Capital International Investors Grows Stock Position in Loar Holdings Inc. $LOAR

Capital International Investors lifted its stake in shares of Loar Holdings Inc. (NYSE:LOAR) by 61.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,218,814 shares of the company’s stock after buying an additional 2,757,297 shares during the quarter. Capital International Investors owned about 0.08% of Loar worth $490,879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Wasatch Advisors LP grew its holdings in Loar by 290.9% during the second quarter. Wasatch Advisors LP now owns 2,624,649 shares of the company’s stock worth $226,166,000 after acquiring an additional 1,953,148 shares during the period. Bamco Inc. NY grew its holdings in Loar by 165.2% during the third quarter. Bamco Inc. NY now owns 1,809,099 shares of the company’s stock worth $144,728,000 after acquiring an additional 1,127,033 shares during the period. UBS Group AG grew its holdings in Loar by 266.0% during the fourth quarter. UBS Group AG now owns 1,276,780 shares of the company’s stock worth $86,821,000 after acquiring an additional 927,908 shares during the period. Spyglass Capital Management LLC acquired a new position in Loar during the third quarter worth $67,926,000. Finally, Alliancebernstein L.P. grew its holdings in Loar by 98.0% during the second quarter. Alliancebernstein L.P. now owns 1,520,064 shares of the company’s stock worth $130,984,000 after acquiring an additional 752,201 shares during the period.

Loar Stock Up 0.3%

Loar stock opened at $63.51 on Monday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.89 and a current ratio of 4.56. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of 89.44 and a beta of 0.68. Loar Holdings Inc. has a fifty-two week low of $53.15 and a fifty-two week high of $90.81. The stock’s fifty day moving average is $60.98 and its two-hundred day moving average is $65.62.

Loar (NYSE:LOAR) last posted its earnings results on Thursday, May 7th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.19. The company had revenue of $156.09 million for the quarter, compared to analyst estimates of $149.71 million. Loar had a return on equity of 8.47% and a net margin of 12.64%.Loar’s revenue was up 36.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.16 earnings per share. Loar has set its FY 2026 guidance at 1.260-1.300 EPS. Analysts predict that Loar Holdings Inc. will post 1.16 EPS for the current fiscal year.

Insider Buying and Selling

In other Loar news, Director Taiwo K. Danmola sold 35,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $60.59, for a total value of $2,120,650.00. Following the sale, the director owned 54,286 shares of the company’s stock, valued at approximately $3,289,188.74. This represents a 39.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul S. Levy bought 75,000 shares of the stock in a transaction on Friday, March 13th. The stock was purchased at an average cost of $64.90 per share, for a total transaction of $4,867,500.00. Following the acquisition, the director directly owned 8,087,580 shares of the company’s stock, valued at $524,883,942. The trade was a 0.94% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 173,800 shares of company stock valued at $11,327,673 in the last three months. 20.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

LOAR has been the topic of a number of recent analyst reports. Royal Bank Of Canada dropped their price objective on Loar from $90.00 to $80.00 and set an “outperform” rating on the stock in a report on Friday, May 8th. Citigroup dropped their price objective on Loar from $83.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Jefferies Financial Group set a $75.00 price objective on Loar in a report on Sunday, May 10th. Zacks Research raised Loar to a “hold” rating in a report on Monday, March 9th. Finally, Morgan Stanley set a $91.00 price objective on Loar in a report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $83.00.

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.