Capital International Sarl Takes Position in Loar Holdings Inc. $LOAR

Capital International Sarl acquired a new stake in shares of Loar Holdings Inc. (NYSE:LOAR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 37,931 shares of the company’s stock, valued at approximately $2,579,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of LOAR. Royal Bank of Canada increased its holdings in shares of Loar by 7.6% during the first quarter. Royal Bank of Canada now owns 15,310 shares of the company’s stock valued at $1,082,000 after acquiring an additional 1,081 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Loar by 10.1% during the first quarter. Goldman Sachs Group Inc. now owns 538,592 shares of the company’s stock valued at $38,052,000 after acquiring an additional 49,629 shares in the last quarter. Prudential Financial Inc. bought a new stake in shares of Loar during the second quarter valued at approximately $245,000. Russell Investments Group Ltd. bought a new stake in shares of Loar during the second quarter valued at approximately $945,000. Finally, WINTON GROUP Ltd bought a new stake in shares of Loar during the second quarter valued at approximately $204,000.

Loar Trading Up 0.3%

Shares of Loar stock opened at $63.51 on Monday. The stock has a fifty day simple moving average of $60.98 and a 200 day simple moving average of $65.62. Loar Holdings Inc. has a 12-month low of $53.15 and a 12-month high of $90.81. The company has a market capitalization of $5.95 billion, a P/E ratio of 89.44 and a beta of 0.68. The company has a current ratio of 4.56, a quick ratio of 2.89 and a debt-to-equity ratio of 0.80.

Loar (NYSE:LOAR) last announced its quarterly 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 return on equity of 8.47% and a net margin of 12.64%.The business had revenue of $156.09 million during the quarter, compared to the consensus estimate of $149.71 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. Loar’s 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, sell-side analysts anticipate that Loar Holdings Inc. will post 1.16 earnings per share for the current fiscal year.

Insider Buying and Selling at Loar

In related news, Director Anthony Carpenito purchased 4,750 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was acquired at an average price of $64.97 per share, for a total transaction of $308,607.50. Following the completion of the acquisition, the director owned 4,750 shares of the company’s stock, valued at $308,607.50. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Taiwo K. Danmola sold 35,000 shares of the business’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 completion of the transaction, the director directly owned 54,286 shares in the company, valued at approximately $3,289,188.74. This represents a 39.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have purchased a total of 173,800 shares of company stock valued at $11,327,673 in the last three months. Insiders own 20.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on LOAR. Zacks Research upgraded Loar to a “hold” rating in a report on Monday, March 9th. Citigroup decreased 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. Royal Bank Of Canada decreased their price objective on Loar from $90.00 to $80.00 and set an “outperform” rating for the company in a report on Friday, May 8th. Weiss Ratings downgraded Loar from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Finally, Morgan Stanley set a $91.00 price target on Loar in a report on Friday, May 8th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Loar has a consensus rating of “Moderate Buy” and an average target price of $83.00.

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.