Bamco Inc. NY Has $144.13 Million Stock Holdings in Loar Holdings Inc. $LOAR

Bamco Inc. NY grew its holdings in Loar Holdings Inc. (NYSE:LOAR) by 17.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,119,505 shares of the company’s stock after purchasing an additional 310,406 shares during the quarter. Bamco Inc. NY owned about 2.26% of Loar worth $144,126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in LOAR. Royal Bank of Canada lifted its stake in shares of Loar by 7.6% in the 1st quarter. Royal Bank of Canada now owns 15,310 shares of the company’s stock valued at $1,082,000 after purchasing an additional 1,081 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Loar by 10.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 538,592 shares of the company’s stock valued at $38,052,000 after purchasing an additional 49,629 shares during the period. Prudential Financial Inc. acquired a new position in shares of Loar in the 2nd quarter valued at about $245,000. Russell Investments Group Ltd. acquired a new position in shares of Loar in the 2nd quarter valued at about $945,000. Finally, WINTON GROUP Ltd acquired a new position in shares of Loar in the 2nd quarter valued at about $204,000.

Insiders Place Their Bets

In other Loar news, Director Taiwo K. Danmola sold 35,000 shares of the business’s 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 directly owned 54,286 shares of the company’s stock, valued at approximately $3,289,188.74. The trade was a 39.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 20.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on LOAR shares. Zacks Research raised Loar to a “hold” rating in a research note on Monday, March 9th. Royal Bank Of Canada dropped their price objective on Loar from $90.00 to $80.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. The Goldman Sachs Group reissued a “buy” rating and issued a $98.00 price objective on shares of Loar in a research note on Thursday, February 26th. Jefferies Financial Group set a $75.00 price target on Loar in a research note on Sunday, May 10th. Finally, Wall Street Zen downgraded Loar from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $83.00.

Loar Stock Up 0.3%

LOAR stock opened at $67.99 on Thursday. The stock’s 50 day simple moving average is $62.55 and its 200 day simple moving average is $65.67. Loar Holdings Inc. has a fifty-two week low of $53.15 and a fifty-two week 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 company has a market cap of $6.37 billion, a P/E ratio of 95.77 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, topping analysts’ consensus estimates 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 period in the prior year, the business earned $0.16 EPS. The firm’s revenue for the quarter was up 36.1% on a year-over-year basis. Loar has set its FY 2026 guidance at 1.260-1.300 EPS. On average, research analysts expect that Loar Holdings Inc. will post 1.16 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.