Spyglass Capital Management LLC Boosts Holdings in Loar Holdings Inc. $LOAR

Spyglass Capital Management LLC raised its position in shares of Loar Holdings Inc. (NYSE:LOAR) by 4.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 611,657 shares of the company’s stock after acquiring an additional 27,524 shares during the period. Loar makes up about 2.7% of Spyglass Capital Management LLC’s investment portfolio, making the stock its 22nd largest position. Spyglass Capital Management LLC’s holdings in Loar were worth $49,306,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in LOAR. Capital International Investors lifted its stake in shares of Loar by 61.8% during the 4th quarter. Capital International Investors now owns 7,218,814 shares of the company’s stock worth $490,879,000 after acquiring an additional 2,757,297 shares during the last quarter. Wasatch Advisors LP grew its position in Loar by 290.9% in the 2nd quarter. Wasatch Advisors LP now owns 2,624,649 shares of the company’s stock valued at $226,166,000 after acquiring an additional 1,953,148 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Loar by 837.1% in the first quarter. Bank of New York Mellon Corp now owns 933,216 shares of the company’s stock worth $53,464,000 after purchasing an additional 833,626 shares during the period. Alliancebernstein L.P. increased its stake in Loar by 98.0% in the second quarter. Alliancebernstein L.P. now owns 1,520,064 shares of the company’s stock worth $130,984,000 after purchasing an additional 752,201 shares during the period. Finally, T. Rowe Price Investment Management Inc. lifted its position in shares of Loar by 39.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,533,540 shares of the company’s stock worth $172,281,000 after purchasing an additional 711,182 shares during the last quarter.

Analyst Upgrades and Downgrades

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

Loar Price Performance

LOAR opened at $70.51 on Tuesday. The company has a market capitalization of $6.61 billion, a price-to-earnings ratio of 97.93 and a beta of 0.57. The company has a current ratio of 4.91, a quick ratio of 3.24 and a debt-to-equity ratio of 0.79. Loar Holdings Inc. has a 12-month low of $53.15 and a 12-month high of $83.43. The business’s fifty day simple moving average is $73.69 and its 200-day simple moving average is $67.18.

Loar (NYSE:LOAR) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.07. The firm had revenue of $171.58 million for the quarter, compared to the consensus estimate of $162.80 million. Loar had a net margin of 11.60% and a return on equity of 9.37%. The company’s quarterly revenue was up 39.4% on a year-over-year basis. During the same period last year, the firm earned $0.23 earnings per share. Loar has set its FY 2026 guidance at 1.320-1.360 EPS. On average, equities research analysts anticipate that Loar Holdings Inc. will post 1.2 earnings per share for the current fiscal year.

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.