Burkett Financial Services LLC Has $9.51 Million Position in Loar Holdings Inc. $LOAR

Burkett Financial Services LLC decreased its stake in shares of Loar Holdings Inc. (NYSE:LOAR) by 5.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 118,000 shares of the company’s stock after selling 7,000 shares during the quarter. Loar comprises about 3.0% of Burkett Financial Services LLC’s portfolio, making the stock its 10th biggest holding. Burkett Financial Services LLC’s holdings in Loar were worth $9,512,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in LOAR. Captrust Financial Advisors boosted its holdings in shares of Loar by 1.8% in the 2nd quarter. Captrust Financial Advisors now owns 12,147 shares of the company’s stock valued at $1,047,000 after buying an additional 214 shares during the last quarter. Xponance LLC increased its holdings in Loar by 4.2% during the fourth quarter. Xponance LLC now owns 5,989 shares of the company’s stock worth $407,000 after buying an additional 240 shares during the last quarter. Federation des caisses Desjardins du Quebec increased its holdings in Loar by 16.8% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,727 shares of the company’s stock worth $117,000 after buying an additional 248 shares during the last quarter. Rakuten Securities Inc. bought a new stake in Loar during the second quarter worth $27,000. Finally, Natixis Advisors LLC raised its position in Loar by 3.4% during the third quarter. Natixis Advisors LLC now owns 11,322 shares of the company’s stock worth $906,000 after acquiring an additional 370 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Weiss Ratings upgraded shares of Loar from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, July 10th. Royal Bank Of Canada lowered their price objective on shares of Loar from $90.00 to $80.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. Citigroup raised their target price on shares of Loar from $71.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Jefferies Financial Group set a $75.00 target price on Loar in a research note on Sunday, May 10th. Finally, Zacks Research raised Loar from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $84.40.

Loar Stock Performance

NYSE LOAR opened at $71.94 on Tuesday. The firm has a 50-day moving average of $70.57 and a 200-day moving average of $66.62. 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 stock has a market cap of $6.74 billion, a PE ratio of 101.33 and a beta of 0.57. Loar Holdings Inc. has a 52-week low of $53.15 and a 52-week high of $83.43.

Loar (NYSE:LOAR) last announced its earnings results on Thursday, May 7th. The company reported $0.34 EPS 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 previous year, the firm posted $0.16 EPS. Loar’s 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. On average, sell-side analysts anticipate that Loar Holdings Inc. will post 1.16 EPS for the current year.

Insider Transactions at Loar

In other news, Director Taiwo K. Danmola sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $60.59, for a total transaction of $2,120,650.00. Following the completion of the sale, the director owned 54,286 shares in the company, valued at $3,289,188.74. The trade was a 39.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 20.10% of the stock is owned by company insiders.

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.