall Street Zen raised Loar from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Loar in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $97.00.

Loar Trading Down 0.4%

NYSE:LOAR opened at $74.95 on Friday. Loar Holdings Inc. has a 12 month low of $62.10 and a 12 month high of $99.67. The company has a current ratio of 6.15, a quick ratio of 4.01 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of 162.94 and a beta of 0.19. The firm has a fifty day simple moving average of $78.35 and a two-hundred day simple moving average of $80.52.

Loar (NYSE:LOAR) last announced its quarterly earnings data on Wednesday, August 13th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. The firm had revenue of $123.12 million for the quarter, compared to analyst estimates of $122.17 million. Loar had a net margin of 9.82% and a return on equity of 5.50%. The business’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.13 earnings per share. Loar has set its FY 2025 guidance at 0.830-0.88 EPS. Analysts expect 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.