Vanguard Group Inc. Has $193.24 Million Holdings in Loar Holdings Inc. $LOAR

Vanguard Group Inc. raised its position in Loar Holdings Inc. (NYSE:LOAR) by 0.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 2,735,157 shares of the company’s stock after acquiring an additional 13,832 shares during the period. Vanguard Group Inc. owned approximately 2.92% of Loar worth $193,239,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of LOAR. Amalgamated Bank lifted its holdings in Loar by 13.1% during the first quarter. Amalgamated Bank now owns 2,261 shares of the company’s stock worth $160,000 after acquiring an additional 261 shares during the period. GAMMA Investing LLC raised its stake in shares of Loar by 204.9% in the first quarter. GAMMA Investing LLC now owns 372 shares of the company’s stock valued at $26,000 after buying an additional 250 shares during the period. Arizona State Retirement System bought a new stake in shares of Loar in the first quarter valued at $378,000. Fortress Investment Group LLC bought a new stake in shares of Loar in the fourth quarter valued at $739,000. Finally, Polar Asset Management Partners Inc. raised its stake in shares of Loar by 343.9% in the fourth quarter. Polar Asset Management Partners Inc. now owns 18,200 shares of the company’s stock valued at $1,345,000 after buying an additional 14,100 shares during the period.

Loar Stock Performance

NYSE:LOAR opened at $71.3280 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 4.01 and a current ratio of 6.15. Loar Holdings Inc. has a 52-week low of $62.10 and a 52-week high of $99.67. The firm has a market cap of $6.68 billion, a price-to-earnings ratio of 155.06 and a beta of 0.11. The business’s fifty day moving average is $77.07 and its 200 day moving average is $78.54.

Loar (NYSE:LOAR) last released its quarterly earnings data on Wednesday, August 13th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. Loar had a return on equity of 5.50% and a net margin of 9.82%.The company had revenue of $123.12 million for the quarter, compared to analyst estimates of $122.17 million. During the same period in the previous year, the company posted $0.13 EPS. The firm’s revenue for the quarter was up 26.8% compared to the same quarter last year. Loar has set its FY 2025 guidance at 0.830-0.88 EPS. Research analysts predict that Loar Holdings Inc. will post 0.28 EPS for the current year.

Analyst Ratings Changes

LOAR has been the topic of several research reports. Wall Street Zen upgraded Loar from a “hold” rating to a “buy” rating in a research note on Saturday. Citigroup boosted their target price on Loar from $91.00 to $99.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. Finally, Morgan Stanley initiated coverage on Loar in a research note on Friday, May 23rd. They issued an “overweight” rating and a $100.00 target price on the stock. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Loar currently has a consensus rating of “Buy” and a consensus target price of $97.00.

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.