Loar Holdings Inc. $LOAR Shares Bought by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has increased its holdings in Loar Holdings Inc. by 0.5%, bringing its total shares to approximately 2.92% of the company, valued at around $193.24 million.
• Loar reported a quarterly earnings per share (EPS) of $0.23, exceeding analyst expectations, and its revenue increased by 26.8% year-over-year to $123.12 million.
• Analysts have a consensus rating of "Buy" on Loar, with a target price set at $97.00, reflecting positive sentiment following recent upgrades from multiple research firms.

Vanguard Group Inc. boosted its stake in Loar Holdings Inc. (NYSE:LOAR - Free Report) by 0.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 2,735,157 shares of the company's stock after purchasing an additional 13,832 shares during the period. Vanguard Group Inc. owned about 2.92% of Loar worth $193,239,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in LOAR. Fred Alger Management LLC increased its holdings in Loar by 164.0% in the 4th quarter. Fred Alger Management LLC now owns 555,366 shares of the company's stock valued at $41,047,000 after purchasing an additional 345,036 shares during the last quarter. Alyeska Investment Group L.P. boosted its position in Loar by 99.8% in the 4th quarter. Alyeska Investment Group L.P. now owns 650,000 shares of the company's stock valued at $48,042,000 after buying an additional 324,700 shares during the period. Balyasny Asset Management L.P. purchased a new position in Loar in the 4th quarter valued at approximately $19,344,000. BNP Paribas Financial Markets boosted its position in Loar by 2,146.0% in the 4th quarter. BNP Paribas Financial Markets now owns 238,820 shares of the company's stock valued at $17,651,000 after buying an additional 228,187 shares during the period. Finally, Ghisallo Capital Management LLC boosted its position in Loar by 1,233.3% in the 4th quarter. Ghisallo Capital Management LLC now owns 200,000 shares of the company's stock valued at $14,782,000 after buying an additional 185,000 shares during the period.

Loar Stock Down 0.7%

Shares of Loar stock traded down $0.4860 during trading on Friday, hitting $72.5240. 1,236,758 shares of the stock were exchanged, compared to its average volume of 1,009,687. The stock has a market cap of $6.79 billion, a price-to-earnings ratio of 157.66 and a beta of 0.11. The firm's 50-day moving average price is $76.40 and its 200 day moving average price is $78.44. Loar Holdings Inc. has a 12-month low of $62.10 and a 12-month high of $99.67. The company has a debt-to-equity ratio of 0.25, a current ratio of 6.15 and a quick ratio of 4.01.

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on LOAR shares. Citigroup raised their price target on shares of Loar from $91.00 to $99.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Wall Street Zen raised shares of Loar from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, Morgan Stanley started coverage on shares of Loar in a research report on Friday, May 23rd. They issued an "overweight" rating and a $100.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $97.00.

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.