Spyglass Capital Management LLC Has $33.47 Million Holdings in Loar Holdings Inc. $LOAR

Spyglass Capital Management LLC cut its holdings in shares of Loar Holdings Inc. (NYSE:LOAR) by 35.4% during the 1st quarter, Holdings Channel reports. The firm owned 584,133 shares of the company’s stock after selling 319,998 shares during the period. Loar makes up 2.4% of Spyglass Capital Management LLC’s holdings, making the stock its 23rd largest holding. Spyglass Capital Management LLC’s holdings in Loar were worth $33,465,000 at the end of the most recent quarter.

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

Loar Trading Up 0.1%

NYSE LOAR opened at $71.80 on Wednesday. The company has a market cap of $6.72 billion, a price-to-earnings ratio of 101.13 and a beta of 0.47. Loar Holdings Inc. has a twelve month low of $53.15 and a twelve month high of $83.43. The company has a quick ratio of 2.89, a current ratio of 4.56 and a debt-to-equity ratio of 0.80. The business’s fifty day moving average is $70.01 and its 200 day moving average is $66.73.

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

Insider Buying and Selling at Loar

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Weiss Ratings upgraded Loar from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 10th. Morgan Stanley restated an “equal weight” rating and issued a $82.00 price target (down from $91.00) on shares of Loar in a research report on Wednesday, July 15th. Citigroup boosted their price target on Loar from $71.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Jefferies Financial Group set a $75.00 price objective on shares of Loar in a research report on Sunday, May 10th. Finally, Royal Bank Of Canada reduced their price objective on shares of Loar from $90.00 to $80.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned 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 an average price target of $84.40.

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.