Wellington Management Group LLP Has $327.55 Million Position in Loar Holdings Inc. $LOAR

Wellington Management Group LLP grew its stake in shares of Loar Holdings Inc. (NYSE:LOAR) by 14.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,063,339 shares of the company’s stock after acquiring an additional 514,061 shares during the period. Wellington Management Group LLP owned 4.34% of Loar worth $327,546,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of LOAR. Capital International Investors boosted its position in Loar by 61.8% during the fourth quarter. Capital International Investors now owns 7,218,814 shares of the company’s stock valued at $490,879,000 after purchasing an additional 2,757,297 shares during the last quarter. Wasatch Advisors LP increased its position in Loar by 290.9% in the 2nd quarter. Wasatch Advisors LP now owns 2,624,649 shares of the company’s stock worth $226,166,000 after purchasing an additional 1,953,148 shares during the last quarter. UBS Group AG raised its stake 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 purchasing an additional 927,908 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Loar by 837.1% during the 1st quarter. Bank of New York Mellon Corp now owns 933,216 shares of the company’s stock worth $53,464,000 after purchasing an additional 833,626 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Loar by 98.0% during the 2nd quarter. Alliancebernstein L.P. now owns 1,520,064 shares of the company’s stock worth $130,984,000 after purchasing an additional 752,201 shares in the last quarter.

Loar Stock Up 0.3%

Shares of Loar stock opened at $71.87 on Monday. The stock has a market capitalization of $6.73 billion, a P/E ratio of 99.82 and a beta of 0.57. The company has a quick ratio of 3.24, a current ratio of 4.91 and a debt-to-equity ratio of 0.79. The stock has a 50 day moving average price of $73.70 and a two-hundred day moving average price of $67.14. Loar Holdings Inc. has a 12-month low of $53.15 and a 12-month high of $83.43.

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

Wall Street Analyst Weigh In

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

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.