JPMorgan Chase & Co. Boosts Holdings in Loar Holdings Inc. $LOAR

JPMorgan Chase & Co. raised its holdings in Loar Holdings Inc. (NYSE:LOAR) by 72.1% during the 3rd quarter, Holdings Channel reports. The firm owned 513,323 shares of the company’s stock after purchasing an additional 214,978 shares during the quarter. JPMorgan Chase & Co.’s holdings in Loar were worth $41,066,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LOAR. Capital International Investors increased its stake in shares of Loar by 909.3% during the 3rd quarter. Capital International Investors now owns 4,461,517 shares of the company’s stock worth $356,921,000 after purchasing an additional 4,019,489 shares in the last quarter. Wasatch Advisors LP lifted its stake in Loar by 290.9% in the 2nd quarter. Wasatch Advisors LP now owns 2,624,649 shares of the company’s stock valued at $226,166,000 after buying an additional 1,953,148 shares in the last quarter. Marshall Wace LLP lifted its stake in Loar by 2,104.8% in the 2nd quarter. Marshall Wace LLP now owns 1,386,318 shares of the company’s stock valued at $119,459,000 after buying an additional 1,323,442 shares in the last quarter. Bamco Inc. NY grew its holdings in Loar by 165.2% during the 3rd quarter. Bamco Inc. NY now owns 1,809,099 shares of the company’s stock valued at $144,728,000 after buying an additional 1,127,033 shares during the last quarter. Finally, Spyglass Capital Management LLC acquired a new stake in Loar during the 3rd quarter valued at $67,926,000.

Loar Price Performance

Shares of NYSE:LOAR opened at $59.34 on Friday. The company has a market cap of $5.56 billion, a P/E ratio of 79.11 and a beta of 0.34. The business has a fifty day simple moving average of $68.45 and a 200-day simple moving average of $71.97. Loar Holdings Inc. has a 52 week low of $58.64 and a 52 week high of $99.67. The company has a quick ratio of 2.98, a current ratio of 4.70 and a debt-to-equity ratio of 0.61.

Loar (NYSE:LOAR) last released its earnings results on Thursday, February 26th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.07. The firm had revenue of $131.75 million for the quarter, compared to the consensus estimate of $128.00 million. Loar had a return on equity of 7.54% and a net margin of 14.54%.The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.11 earnings per share. Loar has set its FY 2026 guidance at 0.760-0.800 EPS. Equities research analysts forecast that Loar Holdings Inc. will post 0.28 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on LOAR shares. The Goldman Sachs Group reissued a “buy” rating and issued a $98.00 price target on shares of Loar in a report on Thursday, February 26th. Wall Street Zen lowered Loar from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Citigroup lifted their price objective on Loar from $81.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Loar in a research note on Monday, December 29th. Finally, Royal Bank Of Canada reduced their target price on shares of Loar from $92.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, February 18th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Insider Activity at Loar

In related news, insider Dirkson R. Charles bought 36,434 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average cost of $67.45 per share, for a total transaction of $2,457,473.30. Following the completion of the acquisition, the insider owned 4,087,005 shares in the company, valued at $275,668,487.25. This trade represents a 0.90% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Raja Bobbili purchased 50,000 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were bought at an average cost of $63.61 per share, with a total value of $3,180,500.00. Following the transaction, the director directly owned 50,000 shares of the company’s stock, valued at $3,180,500. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 173,800 shares of company stock valued at $11,327,673 over the last three months. Insiders own 22.60% of the company’s stock.

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.