Public Employees Retirement System of Ohio Buys 9,794 Shares of Loar Holdings Inc. $LOAR

Public Employees Retirement System of Ohio increased its stake in shares of Loar Holdings Inc. (NYSE:LOAR) by 24.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 50,506 shares of the company’s stock after purchasing an additional 9,794 shares during the quarter. Public Employees Retirement System of Ohio owned 0.05% of Loar worth $4,352,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of LOAR. GAMMA Investing LLC increased its position in shares of Loar by 204.9% during the 1st quarter. GAMMA Investing LLC now owns 372 shares of the company’s stock valued at $26,000 after purchasing an additional 250 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Loar by 5,286.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 808 shares of the company’s stock valued at $57,000 after purchasing an additional 793 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of Loar by 16.1% during the 1st quarter. MetLife Investment Management LLC now owns 2,014 shares of the company’s stock valued at $142,000 after purchasing an additional 279 shares during the last quarter. Amalgamated Bank increased its position in shares of Loar by 13.1% during the 1st quarter. Amalgamated Bank now owns 2,261 shares of the company’s stock valued at $160,000 after purchasing an additional 261 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in shares of Loar by 184.3% during the 4th quarter. California State Teachers Retirement System now owns 2,226 shares of the company’s stock valued at $165,000 after purchasing an additional 1,443 shares during the last quarter.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Loar from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, Loar has an average rating of “Buy” and an average target price of $97.00.

Loar Price Performance

Shares of LOAR stock opened at $78.59 on Tuesday. Loar Holdings Inc. has a twelve month low of $62.10 and a twelve month high of $99.67. The stock has a market capitalization of $7.36 billion, a price-to-earnings ratio of 170.85 and a beta of 0.10. The stock has a fifty day simple moving average of $74.03 and a two-hundred day simple moving average of $79.73. The company has a current ratio of 6.15, a quick ratio of 4.01 and a debt-to-equity ratio of 0.25.

Loar (NYSE:LOAR) last issued its earnings results on Wednesday, August 13th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. Loar had a return on equity of 5.50% and a net margin of 9.82%.The business had revenue of $123.12 million during the quarter, compared to analysts’ expectations of $122.17 million. During the same period in the prior year, the business earned $0.13 EPS. The business’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. On average, analysts predict that Loar Holdings Inc. will post 0.28 EPS for the current fiscal 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.