AXQ Capital LP Takes $316,000 Position in Loar Holdings Inc. $LOAR

AXQ Capital LP acquired a new position in shares of Loar Holdings Inc. (NYSE:LOAR) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,663 shares of the company’s stock, valued at approximately $316,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Legal & General Group Plc boosted its stake in Loar by 67.6% in the second quarter. Legal & General Group Plc now owns 46,125 shares of the company’s stock valued at $3,975,000 after acquiring an additional 18,598 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of Loar during the 2nd quarter valued at $1,081,000. Magnetar Financial LLC acquired a new stake in shares of Loar in the 2nd quarter worth $682,000. Swiss National Bank boosted its position in shares of Loar by 72.2% in the 2nd quarter. Swiss National Bank now owns 62,500 shares of the company’s stock worth $5,386,000 after purchasing an additional 26,200 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Loar during the 2nd quarter worth $401,000.

Loar Price Performance

Shares of NYSE:LOAR opened at $65.37 on Tuesday. Loar Holdings Inc. has a twelve month low of $62.10 and a twelve month high of $99.67. The company has a current ratio of 5.92, a quick ratio of 3.81 and a debt-to-equity ratio of 0.24. The company has a market cap of $6.12 billion, a PE ratio of 99.05 and a beta of 0.19. The company’s 50 day moving average is $76.63 and its 200 day moving average is $78.26.

Loar (NYSE:LOAR) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.22 by $0.13. The business had revenue of $126.75 million during the quarter, compared to analysts’ expectations of $126.80 million. Loar had a net margin of 13.33% and a return on equity of 6.45%. The business’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.15 EPS. Loar has set its FY 2026 guidance at 0.980-1.03 EPS. FY 2025 guidance at 0.930-0.980 EPS. On average, sell-side analysts forecast that Loar Holdings Inc. will post 0.28 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on LOAR shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Loar in a research note on Wednesday, November 19th. Wall Street Zen upgraded shares of Loar from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. Zacks Research raised shares of Loar from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. Finally, Morgan Stanley dropped their target price on shares of Loar from $100.00 to $97.00 and set an “overweight” rating on the stock in a research report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $96.00.

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.