Public Employees Retirement System of Ohio Has $3.85 Million Stock Holdings in Loar Holdings Inc. $LOAR

Public Employees Retirement System of Ohio boosted its holdings in shares of Loar Holdings Inc. (NYSE:LOAR) by 17.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,219 shares of the company’s stock after purchasing an additional 10,187 shares during the period. Public Employees Retirement System of Ohio owned about 0.07% of Loar worth $3,851,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in LOAR. Rakuten Securities Inc. acquired a new position in shares of Loar in the 2nd quarter worth approximately $27,000. Fifth Third Bancorp acquired a new stake in Loar in the 4th quarter valued at $28,000. Sunbelt Securities Inc. boosted its stake in Loar by 238.3% in the 4th 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. Danske Bank A S bought a new stake in Loar in the fourth quarter valued at $62,000. Finally, State of Wyoming bought a new stake in Loar in the first quarter valued at $65,000.

Insider Activity

In other news, Director Taiwo K. Danmola sold 35,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director directly 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 Securities & Exchange Commission, which is accessible through this link. Insiders own 20.10% of the company’s stock.

Loar Stock Performance

Loar stock opened at $68.47 on Friday. The stock has a 50-day simple moving average of $70.24 and a 200 day simple moving average of $66.65. The company has a quick ratio of 2.89, a current ratio of 4.56 and a debt-to-equity ratio of 0.80. Loar Holdings Inc. has a 12-month low of $53.15 and a 12-month high of $83.43. The stock has a market capitalization of $6.41 billion, a price-to-earnings ratio of 96.44 and a beta of 0.47.

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

Analyst Ratings Changes

Several research firms have issued reports on LOAR. Citigroup increased their price objective on Loar from $71.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Royal Bank Of Canada lowered their target price 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. Morgan Stanley reiterated an “equal weight” rating and set a $82.00 target price (down from $91.00) on shares of Loar in a research report on Wednesday, July 15th. Weiss Ratings upgraded shares of Loar from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 10th. Finally, Jefferies Financial Group set a $75.00 price objective on shares of Loar in a research note on Sunday, May 10th. One research 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.