Wasatch Advisors LP Boosts Stock Holdings in Loar Holdings Inc. $LOAR

Wasatch Advisors LP grew its holdings in Loar Holdings Inc. (NYSE:LOAR) by 14.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,509,014 shares of the company’s stock after purchasing an additional 444,049 shares during the quarter. Loar makes up 1.3% of Wasatch Advisors LP’s portfolio, making the stock its 24th biggest position. Wasatch Advisors LP owned 3.75% of Loar worth $201,031,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC increased its holdings in Loar by 17.2% during the first quarter. SG Americas Securities LLC now owns 5,252 shares of the company’s stock valued at $301,000 after buying an additional 770 shares during the period. Sunbelt Securities Inc. lifted its holdings in Loar by 238.3% during the fourth quarter. Sunbelt Securities Inc. now owns 592 shares of the company’s stock worth $40,000 after buying an additional 417 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in 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 buying an additional 711,182 shares during the period. Vident Advisory LLC bought a new stake in Loar during the 4th quarter valued at $259,000. Finally, XTX Topco Ltd bought a new stake in Loar during the 4th quarter valued at $4,391,000.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Jefferies Financial Group set a $75.00 price target on Loar in a report on Sunday, May 10th. Wall Street Zen cut Loar from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Zacks Research raised Loar to a “hold” rating in a research report on Monday, March 9th. Weiss Ratings lowered Loar from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Finally, Royal Bank Of Canada reduced their target price on shares of Loar from $90.00 to $80.00 and set an “outperform” rating for the company in a report on Friday, May 8th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.20.

Insider Buying and Selling

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

Loar Stock Performance

Shares of LOAR opened at $79.26 on Friday. The stock has a 50-day moving average of $63.89 and a two-hundred day moving average of $65.97. Loar Holdings Inc. has a one year low of $53.15 and a one year high of $88.75. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.89 and a current ratio of 4.56. The stock has a market cap of $7.42 billion, a P/E ratio of 111.63 and a beta of 0.69.

Loar (NYSE:LOAR) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.19. Loar had a return on equity of 8.47% and a net margin of 12.64%.The business had revenue of $156.09 million for the quarter, compared to the consensus estimate of $149.71 million. During the same quarter in the previous year, the business earned $0.16 EPS. The company’s quarterly revenue was up 36.1% compared to the same quarter last year. Loar has set its FY 2026 guidance at 1.260-1.300 EPS. As a group, research analysts predict that Loar Holdings Inc. will post 1.16 EPS for the current 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.