Loar Holdings Inc. $LOAR Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lowered its stake in shares of Loar Holdings Inc. (NYSE:LOAR) by 4.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 174,323 shares of the company’s stock after selling 9,032 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.19% of Loar worth $9,987,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of LOAR. Rakuten Securities Inc. acquired a new position in shares of Loar in the 2nd quarter valued at $27,000. Fifth Third Bancorp acquired a new stake in Loar during the 4th quarter worth $28,000. Sunbelt Securities Inc. lifted its position in 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 acquiring an additional 417 shares during the last quarter. Danske Bank A S purchased a new stake in Loar in the fourth quarter valued at $62,000. Finally, State of Wyoming acquired a new position in Loar in the first quarter valued at $65,000.

Insiders Place Their Bets

In other Loar news, Director Taiwo K. Danmola sold 35,000 shares of Loar stock in a transaction that occurred on 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 transaction, the director directly owned 54,286 shares in the company, valued at approximately $3,289,188.74. This trade represents a 39.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 20.10% of the company’s stock.

Loar Trading Up 0.1%

NYSE LOAR opened at $68.50 on Monday. The firm’s fifty day moving average is $70.37 and its two-hundred day moving average is $66.62. Loar Holdings Inc. has a one year low of $53.15 and a one year high of $83.43. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.89 and a current ratio of 4.56. The firm has a market cap of $6.41 billion, a PE ratio of 96.48 and a beta of 0.47.

Loar (NYSE:LOAR) last announced its earnings results on Thursday, May 7th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $149.71 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The business’s quarterly revenue was up 36.1% compared to the same quarter last year. Loar has set its FY 2026 guidance at 1.260-1.300 EPS. Analysts expect that Loar Holdings Inc. will post 1.16 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Jefferies Financial Group set a $75.00 price objective on Loar in a report on Sunday, May 10th. Citigroup upped their target price 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 dropped their price target on Loar from $90.00 to $80.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. Zacks Research raised Loar from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings upgraded Loar from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Loar currently has an average rating of “Moderate Buy” and a consensus target price of $84.40.

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.