Loar Holdings Inc. $LOAR Stock: Sterling Capital Management LLC Lowers Position

Key Points

• Sterling Capital Management cut its Loar Holdings stake by 93.1% in the third quarter, selling 17,078 shares and retaining 1,259 shares valued at about $77,000.
• Other investors initiated positions, while analysts’ consensus rating is “Moderate Buy” with an average price target of $86; ratings are mixed, with four Buys and three Holds.
• Loar beat quarterly earnings and revenue estimates, reporting EPS of $0.38 and revenue of $171.58 million; revenue grew 39.4% year over year.

Sterling Capital Management LLC trimmed its holdings in shares of Loar Holdings Inc. (NYSE:LOAR - Free Report) by 93.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,259 shares of the company's stock after selling 17,078 shares during the period. Sterling Capital Management LLC's holdings in Loar were worth $77,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Axxcess Wealth Management LLC acquired a new stake in Loar during the 3rd quarter worth about $272,000. Commonwealth Financial Services LLC purchased a new position in Loar during the 3rd quarter valued at about $274,000. SteelPeak Wealth LLC acquired a new position in shares of Loar in the 3rd quarter valued at about $265,000. Cyndeo Wealth Partners LLC acquired a new position in shares of Loar in the 3rd quarter valued at about $257,000. Finally, Sax Wealth Advisors LLC acquired a new position in shares of Loar in the 3rd quarter valued at about $216,000.

Wall Street Analysts Forecast Growth

LOAR has been the subject of several research reports. Morgan Stanley decreased their price target on shares of Loar from $82.00 to $72.00 and set an "equal weight" rating for the company in a report on Friday, October 16th. Weiss Ratings reiterated a "hold (c)" rating on shares of Loar in a research note on Tuesday, October 6th. 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. Jefferies Financial Group reiterated a "buy" rating and issued a $88.00 target price on shares of Loar in a research report on Sunday, August 9th. Finally, Zacks Research lowered shares of Loar from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 9th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $86.00.

Loar Stock Performance

Shares of NYSE LOAR opened at $68.49 on Wednesday. The business's 50-day moving average price is $64.81 and its two-hundred day moving average price is $66.67. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.91 and a quick ratio of 3.24. Loar Holdings Inc. has a one year low of $53.15 and a one year high of $82.49. The company has a market capitalization of $6.42 billion, a P/E ratio of 58.54 and a beta of 0.63.

Loar (NYSE:LOAR - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.07. The company had revenue of $171.58 million for the quarter, compared to analyst estimates of $162.80 million. Loar had a return on equity of 9.37% and a net margin of 11.60%. The business's revenue was up 39.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 EPS. Loar has set its FY 2026 guidance at 1.320-1.360 EPS. Analysts anticipate that Loar Holdings Inc. will post 1.20 earnings per share for the current fiscal year.

Loar Company Profile

Loar Holdings Inc is an aerospace and defense company that designs, manufactures and sells highly engineered, mission-critical components and systems. Its products are used in commercial and military aircraft, business jets, general aviation, space vehicles and other defense applications.

The company's product portfolio includes specialized components such as shock absorbers, vibration-control products, elastomeric components, seals, electronic systems and other aircraft and defense parts.

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