Capricorn Fund Managers Ltd Sells 24,673 Shares of Loar Holdings Inc. $LOAR

Capricorn Fund Managers Ltd decreased its position in shares of Loar Holdings Inc. (NYSE:LOAR) by 35.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,327 shares of the company’s stock after selling 24,673 shares during the period. Capricorn Fund Managers Ltd’s holdings in Loar were worth $2,597,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Xponance Inc. boosted its holdings in shares of Loar by 2.7% in the 3rd quarter. Xponance Inc. now owns 5,749 shares of the company’s stock worth $460,000 after purchasing an additional 150 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of Loar by 1.8% during the 2nd quarter. Captrust Financial Advisors now owns 12,147 shares of the company’s stock valued at $1,047,000 after buying an additional 214 shares in the last quarter. Xponance LLC raised its holdings in shares of Loar by 4.2% during the 4th quarter. Xponance LLC now owns 5,989 shares of the company’s stock valued at $407,000 after buying an additional 240 shares in the last quarter. Federation des caisses Desjardins du Quebec lifted its position in Loar by 16.8% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,727 shares of the company’s stock worth $117,000 after buying an additional 248 shares during the last quarter. Finally, Rakuten Securities Inc. bought a new stake in Loar in the 2nd quarter worth approximately $27,000.

Analysts Set New Price Targets

A number of brokerages have commented on LOAR. Morgan Stanley set a $91.00 price target on shares of Loar in a research report on Friday, May 8th. Zacks Research upgraded shares of Loar to a “hold” rating in a report on Monday, March 9th. Weiss Ratings cut shares of Loar from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Jefferies Financial Group set a $75.00 target price on shares of Loar in a report on Sunday, May 10th. Finally, Royal Bank Of Canada decreased their target price 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. Four research 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.com, the company has an average rating of “Moderate Buy” and a consensus target price of $86.20.

Insider Activity

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 value of $2,120,650.00. Following the transaction, the director directly owned 54,286 shares of the company’s stock, valued at $3,289,188.74. The trade was 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 through this link. Corporate insiders own 20.10% of the company’s stock.

Loar Price Performance

LOAR opened at $80.26 on Wednesday. The stock’s 50 day simple moving average is $64.50 and its 200 day simple moving average is $66.15. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.56 and a quick ratio of 2.89. Loar Holdings Inc. has a 1 year low of $53.15 and a 1 year high of $85.21. The firm has a market cap of $7.51 billion, a price-to-earnings ratio of 113.04 and a beta of 0.69.

Loar (NYSE:LOAR) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $149.71 million. During the same period in the previous year, the firm earned $0.16 EPS. The business’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, analysts predict that Loar Holdings Inc. will post 1.16 earnings per share for the current year.

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.