Loar Holdings Inc. $LOAR Stock Holdings Decreased by Beck Mack & Oliver LLC

Key Points

• Beck Mack & Oliver LLC decreased its stake in Loar Holdings by 30.8%, selling 20,000 shares in the first quarter, reducing its ownership to 45,000 shares valued at approximately $3.18 million.
• Loar Holdings recently received upgrades from several analysts, with Citigroup raising its target price from $91 to $99 and assigning a "buy" rating, contributing to a consensus rating of "buy" and an average price target of $97.
• Shares of Loar Holdings have experienced a decline of 2.9%, closing at $70.71, while the company also reported a quarterly earnings beat with EPS of $0.23 against estimates of $0.19 and a 26.8% year-over-year revenue increase.

Beck Mack & Oliver LLC decreased its holdings in shares of Loar Holdings Inc. (NYSE:LOAR - Free Report) by 30.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,000 shares of the company's stock after selling 20,000 shares during the period. Beck Mack & Oliver LLC's holdings in Loar were worth $3,179,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in LOAR. Wells Fargo & Company MN increased its holdings in shares of Loar by 179.9% in the fourth quarter. Wells Fargo & Company MN now owns 6,536 shares of the company's stock worth $483,000 after buying an additional 4,201 shares during the period. Barclays PLC lifted its position in Loar by 12.1% in the 4th quarter. Barclays PLC now owns 3,298 shares of the company's stock valued at $243,000 after acquiring an additional 355 shares in the last quarter. MetLife Investment Management LLC raised its stake in Loar by 179.4% during the 4th quarter. MetLife Investment Management LLC now owns 1,735 shares of the company's stock valued at $128,000 after buying an additional 1,114 shares during the last quarter. Voya Investment Management LLC raised its stake in Loar by 171.8% during the 4th quarter. Voya Investment Management LLC now owns 12,496 shares of the company's stock valued at $924,000 after buying an additional 7,899 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Loar by 132.5% in the 4th quarter. Northern Trust Corp now owns 100,579 shares of the company's stock worth $7,434,000 after purchasing an additional 57,317 shares in the last quarter.

Loar Stock Performance

NYSE LOAR traded up $1.69 during trading hours on Friday, hitting $75.42. 259,369 shares of the stock were exchanged, compared to its average volume of 837,601. Loar Holdings Inc. has a 12-month low of $62.10 and a 12-month high of $99.67. The company has a quick ratio of 4.01, a current ratio of 6.15 and a debt-to-equity ratio of 0.25. The company has a market cap of $7.06 billion, a price-to-earnings ratio of 163.91 and a beta of 0.09. The stock has a 50-day moving average of $74.50 and a 200 day moving average of $78.33.

Loar (NYSE:LOAR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.04. The business had revenue of $123.12 million during the quarter, compared to analysts' expectations of $122.17 million. Loar had a net margin of 9.82% and a return on equity of 5.50%. The company's revenue was up 26.8% on a year-over-year basis. During the same period last year, the company posted $0.13 EPS. Loar has set its FY 2025 guidance at 0.830-0.88 EPS. As a group, equities research analysts forecast that Loar Holdings Inc. will post 0.28 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on LOAR. Wall Street Zen raised shares of Loar from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Citigroup lifted their price target on shares of Loar from $91.00 to $99.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Finally, Morgan Stanley assumed coverage on shares of Loar in a report on Friday, May 23rd. They issued an "overweight" rating and a $100.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $97.00.

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.