Capricorn Fund Managers Ltd Acquires New Position in Loar Holdings Inc. $LOAR

Capricorn Fund Managers Ltd bought a new position in Loar Holdings Inc. (NYSE:LOAR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 70,000 shares of the company’s stock, valued at approximately $4,760,000. Capricorn Fund Managers Ltd owned 0.07% of Loar as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the business. Royal Bank of Canada boosted its holdings in shares of Loar by 7.6% during the first quarter. Royal Bank of Canada now owns 15,310 shares of the company’s stock worth $1,082,000 after purchasing an additional 1,081 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Loar by 10.1% in the first quarter. Goldman Sachs Group Inc. now owns 538,592 shares of the company’s stock valued at $38,052,000 after purchasing an additional 49,629 shares during the last quarter. American Century Companies Inc. purchased a new position in Loar during the second quarter worth about $2,757,000. Prudential Financial Inc. purchased a new position in Loar during the second quarter worth about $245,000. Finally, Russell Investments Group Ltd. acquired a new stake in Loar in the 2nd quarter worth about $945,000.

Wall Street Analyst Weigh In

Several analysts have commented on LOAR shares. Wall Street Zen cut Loar from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Citigroup decreased their target price on shares of Loar from $83.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday. Royal Bank Of Canada lowered their target price on shares of Loar from $92.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Loar in a research note on Monday, December 29th. Finally, Zacks Research upgraded shares of Loar to a “hold” rating in a report on Monday, March 9th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $89.00.

Loar Trading Up 0.2%

NYSE LOAR opened at $57.14 on Monday. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 76.19 and a beta of 0.89. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.98 and a current ratio of 4.70. Loar Holdings Inc. has a one year low of $54.58 and a one year high of $99.67. The company’s 50 day moving average price is $65.36 and its 200 day moving average price is $70.54.

Loar (NYSE:LOAR) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.26 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $128.00 million. During the same period in the previous year, the firm earned $0.11 earnings per share. Loar’s revenue for the quarter was up 19.3% on a year-over-year basis. Loar has set its FY 2026 guidance at 0.760-0.800 EPS. On average, sell-side analysts predict that Loar Holdings Inc. will post 0.28 EPS for the current year.

Insider Transactions at Loar

In other news, Director Anthony Carpenito acquired 4,750 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were purchased at an average price of $64.97 per share, for a total transaction of $308,607.50. Following the completion of the purchase, the director directly owned 4,750 shares of the company’s stock, valued at $308,607.50. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul S. Levy bought 75,000 shares of Loar stock in a transaction on Friday, March 13th. The shares were purchased at an average cost of $64.90 per share, for a total transaction of $4,867,500.00. Following the acquisition, the director owned 8,087,580 shares in the company, valued at $524,883,942. The trade was a 0.94% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 173,800 shares of company stock valued at $11,327,673 over the last ninety days. 22.60% of the stock is currently owned by company insiders.

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.