Capital International Ltd. CA Acquires Shares of 39,921 Loar Holdings Inc. $LOAR

Capital International Ltd. CA purchased a new position in shares of Loar Holdings Inc. (NYSE:LOAR) during the fourth quarter, HoldingsChannel reports. The fund purchased 39,921 shares of the company’s stock, valued at approximately $2,715,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capricorn Fund Managers Ltd bought a new position in shares of Loar during the fourth quarter worth $4,760,000. UBS Group AG boosted its position in shares of Loar by 266.0% during the fourth quarter. UBS Group AG now owns 1,276,780 shares of the company’s stock worth $86,821,000 after purchasing an additional 927,908 shares in the last quarter. TimesSquare Capital Management LLC boosted its position in shares of Loar by 16.8% during the third quarter. TimesSquare Capital Management LLC now owns 907,093 shares of the company’s stock worth $72,567,000 after purchasing an additional 130,364 shares in the last quarter. Riverbridge Partners LLC bought a new position in shares of Loar during the fourth quarter worth $18,839,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Loar by 72.1% during the third quarter. JPMorgan Chase & Co. now owns 513,323 shares of the company’s stock worth $41,066,000 after purchasing an additional 214,978 shares in the last quarter.

Loar Trading Up 0.3%

Shares of NYSE:LOAR opened at $63.51 on Monday. Loar Holdings Inc. has a 12 month low of $53.15 and a 12 month high of $90.81. The company has a quick ratio of 2.89, a current ratio of 4.56 and a debt-to-equity ratio of 0.80. The company’s fifty day simple moving average is $60.98 and its 200 day simple moving average is $65.62. The firm has a market cap of $5.95 billion, a price-to-earnings ratio of 89.44 and a beta of 0.68.

Loar (NYSE:LOAR) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.19. Loar had a net margin of 12.64% and a return on equity of 8.47%. The business had revenue of $156.09 million for the quarter, compared to analyst estimates of $149.71 million. During the same period last year, the business posted $0.16 earnings per share. The firm’s quarterly revenue was up 36.1% on a year-over-year basis. Loar has set its FY 2026 guidance at 1.260-1.300 EPS. As a group, research analysts forecast that Loar Holdings Inc. will post 1.16 EPS for the current fiscal year.

Insider Buying and Selling at Loar

In other Loar news, Director Taiwo K. Danmola sold 35,000 shares of Loar stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $60.59, for a total value of $2,120,650.00. Following the sale, the director directly owned 54,286 shares in the company, valued at approximately $3,289,188.74. The trade was a 39.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Raja Bobbili purchased 50,000 shares of the stock in a transaction on Thursday, March 12th. The stock was acquired at an average price of $63.61 per share, for a total transaction of $3,180,500.00. Following the completion of the purchase, the director directly owned 50,000 shares in the company, valued at approximately $3,180,500. The trade was a ? increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired a total of 173,800 shares of company stock valued at $11,327,673 over the last quarter. 20.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

LOAR has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of Loar from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Citigroup reduced their price target on shares of Loar from $83.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Morgan Stanley set a $91.00 price objective on shares of Loar in a report on Friday, May 8th. Royal Bank Of Canada dropped their price objective on shares of Loar from $90.00 to $80.00 and set an “outperform” rating on the stock in a report on Friday, May 8th. Finally, Weiss Ratings lowered shares of Loar from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Loar currently has an average rating of “Moderate Buy” and an average target price of $83.00.

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.