Teachers Retirement System of The State of Kentucky Purchases New Position in Loar Holdings Inc. $LOAR

Teachers Retirement System of The State of Kentucky acquired a new position in Loar Holdings Inc. (NYSE:LOAR) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 17,279 shares of the company’s stock, valued at approximately $1,382,000.

A number of other large investors have also recently made changes to their positions in the business. Wasatch Advisors LP grew its position in Loar by 290.9% in the second quarter. Wasatch Advisors LP now owns 2,624,649 shares of the company’s stock worth $226,166,000 after acquiring an additional 1,953,148 shares in the last quarter. State Street Corp lifted its position in Loar by 66.3% in the second quarter. State Street Corp now owns 1,660,474 shares of the company’s stock worth $143,083,000 after buying an additional 662,224 shares during the last quarter. Federated Hermes Inc. boosted its stake in Loar by 45.1% during the second quarter. Federated Hermes Inc. now owns 1,649,069 shares of the company’s stock worth $142,100,000 after buying an additional 512,416 shares during the period. Alliancebernstein L.P. increased its position in Loar by 98.0% during the second quarter. Alliancebernstein L.P. now owns 1,520,064 shares of the company’s stock valued at $130,984,000 after acquiring an additional 752,201 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in shares of Loar by 2,104.8% in the second quarter. Marshall Wace LLP now owns 1,386,318 shares of the company’s stock valued at $119,459,000 after acquiring an additional 1,323,442 shares during the period.

Analyst Ratings Changes

A number of research firms recently commented on LOAR. The Goldman Sachs Group reaffirmed a “buy” rating and set a $98.00 price target on shares of Loar in a research note on Thursday, February 26th. Morgan Stanley cut their target price on Loar from $100.00 to $97.00 and set an “overweight” rating on the stock in a research note on Thursday, November 13th. Royal Bank Of Canada reduced their price target on Loar from $92.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, February 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Loar in a research note on Monday, December 29th. Finally, Citigroup upped their price objective on Loar from $81.00 to $83.00 and gave the company a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Loar presently has an average rating of “Buy” and a consensus price target of $92.00.

Loar Stock Down 3.9%

Shares of NYSE LOAR opened at $72.54 on Friday. Loar Holdings Inc. has a 52-week low of $62.10 and a 52-week high of $99.67. The firm has a market capitalization of $6.79 billion, a price-to-earnings ratio of 96.72 and a beta of 0.34. The stock has a 50 day moving average price of $69.34 and a 200 day moving average price of $72.41. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.81 and a current ratio of 4.70.

Loar (NYSE:LOAR) last issued its earnings results on Thursday, February 26th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.07. The business had revenue of $131.75 million during the quarter, compared to analysts’ expectations of $128.00 million. Loar had a return on equity of 7.54% and a net margin of 14.54%.The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 EPS. Loar has set its FY 2026 guidance at 0.760-0.800 EPS. Sell-side analysts expect that Loar Holdings Inc. will post 0.28 earnings per share for the current 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.