UBS Group AG Acquires 927,908 Shares of Loar Holdings Inc. $LOAR

Key Points

• UBS Group AG boosted its Q4 stake in Loar by 266%, buying 927,908 shares to hold 1,276,780 shares (about 1.36% of the company) valued at roughly $86.82 million.
• Insiders increased positions recently (Dirkson R. Charles bought 36,434 shares; Director Raja Bobbili bought 50,000), with insiders acquiring 173,800 shares in the past 90 days and now owning 22.60% of Loar.
• Loar has a Moderate Buy consensus (average target $89), recently beat earnings (Q EPS $0.26 vs $0.19; revenue $131.75M) and is trading near $55.30 with a market cap of $5.18B and a P/E of ~73.7.

UBS Group AG raised its holdings in shares of Loar Holdings Inc. (NYSE:LOAR - Free Report) by 266.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,276,780 shares of the company's stock after acquiring an additional 927,908 shares during the quarter. UBS Group AG owned approximately 1.36% of Loar worth $86,821,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Quent Capital LLC bought a new position in shares of Loar during the 4th quarter worth approximately $216,000. Teachers Retirement System of The State of Kentucky grew its stake in shares of Loar by 14.2% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 19,726 shares of the company's stock worth $1,341,000 after acquiring an additional 2,447 shares in the last quarter. B. Metzler seel. Sohn & Co. AG grew its stake in shares of Loar by 37.9% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 32,062 shares of the company's stock worth $2,180,000 after acquiring an additional 8,807 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Loar by 16.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,220 shares of the company's stock worth $491,000 after acquiring an additional 1,038 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Loar by 104.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,042 shares of the company's stock worth $71,000 after acquiring an additional 533 shares in the last quarter.

Insiders Place Their Bets

In other Loar news, insider Dirkson R. Charles purchased 36,434 shares of the business's stock in a transaction on Thursday, March 12th. The stock was acquired at an average price of $67.45 per share, with a total value of $2,457,473.30. Following the acquisition, the insider directly owned 4,087,005 shares of the company's stock, valued at $275,668,487.25. This trade represents a 0.90% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Raja Bobbili purchased 50,000 shares of the business's stock in a transaction on Thursday, March 12th. The shares were acquired at an average cost of $63.61 per share, with a total value of $3,180,500.00. Following the acquisition, the director directly owned 50,000 shares in the company, valued at approximately $3,180,500. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders acquired 173,800 shares of company stock worth $11,327,673. Company insiders own 22.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada decreased their price target on shares of Loar from $92.00 to $90.00 and set an "outperform" rating for the company in a research note on Wednesday, February 18th. Weiss Ratings reissued a "hold (c-)" rating on shares of Loar in a research note on Friday, April 10th. Wall Street Zen cut shares of Loar from a "buy" rating to a "hold" rating in a research note on Saturday, February 28th. The Goldman Sachs Group reissued a "buy" rating and issued a $98.00 target price on shares of Loar in a research note on Thursday, February 26th. Finally, Zacks Research raised shares of Loar to a "hold" rating in a research note on Monday, March 9th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Loar currently has a consensus rating of "Moderate Buy" and an average target price of $89.00.

Loar Trading Down 1.5%

Shares of Loar stock opened at $55.30 on Friday. The business has a fifty day simple moving average of $63.40 and a two-hundred day simple moving average of $68.26. Loar Holdings Inc. has a 1 year low of $53.15 and a 1 year high of $99.67. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 73.74 and a beta of 0.56. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.70 and a quick ratio of 2.98.

Loar (NYSE:LOAR - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.07. Loar had a return on equity of 7.54% and a net margin of 14.54%.The business had revenue of $131.75 million during the quarter, compared to the consensus estimate of $128.00 million. During the same quarter last year, the firm posted $0.11 EPS. The company's quarterly revenue was up 19.3% on a year-over-year basis. Loar has set its FY 2026 guidance at 0.760-0.800 EPS. Research analysts forecast that Loar Holdings Inc. will post 0.66 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.