Loar Holdings Inc. $LOAR Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P reduced its holdings in Loar Holdings Inc. (NYSE:LOAR) by 4.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 248,720 shares of the company’s stock after selling 12,324 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Loar were worth $21,432,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in LOAR. T. Rowe Price Investment Management Inc. grew its holdings in Loar by 232.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,601,485 shares of the company’s stock valued at $113,145,000 after buying an additional 1,119,958 shares during the period. Norges Bank purchased a new stake in Loar in the second quarter valued at approximately $72,023,000. Jennison Associates LLC acquired a new position in Loar during the second quarter worth approximately $49,595,000. Invesco Ltd. raised its stake in Loar by 38.5% during the first quarter. Invesco Ltd. now owns 1,179,384 shares of the company’s stock worth $83,323,000 after purchasing an additional 327,888 shares during the period. Finally, ONE Advisory Partners LLC acquired a new position in shares of Loar in the 2nd quarter valued at $25,275,000.

Loar Trading Up 0.7%

Shares of LOAR opened at $68.45 on Friday. The stock’s 50-day moving average is $75.69 and its two-hundred day moving average is $77.59. The stock has a market cap of $6.41 billion, a PE ratio of 103.71 and a beta of 0.19. Loar Holdings Inc. has a 12 month low of $62.10 and a 12 month high of $99.67. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.92 and a quick ratio of 3.81.

Loar (NYSE:LOAR) last posted its earnings results on Wednesday, November 12th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.13. The business had revenue of $126.75 million during the quarter, compared to analyst estimates of $126.80 million. Loar had a return on equity of 6.45% and a net margin of 13.33%.The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 earnings per share. Loar has set its FY 2026 guidance at 0.980-1.03 EPS. FY 2025 guidance at 0.930-0.980 EPS. Equities analysts forecast that Loar Holdings Inc. will post 0.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Loar in a report on Tuesday. Wall Street Zen upgraded Loar from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. The Goldman Sachs Group assumed coverage on Loar in a research note on Tuesday. They issued a “buy” rating and a $91.00 price objective on the stock. Zacks Research upgraded Loar from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. Finally, Morgan Stanley cut their price target on shares of Loar from $100.00 to $97.00 and set an “overweight” rating on the stock in a report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $94.75.

About Loar

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.