Voya Investment Management LLC Acquires 279,989 Shares of Loar Holdings Inc. $LOAR

Voya Investment Management LLC raised its holdings in Loar Holdings Inc. (NYSE:LOAR) by 1,627.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 297,196 shares of the company’s stock after purchasing an additional 279,989 shares during the quarter. Voya Investment Management LLC owned 0.32% of Loar worth $23,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Rakuten Securities Inc. purchased a new position in shares of Loar in the 2nd quarter worth about $27,000. PNC Financial Services Group Inc. increased its holdings in Loar by 390.1% during the second quarter. PNC Financial Services Group Inc. now owns 348 shares of the company’s stock worth $30,000 after buying an additional 277 shares during the last quarter. KBC Group NV bought a new stake in Loar in the second quarter worth about $82,000. Tower Research Capital LLC TRC boosted its stake in Loar by 347.0% in the second quarter. Tower Research Capital LLC TRC now owns 970 shares of the company’s stock valued at $84,000 after acquiring an additional 753 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Loar in the second quarter valued at about $99,000.

Loar Stock Performance

NYSE:LOAR opened at $67.41 on Monday. The business’s fifty day moving average is $72.46 and its 200 day moving average is $75.67. The firm has a market cap of $6.31 billion, a price-to-earnings ratio of 102.14 and a beta of 0.35. Loar Holdings Inc. has a 52-week low of $62.10 and a 52-week high of $99.67. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.81 and a current ratio of 5.92.

Loar (NYSE:LOAR) last posted its earnings results on Wednesday, November 12th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.13. Loar had a net margin of 13.33% and a return on equity of 6.45%. The business had revenue of $126.75 million for the quarter, compared to analysts’ expectations of $126.80 million. During the same period in the prior year, the company posted $0.15 EPS. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. Loar has set its FY 2026 guidance at 0.980-1.03 EPS and its FY 2025 guidance at 0.930-0.980 EPS. Research analysts predict that Loar Holdings Inc. will post 0.28 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group started coverage on shares of Loar in a research note on Tuesday, November 25th. They set a “buy” rating and a $91.00 price target for the company. Morgan Stanley reduced their price objective on Loar from $100.00 to $97.00 and set an “overweight” rating for the company in a report on Thursday, November 13th. Zacks Research upgraded Loar from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Citigroup assumed coverage on Loar in a research report on Thursday, December 11th. They set a “buy” rating and a $83.00 price target on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Loar in a research note on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Loar has a consensus rating of “Buy” and a consensus target price of $90.75.

About Loar

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.