Loar Holdings Inc. $LOAR Shares Bought by Rhumbline Advisers

Rhumbline Advisers lifted its position in shares of Loar Holdings Inc. (NYSE:LOAR) by 38.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 46,871 shares of the company’s stock after acquiring an additional 12,921 shares during the period. Rhumbline Advisers’ holdings in Loar were worth $4,039,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of LOAR. PNC Financial Services Group Inc. boosted its stake in Loar by 390.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 348 shares of the company’s stock valued at $30,000 after purchasing an additional 277 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of Loar by 5,286.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 808 shares of the company’s stock worth $57,000 after buying an additional 793 shares during the period. KBC Group NV bought a new position in Loar in the 2nd quarter worth approximately $82,000. Nvwm LLC acquired a new stake in Loar in the 2nd quarter valued at approximately $154,000. Finally, MetLife Investment Management LLC raised its stake in shares of Loar by 16.1% during the first quarter. MetLife Investment Management LLC now owns 2,014 shares of the company’s stock valued at $142,000 after purchasing an additional 279 shares in the last quarter.

Loar Price Performance

NYSE LOAR opened at $67.32 on Friday. Loar Holdings Inc. has a 1 year low of $62.10 and a 1 year high of $99.67. The business’s fifty day moving average is $74.62 and its two-hundred day moving average is $77.06. The stock has a market capitalization of $6.30 billion, a P/E ratio of 101.99 and a beta of 0.35. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.81 and a current ratio of 5.92.

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

Wall Street Analysts Forecast Growth

LOAR has been the subject of a number of recent analyst reports. Morgan Stanley decreased their target price on shares of Loar from $100.00 to $97.00 and set an “overweight” rating for the company in a research report on Thursday, November 13th. Wall Street Zen upgraded shares of Loar from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Loar in a research note on Monday. The Goldman Sachs Group started coverage on Loar in a research report on Tuesday, November 25th. They issued a “buy” rating and a $91.00 target price for the company. Finally, Zacks Research raised Loar from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $94.75.

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.