Fred Alger Management LLC Sells 39,881 Shares of Loar Holdings Inc. $LOAR

Fred Alger Management LLC decreased its stake in Loar Holdings Inc. (NYSE:LOAR) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 628,012 shares of the company’s stock after selling 39,881 shares during the period. Fred Alger Management LLC owned about 0.67% of Loar worth $42,705,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LOAR. Capital International Investors lifted its stake in Loar by 909.3% in the 3rd quarter. Capital International Investors now owns 4,461,517 shares of the company’s stock valued at $356,921,000 after purchasing an additional 4,019,489 shares during 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 purchasing an additional 1,953,148 shares during the last quarter. Bamco Inc. NY raised its stake in shares of Loar by 165.2% during the third quarter. Bamco Inc. NY now owns 1,809,099 shares of the company’s stock valued at $144,728,000 after acquiring an additional 1,127,033 shares during the last quarter. UBS Group AG raised its stake in shares of Loar by 266.0% during the fourth quarter. UBS Group AG now owns 1,276,780 shares of the company’s stock valued at $86,821,000 after acquiring an additional 927,908 shares during the last quarter. Finally, Spyglass Capital Management LLC bought a new position in shares of Loar during the third quarter valued at $67,926,000.

Insiders Place Their Bets

In related news, Director Taiwo K. Danmola sold 35,000 shares of Loar stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $60.59, for a total transaction of $2,120,650.00. Following the completion of the transaction, the director owned 54,286 shares of the company’s stock, valued at $3,289,188.74. This trade represents a 39.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 20.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on LOAR. Zacks Research raised shares of Loar to a “hold” rating in a research note on Monday, March 9th. Jefferies Financial Group set a $75.00 price target on shares of Loar in a research note on Sunday, May 10th. Wall Street Zen downgraded shares of Loar from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $98.00 price target on shares of Loar in a research note on Thursday, February 26th. Finally, Weiss Ratings downgraded shares of Loar from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $83.00.

Loar Price Performance

LOAR stock opened at $67.70 on Wednesday. Loar Holdings Inc. has a 52-week low of $53.15 and a 52-week high of $88.75. The company has a fifty day moving average price of $62.36 and a 200-day moving average price of $65.67. The company has a market capitalization of $6.34 billion, a P/E ratio of 95.35 and a beta of 0.69. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.89 and a current ratio of 4.56.

Loar (NYSE:LOAR) last announced its earnings results on Thursday, May 7th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.19. Loar had a net margin of 12.64% and a return on equity of 8.47%. The business had revenue of $156.09 million during the quarter, compared to the consensus estimate of $149.71 million. During the same quarter last year, the firm earned $0.16 earnings per share. Loar’s quarterly revenue was up 36.1% on a year-over-year basis. Loar has set its FY 2026 guidance at 1.260-1.300 EPS. As a group, equities analysts expect that Loar Holdings Inc. will post 1.16 EPS for the current year.

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.