Riverbridge Partners LLC Lowers Holdings in Loar Holdings Inc. $LOAR

Riverbridge Partners LLC decreased its holdings in Loar Holdings Inc. (NYSE:LOAR) by 6.7% in the first quarter, HoldingsChannel.com reports. The fund owned 258,416 shares of the company’s stock after selling 18,633 shares during the quarter. Riverbridge Partners LLC’s holdings in Loar were worth $14,805,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LOAR. Rakuten Securities Inc. purchased a new position in Loar in the 2nd quarter worth approximately $27,000. Fifth Third Bancorp purchased a new stake in Loar during the 4th quarter valued at approximately $28,000. Sunbelt Securities Inc. grew its holdings in Loar by 238.3% during the 4th quarter. Sunbelt Securities Inc. now owns 592 shares of the company’s stock valued at $40,000 after buying an additional 417 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Loar by 122.4% in the third quarter. PNC Financial Services Group Inc. now owns 774 shares of the company’s stock worth $62,000 after buying an additional 426 shares in the last quarter. Finally, Danske Bank A S bought a new position in shares of Loar during the fourth quarter worth $62,000.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Zacks Research raised shares of Loar to a “hold” rating in a research note on Monday, March 9th. The Goldman Sachs Group reiterated a “buy” rating and issued a $98.00 price target on shares of Loar in a research note on Thursday, February 26th. Jefferies Financial Group set a $75.00 price objective on shares of Loar in a report on Sunday, May 10th. Wall Street Zen lowered Loar from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Weiss Ratings cut Loar from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $83.00.

Insider Activity at Loar

In related news, Director Taiwo K. Danmola sold 35,000 shares of Loar stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $60.59, for a total value of $2,120,650.00. Following the completion of the transaction, the director owned 54,286 shares in the company, valued at approximately $3,289,188.74. This trade represents a 39.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 20.10% of the company’s stock.

Loar Trading Up 0.5%

LOAR stock opened at $71.40 on Wednesday. The firm has a market cap of $6.68 billion, a PE ratio of 100.56 and a beta of 0.69. The firm has a fifty day moving average price of $63.26 and a 200 day moving average price of $65.76. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.89 and a current ratio of 4.56. Loar Holdings Inc. has a fifty-two week low of $53.15 and a fifty-two week high of $88.75.

Loar (NYSE:LOAR) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.15 by $0.19. Loar had a net margin of 12.64% and a return on equity of 8.47%. The business had revenue of $156.09 million during the quarter, compared to analyst estimates of $149.71 million. During the same quarter last year, the business earned $0.16 earnings per share. Loar’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. Sell-side analysts anticipate 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.