Public Employees Retirement System of Ohio Takes Position in Loar Holdings Inc. $LOAR

Public Employees Retirement System of Ohio bought a new position in shares of Loar Holdings Inc. (NYSE:LOAR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,559 shares of the company’s stock, valued at approximately $1,012,000.

A number of other large investors have also added to or reduced their stakes in LOAR. Bank of New York Mellon Corp purchased a new stake in Loar during the 2nd quarter worth $57,024,000. NewEdge Advisors LLC purchased a new position in Loar in the 1st quarter valued at about $332,000. Janus Henderson Group PLC boosted its position in Loar by 54.0% in the 1st quarter. Janus Henderson Group PLC now owns 411,900 shares of the company’s stock valued at $23,598,000 after buying an additional 144,375 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Loar by 26.2% during the first quarter. California State Teachers Retirement System now owns 40,360 shares of the company’s stock valued at $2,312,000 after acquiring an additional 8,372 shares in the last quarter. Finally, Readystate Asset Management LP acquired a new stake in shares of Loar during the first quarter valued at about $1,432,000.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on LOAR shares. Royal Bank Of Canada boosted their price target on Loar from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Citigroup raised their price objective on Loar from $71.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Weiss Ratings upgraded Loar from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, July 10th. Zacks Research raised Loar from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd. Finally, Jefferies Financial Group restated a “buy” rating and issued a $88.00 price target on shares of Loar in a research note on Sunday, August 9th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $88.00.

Loar Stock Performance

LOAR stock opened at $67.56 on Wednesday. The stock’s 50 day simple moving average is $72.65 and its 200 day simple moving average is $67.34. Loar Holdings Inc. has a 12-month low of $53.15 and a 12-month high of $83.43. The firm has a market cap of $6.33 billion, a P/E ratio of 93.84 and a beta of 0.56. The company has a current ratio of 4.91, a quick ratio of 3.24 and a debt-to-equity ratio of 0.79.

Loar (NYSE:LOAR) last released its earnings results on Thursday, August 6th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate 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 firm earned $0.23 earnings per share. The firm’s revenue for the quarter was up 39.4% compared to the same quarter last year. Loar has set its FY 2026 guidance at 1.320-1.360 EPS. As a group, equities research analysts predict that Loar Holdings Inc. will post 1.2 EPS for the current year.

Loar 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.