JPMorgan Chase & Co. Increases Stock Holdings in Loar Holdings Inc. $LOAR

JPMorgan Chase & Co. grew its stake in Loar Holdings Inc. (NYSE:LOAR) by 72.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 513,323 shares of the company’s stock after purchasing an additional 214,978 shares during the period. JPMorgan Chase & Co. owned approximately 0.55% of Loar worth $41,066,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Morningstar Investment Management LLC acquired a new stake in shares of Loar during the third quarter worth $1,779,000. PharVision Advisers LLC acquired a new position in Loar in the 3rd quarter valued at $218,000. Dark Forest Capital Management LP purchased a new position in Loar during the 3rd quarter worth $2,371,000. Zimmer Partners LP raised its position in Loar by 52.9% during the 3rd quarter. Zimmer Partners LP now owns 130,000 shares of the company’s stock worth $10,400,000 after buying an additional 45,000 shares during the last quarter. Finally, Alyeska Investment Group L.P. lifted its stake in shares of Loar by 28.7% in the 3rd quarter. Alyeska Investment Group L.P. now owns 560,000 shares of the company’s stock worth $44,800,000 after acquiring an additional 125,000 shares during the period.

Insider Transactions at Loar

In other news, Director Raja Bobbili purchased 50,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The shares were acquired at an average price of $63.61 per share, for a total transaction of $3,180,500.00. Following the acquisition, the director directly owned 50,000 shares in the company, valued at approximately $3,180,500. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anthony Carpenito acquired 4,750 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average cost of $64.97 per share, with a total value of $308,607.50. Following the completion of the purchase, the director directly owned 4,750 shares in the company, valued at $308,607.50. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 173,800 shares of company stock worth $11,327,673 over the last quarter. Insiders own 22.60% of the company’s stock.

Loar Stock Down 6.2%

Shares of NYSE LOAR opened at $59.34 on Friday. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 79.11 and a beta of 0.34. Loar Holdings Inc. has a 52 week low of $58.64 and a 52 week high of $99.67. The firm has a 50-day moving average price of $68.45 and a 200 day moving average price of $71.97. The company has a quick ratio of 2.98, a current ratio of 4.70 and a debt-to-equity ratio of 0.61.

Loar (NYSE:LOAR) last issued its earnings results on Thursday, February 26th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.07. Loar had a net margin of 14.54% and a return on equity of 7.54%. The company had revenue of $131.75 million for the quarter, compared to analyst estimates of $128.00 million. During the same period in the prior year, the business posted $0.11 earnings per share. The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. Loar has set its FY 2026 guidance at 0.760-0.800 EPS. Equities research analysts anticipate that Loar Holdings Inc. will post 0.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LOAR. Wall Street Zen downgraded shares of Loar from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Royal Bank Of Canada reduced their price objective on shares of Loar from $92.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, February 18th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $98.00 price objective on shares of Loar in a report on Thursday, February 26th. Zacks Research upgraded Loar to a “hold” rating in a research report on Monday, March 9th. Finally, Citigroup increased their target price on Loar from $81.00 to $83.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Loar presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

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.