Public Employees Retirement System of Ohio Makes New Investment in Loar Holdings Inc. $LOAR

Public Employees Retirement System of Ohio acquired a new position in Loar Holdings Inc. (NYSE:LOAR) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 12,559 shares of the company’s stock, valued at approximately $1,012,000.

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

Loar Stock Performance

Shares of NYSE LOAR opened at $67.56 on Wednesday. The stock’s fifty day simple moving average is $72.65 and its 200 day simple moving average is $67.34. The stock has a market capitalization of $6.33 billion, a price-to-earnings ratio of 93.84 and a beta of 0.56. The company has a quick ratio of 3.24, a current ratio of 4.91 and a debt-to-equity ratio of 0.79. Loar Holdings Inc. has a 52-week low of $53.15 and a 52-week high of $83.43.

Loar (NYSE:LOAR) last announced its earnings results on Thursday, August 6th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.31 by $0.07. Loar had a return on equity of 9.37% and a net margin of 11.60%.The business had revenue of $171.58 million during the quarter, compared to the consensus estimate of $162.80 million. During the same period in the prior year, the business posted $0.23 earnings per share. Loar’s revenue was up 39.4% compared to the same quarter last year. Loar has set its FY 2026 guidance at 1.320-1.360 EPS. As a group, sell-side analysts forecast that Loar Holdings Inc. will post 1.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LOAR has been the topic of several recent analyst reports. Citigroup boosted their target price on Loar from $71.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Royal Bank Of Canada increased their price target on Loar from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Jefferies Financial Group reiterated a “buy” rating and set a $88.00 price target on shares of Loar in a research report on Sunday, August 9th. Morgan Stanley reissued an “equal weight” rating and issued a $82.00 price objective (down from $91.00) on shares of Loar in a research note on Wednesday, July 15th. Finally, Weiss Ratings upgraded Loar from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Loar presently has an average rating of “Moderate Buy” and a consensus price target of $88.00.

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.