Riverbridge Partners LLC Sells 18,633 Shares of Loar Holdings Inc. $LOAR

Riverbridge Partners LLC lowered its stake in shares of Loar Holdings Inc. (NYSE:LOAR) by 6.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 258,416 shares of the company’s stock after selling 18,633 shares during the period. Riverbridge Partners LLC owned approximately 0.28% of Loar worth $14,805,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of LOAR. Capital International Investors raised its holdings in shares of Loar by 61.8% during the fourth quarter. Capital International Investors now owns 7,218,814 shares of the company’s stock valued at $490,879,000 after purchasing an additional 2,757,297 shares during the last quarter. Wasatch Advisors LP lifted its position in Loar by 17.3% during the fourth quarter. Wasatch Advisors LP now owns 3,064,965 shares of the company’s stock valued at $208,418,000 after purchasing an additional 452,646 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in 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 worth $172,281,000 after purchasing an additional 711,182 shares during the last quarter. Bamco Inc. NY boosted its holdings in Loar by 17.2% in the fourth quarter. Bamco Inc. NY now owns 2,119,505 shares of the company’s stock worth $144,126,000 after purchasing an additional 310,406 shares during the last quarter. Finally, State Street Corp grew its position in Loar by 18.1% in the 4th quarter. State Street Corp now owns 1,880,955 shares of the company’s stock worth $127,905,000 after purchasing an additional 288,095 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Zacks Research upgraded shares of Loar to a “hold” rating in a research note on Monday, March 9th. Citigroup cut their price objective on Loar from $83.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $98.00 price objective on shares of Loar in a report on Thursday, February 26th. Jefferies Financial Group set a $75.00 target price on Loar in a research report on Sunday, May 10th. Finally, Royal Bank Of Canada cut their price target on Loar from $90.00 to $80.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $83.00.

Loar Stock Up 0.5%

LOAR stock opened at $71.40 on Wednesday. Loar Holdings Inc. has a twelve month low of $53.15 and a twelve month high of $88.75. 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 stock has a market cap of $6.68 billion, a P/E ratio of 100.56 and a beta of 0.69. The business’s 50-day moving average price is $63.26 and its 200-day moving average price is $65.76.

Loar (NYSE:LOAR) last released its earnings results on Thursday, May 7th. The company reported $0.34 earnings per share (EPS) for the quarter, topping 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 company had revenue of $156.09 million during the quarter, compared to analyst estimates of $149.71 million. During the same period in the prior year, the firm posted $0.16 EPS. The firm’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. On average, equities research analysts forecast that Loar Holdings Inc. will post 1.16 EPS for the current year.

Insider Activity

In other news, Director Taiwo K. Danmola sold 35,000 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were 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 $3,289,188.74. This trade represents a 39.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 20.10% of the stock is currently owned by company insiders.

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.