Norges Bank Takes Position in Loar Holdings Inc. $LOAR

Norges Bank bought a new stake in Loar Holdings Inc. (NYSE:LOAR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 677,248 shares of the company’s stock, valued at approximately $46,053,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital International Investors grew its position in shares of Loar by 909.3% during the 3rd quarter. Capital International Investors now owns 4,461,517 shares of the company’s stock worth $356,921,000 after buying an additional 4,019,489 shares during the period. Wasatch Advisors LP grew its position in shares of Loar by 290.9% during the 2nd quarter. Wasatch Advisors LP now owns 2,624,649 shares of the company’s stock worth $226,166,000 after buying an additional 1,953,148 shares during the period. Bamco Inc. NY grew its position in shares of Loar by 165.2% during the 3rd quarter. Bamco Inc. NY now owns 1,809,099 shares of the company’s stock worth $144,728,000 after buying an additional 1,127,033 shares during the period. UBS Group AG grew its position in shares of Loar by 266.0% during the 4th quarter. UBS Group AG now owns 1,276,780 shares of the company’s stock worth $86,821,000 after buying an additional 927,908 shares during the period. Finally, Spyglass Capital Management LLC acquired a new stake in shares of Loar during the 3rd quarter worth approximately $67,926,000.

Insider Buying and Selling at Loar

In related news, Director Taiwo K. Danmola sold 35,000 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $60.59, for a total transaction of $2,120,650.00. Following the completion of the transaction, the director owned 54,286 shares in the company, valued at approximately $3,289,188.74. This represents a 39.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul S. Levy bought 75,000 shares of Loar stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average price of $64.90 per share, with a total value of $4,867,500.00. Following the acquisition, the director directly owned 8,087,580 shares of the company’s stock, valued at $524,883,942. The trade was a 0.94% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 170,400 shares of company stock valued at $11,098,479 in the last three months. 20.10% of the stock is currently owned by insiders.

Loar Stock Down 0.3%

Loar stock opened at $63.12 on Tuesday. The stock has a market capitalization of $5.91 billion, a PE ratio of 88.90 and a beta of 0.68. Loar Holdings Inc. has a twelve month low of $53.15 and a twelve month high of $90.50. 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 has a 50 day moving average of $61.10 and a 200-day moving average of $65.60.

Loar (NYSE:LOAR) last posted its quarterly earnings data 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. The company had revenue of $156.09 million during the quarter, compared to analysts’ expectations of $149.71 million. Loar had a return on equity of 8.47% and a net margin of 12.64%.Loar’s revenue for the quarter was up 36.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 earnings per share. Loar has set its FY 2026 guidance at 1.260-1.300 EPS. On average, equities research analysts anticipate that Loar Holdings Inc. will post 1.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LOAR. Zacks Research upgraded shares of Loar to a “hold” rating in a research report on Monday, March 9th. Wall Street Zen cut Loar from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $98.00 price objective on shares of Loar in a research note on Thursday, February 26th. Royal Bank Of Canada decreased their price objective on Loar from $90.00 to $80.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. Finally, Citigroup decreased their price objective on Loar from $83.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Loar has an average rating of “Moderate Buy” and an average target price of $83.00.

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.