Sterling Capital Management LLC Sells 17,078 Shares of Loar Holdings Inc. $LOAR

Sterling Capital Management LLC lowered its holdings in shares of Loar Holdings Inc. (NYSE:LOAR) by 93.1% during the third quarter, Holdings Channel reports. The firm owned 1,259 shares of the company’s stock after selling 17,078 shares during the period. Sterling Capital Management LLC’s holdings in Loar were worth $77,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LOAR. Wellington Management Group LLP boosted its holdings in Loar by 14.5% in the second quarter. Wellington Management Group LLP now owns 4,063,339 shares of the company’s stock worth $327,546,000 after purchasing an additional 514,061 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Loar during the second quarter valued at about $57,024,000. Spyglass Capital Management LLC raised its holdings in Loar by 4.7% during the second quarter. Spyglass Capital Management LLC now owns 611,657 shares of the company’s stock valued at $49,306,000 after buying an additional 27,524 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Loar by 17.4% in the first quarter. Dimensional Fund Advisors LP now owns 747,351 shares of the company’s stock worth $42,806,000 after buying an additional 110,864 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Loar by 54.0% in the first quarter. Janus Henderson Group PLC now owns 411,900 shares of the company’s stock worth $23,598,000 after buying an additional 144,375 shares during the last quarter.

Loar Stock Performance

NYSE:LOAR opened at $68.49 on Wednesday. The firm has a market capitalization of $6.42 billion, a PE ratio of 58.54 and a beta of 0.63. Loar Holdings Inc. has a 1 year low of $53.15 and a 1 year high of $82.49. The company has a current ratio of 4.91, a quick ratio of 3.24 and a debt-to-equity ratio of 0.79. The firm’s fifty day simple moving average is $64.81 and its 200 day simple moving average is $66.67.

Loar (NYSE:LOAR) last released its earnings results on Thursday, August 6th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.07. Loar had a net margin of 11.60% and a return on equity of 9.37%. The firm had revenue of $171.58 million during the quarter, compared to analyst estimates of $162.80 million. During the same quarter in the previous year, the business earned $0.23 EPS. The business’s revenue was up 39.4% on a year-over-year basis. Loar has set its FY 2026 guidance at 1.320-1.360 EPS. On average, sell-side analysts anticipate that Loar Holdings Inc. will post 1.20 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on LOAR. Jefferies Financial Group reiterated a “buy” rating and set a $88.00 price target on shares of Loar in a research note on Sunday, August 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Loar in a research note on Tuesday, October 6th. Royal Bank Of Canada boosted their target price on Loar from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Zacks Research cut Loar from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 9th. Finally, Morgan Stanley decreased their target price on Loar from $82.00 to $72.00 and set an “equal weight” rating for the company in a research report on Friday, October 16th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.00.

Loar Profile

Loar Holdings Inc is an aerospace and defense company that designs, manufactures and sells highly engineered, mission-critical components and systems. Its products are used in commercial and military aircraft, business jets, general aviation, space vehicles and other defense applications.

The company’s product portfolio includes specialized components such as shock absorbers, vibration-control products, elastomeric components, seals, electronic systems and other aircraft and defense parts.