Loar Holdings Inc. $LOAR Shares Sold by Seven Grand Managers LLC

Key Points

• Seven Grand Managers LLC sold 10,000 shares of Loar Holdings Inc., reducing its stake by 9.1% to 100,000 shares, representing 1.6% of its investment portfolio.
• Vanguard Group Inc. and Invesco Ltd. have increased their stakes in Loar by 0.5% and 38.5%, respectively, indicating growing institutional interest in the company.
• Loar Holdings reported a quarterly revenue increase of 26.8% year-over-year, with earnings per share of $0.23, surpassing analysts' estimates.

Seven Grand Managers LLC reduced its position in shares of Loar Holdings Inc. (NYSE:LOAR - Free Report) by 9.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,000 shares of the company's stock after selling 10,000 shares during the period. Loar makes up approximately 1.6% of Seven Grand Managers LLC's portfolio, making the stock its 22nd largest position. Seven Grand Managers LLC owned about 0.11% of Loar worth $7,065,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings 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 in the last quarter. Invesco Ltd. raised its holdings in Loar by 38.5% during the first quarter. Invesco Ltd. now owns 1,179,384 shares of the company's stock worth $83,323,000 after purchasing an additional 327,888 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Loar by 4.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,142,073 shares of the company's stock worth $84,411,000 after purchasing an additional 50,287 shares in the last quarter. Federated Hermes Inc. raised its holdings in Loar by 13.8% during the first quarter. Federated Hermes Inc. now owns 1,136,653 shares of the company's stock worth $80,305,000 after purchasing an additional 137,920 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its holdings in Loar by 99.8% during the fourth quarter. Alyeska Investment Group L.P. now owns 650,000 shares of the company's stock worth $48,042,000 after purchasing an additional 324,700 shares in the last quarter.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Citigroup upped their target price on shares of Loar from $91.00 to $99.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Wall Street Zen upgraded shares of Loar from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Morgan Stanley assumed coverage on shares of Loar in a research report on Friday, May 23rd. They set an "overweight" rating and a $100.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $97.00.

Loar Price Performance

Shares of LOAR stock traded up $0.3750 during trading hours on Wednesday, hitting $71.7950. The company's stock had a trading volume of 472,241 shares, compared to its average volume of 824,096. The business has a fifty day moving average of $77.07 and a 200-day moving average of $78.54. The stock has a market cap of $6.72 billion, a price-to-earnings ratio of 156.08 and a beta of 0.11. Loar Holdings Inc. has a twelve month low of $62.10 and a twelve month high of $99.67. The company has a current ratio of 6.15, a quick ratio of 4.01 and a debt-to-equity ratio of 0.25.

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