Squarepoint Ops LLC Purchases New Shares in Loar Holdings Inc. $LOAR

Squarepoint Ops LLC acquired a new stake in shares of Loar Holdings Inc. (NYSE:LOAR) during the 2nd quarter, HoldingsChannel reports. The firm acquired 73,548 shares of the company’s stock, valued at approximately $5,929,000.

A number of other hedge funds have also recently bought and sold shares of the company. WINTON GROUP Ltd bought a new position in shares of Loar during the fourth quarter valued at about $1,836,000. Seven Grand Managers LLC grew its position in Loar by 33.3% in the 4th quarter. Seven Grand Managers LLC now owns 100,000 shares of the company’s stock worth $6,800,000 after purchasing an additional 25,000 shares in the last quarter. Norges Bank bought a new stake in Loar in the 4th quarter worth about $46,053,000. Janus Henderson Group PLC increased its stake in Loar by 54.0% in the 1st quarter. Janus Henderson Group PLC now owns 411,900 shares of the company’s stock valued at $23,598,000 after buying an additional 144,375 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in Loar by 183.1% in the 1st quarter. Empowered Funds LLC now owns 23,106 shares of the company’s stock valued at $1,324,000 after buying an additional 14,943 shares during the last quarter.

Loar Stock Performance

Shares of LOAR stock opened at $66.34 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.24 and a current ratio of 4.91. The firm has a market cap of $6.21 billion, a price-to-earnings ratio of 92.13 and a beta of 0.56. Loar Holdings Inc. has a 52 week low of $53.15 and a 52 week high of $83.43. The firm’s 50-day simple moving average is $71.76 and its two-hundred day simple moving average is $67.31.

Loar (NYSE:LOAR) last released its earnings results on Thursday, August 6th. The company reported $0.38 earnings per share 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 firm had revenue of $171.58 million during the quarter, compared to the consensus estimate of $162.80 million. During the same period in the prior year, the firm earned $0.23 EPS. The company’s 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.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LOAR. Citigroup boosted their target price on Loar from $71.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Zacks Research raised Loar from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd. Jefferies Financial Group reiterated a “buy” rating and set a $88.00 price target on shares of Loar in a report on Sunday, August 9th. Weiss Ratings raised Loar from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 10th. Finally, Royal Bank Of Canada upped their price objective on Loar from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $88.00.

Loar Profile

Loar Holdings Inc is an aerospace and defense manufacturing company that designs, manufactures and sells highly engineered, mission-critical components and systems. Its products are used in commercial aerospace, business aviation, defense, space and select industrial applications, where reliability, performance and regulatory compliance are essential.

The company’s product portfolio includes engineered elastomeric and vibration-control components, thermal and acoustic management products, specialized sensors, electronic components, and other customized systems.