Loar Holdings Inc. $LOAR Position Boosted by Janus Henderson Group PLC

Janus Henderson Group PLC raised its holdings in shares of Loar Holdings Inc. (NYSE:LOAR) by 54.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 411,900 shares of the company’s stock after acquiring an additional 144,375 shares during the period. Janus Henderson Group PLC’s holdings in Loar were worth $23,598,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. California State Teachers Retirement System grew its stake in shares of Loar by 26.2% in the first quarter. California State Teachers Retirement System now owns 40,360 shares of the company’s stock worth $2,312,000 after purchasing an additional 8,372 shares in the last quarter. Readystate Asset Management LP bought a new stake in shares of Loar during the first quarter valued at about $1,432,000. Royal Bank of Canada lifted its holdings in Loar by 236.5% in the first quarter. Royal Bank of Canada now owns 163,154 shares of the company’s stock worth $9,348,000 after purchasing an additional 114,674 shares during the period. Empowered Funds LLC lifted its holdings in Loar by 183.1% in the first quarter. Empowered Funds LLC now owns 23,106 shares of the company’s stock worth $1,324,000 after purchasing an additional 14,943 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in Loar by 2.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 23,255 shares of the company’s stock valued at $1,332,000 after buying an additional 575 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts have commented on LOAR shares. 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. Zacks Research upgraded shares of Loar from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Jefferies Financial Group set a $75.00 price objective on shares of Loar in a research note on Sunday, May 10th. Royal Bank Of Canada dropped their target price on Loar from $90.00 to $80.00 and set an “outperform” rating on the stock in a report on Friday, May 8th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $82.00 target price (down from $91.00) on shares of Loar in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $84.40.

Loar Price Performance

Shares of Loar stock opened at $71.94 on Tuesday. Loar Holdings Inc. has a 52 week low of $53.15 and a 52 week high of $83.43. 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 stock has a market cap of $6.74 billion, a PE ratio of 101.33 and a beta of 0.57. The company’s 50-day moving average price is $70.57 and its two-hundred day moving average price is $66.62.

Loar (NYSE:LOAR) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.34 earnings per share 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 business’s revenue for the quarter was up 36.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 EPS. Loar has set its FY 2026 guidance at 1.260-1.300 EPS. As a group, sell-side analysts anticipate that Loar Holdings Inc. will post 1.16 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Taiwo K. Danmola sold 35,000 shares of the 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 completion of the sale, the director directly owned 54,286 shares of the company’s stock, valued at $3,289,188.74. This represents a 39.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 20.10% of the stock is currently owned by corporate insiders.

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.