Squarepoint Ops LLC Makes New $5.93 Million Investment in Loar Holdings Inc. $LOAR

Key Points

• Squarepoint Ops LLC purchased 73,548 Loar shares worth approximately $5.93 million during the second quarter, giving it a 0.08% stake. Several other institutional investors also increased their positions.
• Analysts maintain a generally positive view, with Loar receiving a consensus rating of “Moderate Buy” and an average price target of $88; Morgan Stanley lowered its target to $82 while Citigroup raised its target to $87.
• Loar exceeded quarterly expectations, reporting $0.38 EPS versus the $0.31 consensus and $171.58 million in revenue, up 39.4% year over year. Shares recently opened at $66.34, below the consensus target.

Squarepoint Ops LLC purchased a new stake in Loar Holdings Inc. (NYSE:LOAR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 73,548 shares of the company's stock, valued at approximately $5,929,000. Squarepoint Ops LLC owned 0.08% of Loar as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of LOAR. Capital International Investors increased its stake in shares of Loar by 61.8% in the 4th quarter. Capital International Investors now owns 7,218,814 shares of the company's stock valued at $490,879,000 after acquiring an additional 2,757,297 shares in the last quarter. Wellington Management Group LLP boosted its stake in Loar by 14.5% during the second quarter. Wellington Management Group LLP now owns 4,063,339 shares of the company's stock worth $327,546,000 after acquiring an additional 514,061 shares in the last quarter. Wasatch Advisors LP boosted its stake in Loar by 14.5% during the first quarter. Wasatch Advisors LP now owns 3,509,014 shares of the company's stock worth $201,031,000 after acquiring an additional 444,049 shares in the last quarter. California State Teachers Retirement System grew its holdings in Loar by 7,691.6% in the second quarter. California State Teachers Retirement System now owns 3,144,677 shares of the company's stock worth $253,492,000 after purchasing an additional 3,104,317 shares during the period. Finally, T. Rowe Price Investment Management Inc. grew its holdings in Loar by 39.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,533,540 shares of the company's stock worth $172,281,000 after purchasing an additional 711,182 shares during the period.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LOAR. Morgan Stanley reiterated an "equal weight" rating and set a $82.00 price objective (down from $91.00) on shares of Loar in a report on Wednesday, July 15th. Citigroup boosted their target price on Loar from $71.00 to $87.00 and gave the company a "buy" rating in a research report on Thursday, June 25th. Zacks Research raised Loar from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 3rd. Weiss Ratings upgraded Loar from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, July 10th. Finally, Jefferies Financial Group reissued a "buy" rating and issued a $88.00 price objective on shares of Loar in a research note on Sunday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $88.00.

Loar Stock Performance

LOAR opened at $66.34 on Friday. Loar Holdings Inc. has a 1-year low of $53.15 and a 1-year high of $83.43. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 92.13 and a beta of 0.56. The company's fifty day moving average price is $71.76 and its two-hundred day moving average price is $67.31. The company has a current ratio of 4.91, a quick ratio of 3.24 and a debt-to-equity ratio of 0.79.

Loar (NYSE:LOAR - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.07. Loar had a net margin of 11.60% and a return on equity of 9.37%. The firm had revenue of $171.58 million during the quarter, compared to analysts' expectations of $162.80 million. During the same period last year, the company earned $0.23 earnings per share. The business's revenue was up 39.4% on a year-over-year basis. Loar has set its FY 2026 guidance at 1.320-1.360 EPS. On average, analysts expect that Loar Holdings Inc. will post 1.2 EPS for the current fiscal year.

Loar Company Profile

Loar Holdings Inc is an aerospace and defense manufacturing company that designs, manufactures and sells highly engineered, mission-critical components and systems. Its products are used in commercial aerospace, business aviation, defense, space and select industrial applications, where reliability, performance and regulatory compliance are essential.

The company's product portfolio includes engineered elastomeric and vibration-control components, thermal and acoustic management products, specialized sensors, electronic components, and other customized systems.

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