11,755 Shares in Loar Holdings Inc. $LOAR Acquired by Capital International Inc. CA

Capital International Inc. CA bought a new position in shares of Loar Holdings Inc. (NYSE:LOAR) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 11,755 shares of the company’s stock, valued at approximately $799,000.

Several other hedge funds have also added to or reduced their stakes in LOAR. Royal Bank of Canada boosted its position in Loar by 7.6% during the 1st quarter. Royal Bank of Canada now owns 15,310 shares of the company’s stock worth $1,082,000 after buying an additional 1,081 shares during the period. Goldman Sachs Group Inc. boosted its position in Loar by 10.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 538,592 shares of the company’s stock worth $38,052,000 after buying an additional 49,629 shares during the period. Prudential Financial Inc. acquired a new stake in Loar during the 2nd quarter worth approximately $245,000. Russell Investments Group Ltd. acquired a new stake in Loar during the 2nd quarter worth approximately $945,000. Finally, WINTON GROUP Ltd acquired a new stake in Loar during the 2nd quarter worth approximately $204,000.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Loar to a “hold” rating in a research report on Monday, March 9th. Weiss Ratings downgraded shares of Loar from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Royal Bank Of Canada dropped their price target on shares of Loar from $90.00 to $80.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th. The Goldman Sachs Group restated a “buy” rating and issued a $98.00 price target on shares of Loar in a research report on Thursday, February 26th. Finally, Wall Street Zen downgraded shares of Loar from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $83.00.

Loar Stock Performance

NYSE:LOAR opened at $63.12 on Tuesday. The company has a fifty day moving average of $61.10 and a 200-day moving average of $65.60. The firm has a market capitalization of $5.91 billion, a P/E ratio of 88.90 and a beta of 0.68. The company has a quick ratio of 2.89, a current ratio of 4.56 and a debt-to-equity ratio of 0.80. Loar Holdings Inc. has a twelve month low of $53.15 and a twelve month high of $90.50.

Loar (NYSE:LOAR) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $149.71 million. Loar had a net margin of 12.64% and a return on equity of 8.47%. Loar’s revenue for the quarter was up 36.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 EPS. Loar has set its FY 2026 guidance at 1.260-1.300 EPS. As a group, sell-side analysts anticipate that Loar Holdings Inc. will post 1.16 EPS for the current year.

Insider Buying and Selling

In related news, Director Paul S. Levy acquired 75,000 shares of the stock in a transaction dated Friday, March 13th. The stock was bought at an average price of $64.90 per share, for a total transaction of $4,867,500.00. Following the purchase, 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. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anthony Carpenito acquired 4,750 shares of the stock in a transaction dated Thursday, March 12th. The stock was bought at an average price of $64.97 per share, with a total value of $308,607.50. Following the purchase, the director directly owned 4,750 shares in the company, valued at $308,607.50. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 170,400 shares of company stock worth $11,098,479 over the last ninety days. 20.10% of the stock is owned by company insiders.

Loar Company 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.