Grandeur Peak Global Advisors LLC Has $4.84 Million Stake in Loar Holdings Inc. $LOAR

Grandeur Peak Global Advisors LLC boosted its holdings in Loar Holdings Inc. (NYSE:LOAR) by 28.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,027 shares of the company’s stock after purchasing an additional 13,181 shares during the period. Loar comprises about 1.2% of Grandeur Peak Global Advisors LLC’s portfolio, making the stock its 20th largest holding. Grandeur Peak Global Advisors LLC’s holdings in Loar were worth $4,839,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Rakuten Securities Inc. bought a new stake in Loar during the 2nd quarter worth about $27,000. Fifth Third Bancorp acquired a new position in shares of Loar during the 4th quarter worth about $28,000. Sunbelt Securities Inc. grew its holdings in shares of 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 acquiring an additional 417 shares in the last quarter. Danske Bank A S bought a new position in shares of Loar in the 4th quarter valued at about $62,000. Finally, State of Wyoming acquired a new stake in shares of Loar in the first quarter valued at about $65,000.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Morgan Stanley reiterated an “equal weight” rating and set a $82.00 target price (down from $91.00) on shares of Loar in a report on Wednesday, July 15th. Weiss Ratings upgraded Loar from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, July 10th. Royal Bank Of Canada boosted their price target on Loar from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Zacks Research cut Loar from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $88.00 price objective on shares of Loar in a report on Sunday, August 9th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Loar presently has an average rating of “Moderate Buy” and a consensus price target of $88.00.

Loar Stock Performance

Shares of LOAR opened at $71.87 on Monday. The company has a market cap of $6.73 billion, a PE ratio of 99.82 and a beta of 0.57. The firm has a 50-day moving average of $73.70 and a 200-day moving average of $67.14. 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 0.79, a current ratio of 4.91 and a quick ratio of 3.24.

Loar (NYSE:LOAR) last issued its earnings results on Thursday, August 6th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.07. Loar had a net margin of 11.60% and a return on equity of 9.37%. The company had revenue of $171.58 million for the quarter, compared to analysts’ expectations of $162.80 million. During the same period in the prior year, the firm earned $0.23 EPS. Loar’s quarterly revenue was up 39.4% compared to the same quarter last year. Loar has set its FY 2026 guidance at 1.320-1.360 EPS. As a group, equities analysts forecast that Loar Holdings Inc. will post 1.2 earnings per share for the current year.

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.