Nvwm LLC Takes $154,000 Position in Loar Holdings Inc. $LOAR

Nvwm LLC acquired a new position in shares of Loar Holdings Inc. (NYSE:LOAR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,788 shares of the company’s stock, valued at approximately $154,000.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Loar by 0.5% in the first quarter. Vanguard Group Inc. now owns 2,735,157 shares of the company’s stock valued at $193,239,000 after purchasing an additional 13,832 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of Loar by 232.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,601,485 shares of the company’s stock worth $113,145,000 after purchasing an additional 1,119,958 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Loar by 38.5% in the 1st quarter. Invesco Ltd. now owns 1,179,384 shares of the company’s stock valued at $83,323,000 after buying an additional 327,888 shares during the period. Federated Hermes Inc. increased its position in shares of Loar by 13.8% in the 1st quarter. Federated Hermes Inc. now owns 1,136,653 shares of the company’s stock valued at $80,305,000 after buying an additional 137,920 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Loar by 30.9% in the 1st quarter. Alliancebernstein L.P. now owns 767,863 shares of the company’s stock valued at $54,250,000 after buying an additional 181,225 shares in the last quarter.

Loar Stock Down 0.6%

Shares of Loar stock opened at $74.51 on Friday. The firm has a market cap of $6.98 billion, a PE ratio of 161.98 and a beta of 0.19. The business’s 50 day simple moving average is $78.43 and its 200 day simple moving average is $80.47. The company has a debt-to-equity ratio of 0.25, a quick ratio of 4.01 and a current ratio of 6.15. Loar Holdings Inc. has a 52-week low of $62.10 and a 52-week high of $99.67.

Loar (NYSE:LOAR) last issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. Loar had a net margin of 9.82% and a return on equity of 5.50%. The company had revenue of $123.12 million during the quarter, compared to analysts’ expectations of $122.17 million. During the same period last year, the business earned $0.13 EPS. The business’s quarterly revenue was up 26.8% on a year-over-year basis. Loar has set its FY 2025 guidance at 0.830-0.88 EPS. On average, analysts predict that Loar Holdings Inc. will post 0.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.