Sterling Capital Management LLC Sells 7,751 Shares of Loar Holdings Inc. $LOAR

Sterling Capital Management LLC trimmed its position in shares of Loar Holdings Inc. (NYSE:LOAR) by 30.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,424 shares of the company’s stock after selling 7,751 shares during the quarter. Sterling Capital Management LLC’s holdings in Loar were worth $998,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Rakuten Securities Inc. acquired a new position in shares of Loar in the 2nd quarter worth approximately $27,000. Fifth Third Bancorp bought a new stake in shares of Loar during the fourth quarter worth $28,000. Sunbelt Securities Inc. increased its stake in shares of Loar by 238.3% in the fourth quarter. Sunbelt Securities Inc. now owns 592 shares of the company’s stock valued at $40,000 after buying an additional 417 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Loar by 122.4% in the third quarter. PNC Financial Services Group Inc. now owns 774 shares of the company’s stock valued at $62,000 after buying an additional 426 shares during the last quarter. Finally, Danske Bank A S acquired a new position in Loar during the 4th quarter worth about $62,000.

Loar Trading Up 0.6%

NYSE LOAR opened at $80.26 on Wednesday. Loar Holdings Inc. has a 12 month low of $53.15 and a 12 month high of $85.21. The stock has a 50-day simple moving average of $64.50 and a 200 day simple moving average of $66.15. The company has a current ratio of 4.56, a quick ratio of 2.89 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $7.51 billion, a PE ratio of 113.04 and a beta of 0.69.

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LOAR. Jefferies Financial Group set a $75.00 target price on shares of Loar in a research note on Sunday, May 10th. Morgan Stanley set a $91.00 price objective on shares of Loar in a research report on Friday, May 8th. Citigroup increased their price objective on Loar from $71.00 to $87.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Royal Bank Of Canada decreased their price target on Loar from $90.00 to $80.00 and set an “outperform” rating on the stock in a report on Friday, May 8th. Finally, Zacks Research upgraded Loar to a “hold” rating in a research report on Monday, March 9th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $86.20.

Insider Transactions at Loar

In other news, Director Taiwo K. Danmola sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $60.59, for a total value of $2,120,650.00. Following the completion of the transaction, the director owned 54,286 shares in the company, valued at $3,289,188.74. This trade represents a 39.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 20.10% of the company’s stock.

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.