Charles Schwab Investment Management Inc. Sells 786 Shares of Loar Holdings Inc. $LOAR

Charles Schwab Investment Management Inc. reduced its position in Loar Holdings Inc. (NYSE:LOAR) by 0.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 164,098 shares of the company’s stock after selling 786 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.18% of Loar worth $11,594,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Amalgamated Bank raised its stake in shares of Loar by 13.1% during the 1st quarter. Amalgamated Bank now owns 2,261 shares of the company’s stock worth $160,000 after purchasing an additional 261 shares during the period. GAMMA Investing LLC increased its holdings in Loar by 204.9% in the 1st quarter. GAMMA Investing LLC now owns 372 shares of the company’s stock worth $26,000 after acquiring an additional 250 shares during the last quarter. Arizona State Retirement System purchased a new position in Loar during the 1st quarter valued at about $378,000. Fortress Investment Group LLC purchased a new position in Loar during the 4th quarter valued at about $739,000. Finally, Polar Asset Management Partners Inc. grew its holdings in Loar by 343.9% during the 4th 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 in the last quarter.

Loar Trading Down 0.7%

Loar stock opened at $72.5240 on Monday. Loar Holdings Inc. has a one year low of $62.10 and a one year high of $99.67. The business’s fifty day moving average is $76.40 and its 200 day moving average is $78.46. The company has a debt-to-equity ratio of 0.25, a current ratio of 6.15 and a quick ratio of 4.01. The stock has a market capitalization of $6.79 billion, a PE ratio of 157.66 and a beta of 0.11.

Loar (NYSE:LOAR) last posted its earnings results on Wednesday, August 13th. The company reported $0.23 earnings per share 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 the consensus estimate of $122.17 million. During the same quarter in the prior year, the company earned $0.13 earnings per share. Loar’s revenue was up 26.8% on a year-over-year basis. Loar has set its FY 2025 guidance at 0.830-0.88 EPS. On average, sell-side analysts predict that Loar Holdings Inc. will post 0.28 EPS for the current year.

Wall Street Analysts Forecast Growth

LOAR has been the subject of several recent analyst reports. Citigroup boosted their price objective on Loar from $91.00 to $99.00 and gave the stock a “buy” rating in a report on Thursday, May 15th. Morgan Stanley started coverage on Loar in a research report on Friday, May 23rd. They issued an “overweight” rating and a $100.00 price objective for the company. Finally, Wall Street Zen raised Loar from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Loar currently has a consensus rating of “Buy” and an average price target of $97.00.

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.