Loar Holdings Inc. $LOAR Shares Acquired by Kingdon Capital Management L.L.C.

Key Points

• Kingdon Capital Management L.L.C. increased its holdings in Loar Holdings Inc. by 33.3% in the 1st quarter, owning a total of 100,000 shares valued at approximately $7,065,000.
• Loar Holdings has received a consensus "Buy" rating from analysts, with an average target price of $97.00, reflecting positive growth forecasts.
• Loar reported a 26.8% year-over-year revenue increase, with earnings per share of $0.23 for the last quarter, surpassing analysts' expectations.

Kingdon Capital Management L.L.C. grew its holdings in shares of Loar Holdings Inc. (NYSE:LOAR - Free Report) by 33.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 100,000 shares of the company's stock after buying an additional 25,000 shares during the period. Kingdon Capital Management L.L.C. owned 0.11% of Loar worth $7,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in LOAR. Vanguard Group Inc. lifted its stake in Loar by 0.5% during the first quarter. Vanguard Group Inc. now owns 2,735,157 shares of the company's stock worth $193,239,000 after purchasing an additional 13,832 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Loar by 232.6% during 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 buying an additional 1,119,958 shares during the last quarter. Invesco Ltd. lifted its position in shares of Loar by 38.5% during the 1st quarter. Invesco Ltd. now owns 1,179,384 shares of the company's stock worth $83,323,000 after buying an additional 327,888 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Loar by 13.8% in the 1st quarter. Federated Hermes Inc. now owns 1,136,653 shares of the company's stock valued at $80,305,000 after buying an additional 137,920 shares in the last quarter. Finally, Alyeska Investment Group L.P. grew its position in shares of Loar by 99.8% in the 4th quarter. Alyeska Investment Group L.P. now owns 650,000 shares of the company's stock valued at $48,042,000 after buying an additional 324,700 shares during the last quarter.

Loar Stock Performance

Shares of NYSE:LOAR traded up $0.89 during trading on Tuesday, reaching $71.55. The company had a trading volume of 641,164 shares, compared to its average volume of 839,527. Loar Holdings Inc. has a fifty-two week low of $62.10 and a fifty-two week high of $99.67. The company has a debt-to-equity ratio of 0.25, a current ratio of 6.15 and a quick ratio of 4.01. The stock's fifty day moving average price is $75.19 and its 200 day moving average price is $78.37. The firm has a market capitalization of $6.70 billion, a price-to-earnings ratio of 155.55 and a beta of 0.10.

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

Analysts Set New Price Targets

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

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.