Loar Holdings Inc. $LOAR Stock Position Raised by Seven Grand Managers LLC

Key Points

• Seven Grand Managers LLC increased its Loar Holdings stake by 33.3% in the fourth quarter, adding 25,000 shares to bring its total to 100,000 shares worth about $6.8 million.
• Loar reported strong quarterly results, with EPS of $0.34 beating estimates of $0.15 and revenue rising 36.1% year over year to $156.09 million.
• Analyst sentiment remains mixed but generally positive: the stock has a Moderate Buy rating with an average price target of $83, though several firms recently trimmed their targets.

Seven Grand Managers LLC lifted its position in Loar Holdings Inc. (NYSE:LOAR - Free Report) by 33.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 100,000 shares of the company's stock after acquiring an additional 25,000 shares during the quarter. Seven Grand Managers LLC owned approximately 0.11% of Loar worth $6,800,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Capital International Investors lifted its position in shares of Loar by 909.3% in the 3rd quarter. Capital International Investors now owns 4,461,517 shares of the company's stock valued at $356,921,000 after acquiring an additional 4,019,489 shares in the last quarter. Wasatch Advisors LP lifted its position in shares of Loar by 290.9% in the 2nd quarter. Wasatch Advisors LP now owns 2,624,649 shares of the company's stock valued at $226,166,000 after acquiring an additional 1,953,148 shares in the last quarter. Bamco Inc. NY lifted its position in shares of Loar by 165.2% in the 3rd quarter. Bamco Inc. NY now owns 1,809,099 shares of the company's stock valued at $144,728,000 after acquiring an additional 1,127,033 shares in the last quarter. State Street Corp lifted its position in shares of Loar by 66.3% in the 2nd quarter. State Street Corp now owns 1,660,474 shares of the company's stock valued at $143,083,000 after acquiring an additional 662,224 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Loar by 1.1% in the 3rd quarter. Alliancebernstein L.P. now owns 1,536,334 shares of the company's stock valued at $122,907,000 after acquiring an additional 16,270 shares in the last quarter.

Insider Activity at Loar

In other news, Director Taiwo K. Danmola sold 35,000 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $60.59, for a total transaction of $2,120,650.00. Following the transaction, the director owned 54,286 shares in the company, valued at $3,289,188.74. This represents a 39.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Dirkson R. Charles purchased 36,434 shares of the company's stock in a transaction dated Thursday, March 12th. The shares were acquired at an average price of $67.45 per share, for a total transaction of $2,457,473.30. Following the purchase, the insider owned 4,087,005 shares in the company, valued at $275,668,487.25. The trade was a 0.90% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 173,800 shares of company stock worth $11,327,673 over the last quarter. 20.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Royal Bank Of Canada dropped their price objective on shares of Loar from $90.00 to $80.00 and set an "outperform" rating on the stock in a research note on Friday, May 8th. Wall Street Zen lowered shares of Loar from a "buy" rating to a "hold" rating in a research note on Saturday, February 28th. Morgan Stanley set a $91.00 price objective on shares of Loar in a research note on Friday, May 8th. The Goldman Sachs Group reiterated a "buy" rating and issued a $98.00 price objective on shares of Loar in a research note on Thursday, February 26th. Finally, Citigroup dropped their price objective on shares of Loar from $83.00 to $71.00 and set a "buy" rating on the stock in a research note on Thursday, April 2nd. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Loar currently has an average rating of "Moderate Buy" and an average price target of $83.00.

Loar Stock Down 0.9%

Loar stock opened at $62.33 on Thursday. The firm has a market cap of $5.83 billion, a PE ratio of 87.78 and a beta of 0.55. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.89 and a current ratio of 4.56. The firm's 50 day moving average price is $60.66 and its two-hundred day moving average price is $65.96. Loar Holdings Inc. has a twelve month low of $53.15 and a twelve month high of $91.19.

Loar (NYSE:LOAR - Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.19. Loar had a net margin of 12.64% and a return on equity of 8.47%. The firm had revenue of $156.09 million for the quarter, compared to analyst estimates of $149.71 million. During the same quarter in the prior year, the business earned $0.16 EPS. The company's revenue for the quarter was up 36.1% compared to the same quarter last year. Loar has set its FY 2026 guidance at 1.260-1.300 EPS. On average, research analysts predict that Loar Holdings Inc. will post 1.16 EPS for the current fiscal year.

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.

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