Loar Holdings Inc. $LOAR Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers grew its position in Loar Holdings Inc. (NYSE:LOAR) by 250.6% in the first quarter, Holdings Channel.com reports. The fund owned 16,787 shares of the company’s stock after buying an additional 11,999 shares during the period. Cetera Investment Advisers’ holdings in Loar were worth $962,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. acquired a new stake in Loar during the second quarter worth about $27,000. Fifth Third Bancorp bought a new position in shares of Loar during the fourth quarter valued at approximately $28,000. Sunbelt Securities Inc. grew its holdings in shares of Loar by 238.3% during the fourth quarter. Sunbelt Securities Inc. now owns 592 shares of the company’s stock valued at $40,000 after purchasing an additional 417 shares during the last quarter. Danske Bank A S acquired a new stake in Loar in the fourth quarter worth $62,000. Finally, Tower Research Capital LLC TRC lifted its position in Loar by 347.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 970 shares of the company’s stock valued at $84,000 after purchasing an additional 753 shares during the last quarter.

Loar Trading Up 4.8%

Loar stock opened at $77.55 on Friday. Loar Holdings Inc. has a one year low of $53.15 and a one year high of $83.43. The company’s fifty day moving average price is $72.39 and its two-hundred day moving average price is $66.70. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.91 and a quick ratio of 3.24. The company has a market capitalization of $7.27 billion, a price-to-earnings ratio of 107.71 and a beta of 0.56.

Loar (NYSE:LOAR) last released its earnings results on Thursday, August 6th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.07. The firm had revenue of $171.58 million during the quarter, compared to analyst estimates of $162.80 million. Loar had a net margin of 11.60% and a return on equity of 9.37%. The business’s revenue was up 39.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 EPS. Loar has set its FY 2026 guidance at 1.320-1.360 EPS. On average, analysts forecast that Loar Holdings Inc. will post 1.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Taiwo K. Danmola sold 35,000 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $60.59, for a total transaction of $2,120,650.00. Following the completion of the sale, the director owned 54,286 shares in the company, valued at $3,289,188.74. This represents a 39.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 20.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

LOAR has been the topic of a number of research analyst reports. Weiss Ratings raised Loar from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, July 10th. Jefferies Financial Group reiterated a “buy” rating and issued a $88.00 target price on shares of Loar in a research report on Sunday, August 9th. Zacks Research downgraded shares of Loar from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $82.00 price target (down from $91.00) on shares of Loar in a research note on Wednesday, July 15th. Finally, Citigroup raised their target price on shares of Loar from $71.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Loar presently has an average rating of “Moderate Buy” and a consensus target price of $88.00.

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.