AXQ Capital LP Has $273,000 Stock Holdings in Loar Holdings Inc. $LOAR

Key Points

• AXQ Capital sharply reduced its Loar Holdings stake by 86.7% in the second quarter, selling 22,015 shares and retaining 3,382 shares valued at approximately $273,000.
• Wall Street remains generally optimistic, with Loar receiving a consensus “Moderate Buy” rating and an average price target of $88, despite one analyst maintaining a Hold rating.
• Loar reported strong quarterly results, posting $0.38 in EPS and $171.58 million in revenue, beating estimates and representing 39.4% year-over-year revenue growth.

AXQ Capital LP reduced its position in shares of Loar Holdings Inc. (NYSE:LOAR - Free Report) by 86.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,382 shares of the company's stock after selling 22,015 shares during the period. AXQ Capital LP's holdings in Loar were worth $273,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Rakuten Securities Inc. acquired a new position in Loar in the 2nd quarter valued at approximately $27,000. Nykredit A S acquired a new stake in Loar during the 2nd quarter valued at approximately $33,000. Sunbelt Securities Inc. raised its holdings in Loar by 238.3% during the 4th quarter. Sunbelt Securities Inc. now owns 592 shares of the company's stock worth $40,000 after purchasing an additional 417 shares during the last quarter. Fifth Third Bancorp raised its holdings in Loar by 174.6% during the 1st quarter. Fifth Third Bancorp now owns 1,115 shares of the company's stock worth $64,000 after purchasing an additional 709 shares during the last quarter. Finally, State of Wyoming acquired a new position in shares of Loar in the 1st quarter worth approximately $65,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on LOAR shares. Royal Bank Of Canada upped their price objective on shares of Loar from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. Morgan Stanley restated an "equal weight" rating and issued a $82.00 target price (down from $91.00) on shares of Loar in a report on Wednesday, July 15th. Citigroup upped their price target on shares of Loar from $71.00 to $87.00 and gave the company a "buy" rating in a research report on Thursday, June 25th. Jefferies Financial Group reiterated a "buy" rating and set a $88.00 price target on shares of Loar in a report on Sunday, August 9th. Finally, Zacks Research raised Loar from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $88.00.

Loar Price Performance

Shares of NYSE LOAR opened at $67.56 on Wednesday. The firm's 50-day moving average price is $72.65 and its 200-day moving average price is $67.34. Loar Holdings Inc. has a 1-year low of $53.15 and a 1-year high of $83.43. The firm has a market capitalization of $6.33 billion, a P/E ratio of 93.84 and a beta of 0.56. The company has a current ratio of 4.91, a quick ratio of 3.24 and a debt-to-equity ratio of 0.79.

Loar (NYSE:LOAR - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.31 by $0.07. Loar had a return on equity of 9.37% and a net margin of 11.60%.The company had revenue of $171.58 million during the quarter, compared to the consensus estimate of $162.80 million. During the same period last year, the business posted $0.23 EPS. The firm's revenue for the quarter was up 39.4% compared to the same quarter last year. Loar has set its FY 2026 guidance at 1.320-1.360 EPS. Equities research analysts anticipate that Loar Holdings Inc. will post 1.2 earnings per share for the current fiscal year.

Loar Company 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.

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