WINTON GROUP Ltd Takes Position in Loar Holdings Inc. $LOAR

Key Points

• WINTON GROUP Ltd initiated a position in Loar Holdings, purchasing 18,600 shares valued at approximately $1.5 million. Several other institutional investors also increased or established stakes in the aerospace and defense components maker.
• Loar reported stronger-than-expected quarterly results, with earnings per share of $0.38 versus the $0.31 consensus estimate and revenue of $171.58 million, up 39.4% year over year.
• Analyst sentiment is positive, with Loar receiving a “Moderate Buy” consensus rating and an average price target of $88, above its reported share price of $66.34.

WINTON GROUP Ltd bought a new stake in Loar Holdings Inc. (NYSE:LOAR - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 18,600 shares of the company's stock, valued at approximately $1,499,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Seven Grand Managers LLC increased its position in shares of Loar by 33.3% during the 4th quarter. Seven Grand Managers LLC now owns 100,000 shares of the company's stock worth $6,800,000 after purchasing an additional 25,000 shares during the last quarter. Norges Bank bought a new stake in shares of Loar during the 4th quarter worth approximately $46,053,000. Janus Henderson Group PLC boosted its holdings in shares of Loar by 54.0% in the 1st quarter. Janus Henderson Group PLC now owns 411,900 shares of the company's stock valued at $23,598,000 after buying an additional 144,375 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Loar in the 2nd quarter valued at approximately $5,929,000. Finally, Empowered Funds LLC grew its stake in shares of Loar by 183.1% in the first quarter. Empowered Funds LLC now owns 23,106 shares of the company's stock valued at $1,324,000 after buying an additional 14,943 shares in the last quarter.

Loar Price Performance

Loar stock opened at $66.34 on Friday. Loar Holdings Inc. has a 12 month low of $53.15 and a 12 month high of $83.43. The stock's 50 day moving average is $71.76 and its 200-day moving average 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. The company has a market capitalization of $6.22 billion, a price-to-earnings ratio of 92.13 and a beta of 0.56.

Loar (NYSE:LOAR - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates 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 firm's quarterly revenue was up 39.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 earnings per share. Loar has set its FY 2026 guidance at 1.320-1.360 EPS. Equities research analysts expect that Loar Holdings Inc. will post 1.2 EPS for the current year.

Wall Street Analyst Weigh In

LOAR has been the topic of a number of recent analyst reports. Weiss Ratings upgraded shares of Loar from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, July 10th. Zacks Research raised shares of Loar from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 3rd. Citigroup lifted their price objective on shares of Loar from $71.00 to $87.00 and gave the company a "buy" rating in a research report on Thursday, June 25th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $88.00 target price on shares of Loar in a report on Sunday, August 9th. Finally, Royal Bank Of Canada raised their target price 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. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Loar presently has an average rating of "Moderate Buy" and a consensus price target of $88.00.

Loar 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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