Cerity Partners LLC Makes New $20.88 Million Investment in Loar Holdings Inc. $LOAR

Cerity Partners LLC purchased a new position in shares of Loar Holdings Inc. (NYSE:LOAR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 242,354 shares of the company’s stock, valued at approximately $20,884,000. Cerity Partners LLC owned approximately 0.26% of Loar at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Thrive Wealth Management LLC bought a new position in Loar in the second quarter worth approximately $3,523,000. Vanguard Group Inc. boosted its position in Loar by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 2,735,157 shares of the company’s stock valued at $193,239,000 after acquiring an additional 13,832 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Loar in the 2nd quarter valued at $769,000. T. Rowe Price Investment Management Inc. raised its position in shares of Loar by 232.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,601,485 shares of the company’s stock worth $113,145,000 after acquiring an additional 1,119,958 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in shares of Loar by 45.1% during the 2nd quarter. Federated Hermes Inc. now owns 1,649,069 shares of the company’s stock worth $142,100,000 after purchasing an additional 512,416 shares during the last quarter.

Loar Stock Down 0.8%

Shares of LOAR stock opened at $65.85 on Wednesday. Loar Holdings Inc. has a fifty-two week low of $62.10 and a fifty-two week high of $99.67. The firm has a market capitalization of $6.17 billion, a PE ratio of 99.77 and a beta of 0.36. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.81 and a current ratio of 5.92. The stock’s 50-day simple moving average is $74.09 and its 200-day simple moving average is $76.71.

Loar (NYSE:LOAR) last issued its earnings results on Wednesday, November 12th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.13. Loar had a return on equity of 6.45% and a net margin of 13.33%.The firm had revenue of $126.75 million for the quarter, compared to analyst estimates of $126.80 million. During the same quarter in the prior year, the firm earned $0.15 earnings per share. Loar’s revenue for the quarter was up 22.5% on a year-over-year basis. Loar has set its FY 2026 guidance at 0.980-1.03 EPS and its FY 2025 guidance at 0.930-0.980 EPS. Equities analysts expect that Loar Holdings Inc. will post 0.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LOAR. Zacks Research upgraded Loar from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Wall Street Zen upgraded shares of Loar from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Loar in a research report on Monday. Morgan Stanley cut their price target on shares of Loar from $100.00 to $97.00 and set an “overweight” rating on the stock in a report on Thursday, November 13th. Finally, The Goldman Sachs Group initiated coverage on Loar in a report on Tuesday, November 25th. They set a “buy” rating and a $91.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Loar currently has a consensus rating of “Buy” and an average price target of $94.75.

Loar 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.