Riverbridge Partners LLC Acquires Shares of 277,049 Loar Holdings Inc. $LOAR

Riverbridge Partners LLC bought a new position in shares of Loar Holdings Inc. (NYSE:LOAR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 277,049 shares of the company’s stock, valued at approximately $18,839,000. Riverbridge Partners LLC owned approximately 0.30% of Loar as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Thrive Wealth Management LLC raised its holdings in Loar by 0.3% in the 3rd quarter. Thrive Wealth Management LLC now owns 41,016 shares of the company’s stock worth $3,281,000 after purchasing an additional 133 shares during the period. Arizona State Retirement System grew its holdings in Loar by 1.4% in the third quarter. Arizona State Retirement System now owns 9,689 shares of the company’s stock valued at $775,000 after purchasing an additional 134 shares during the period. Xponance Inc. grew its holdings in Loar by 2.7% in the third quarter. Xponance Inc. now owns 5,749 shares of the company’s stock valued at $460,000 after purchasing an additional 150 shares during the period. Amalgamated Bank increased its position in shares of Loar by 7.1% in the third quarter. Amalgamated Bank now owns 3,059 shares of the company’s stock valued at $245,000 after buying an additional 204 shares in the last quarter. Finally, Captrust Financial Advisors increased its position in shares of Loar by 1.8% in the second quarter. Captrust Financial Advisors now owns 12,147 shares of the company’s stock valued at $1,047,000 after buying an additional 214 shares in the last quarter.

Loar Stock Down 3.6%

Shares of LOAR opened at $57.34 on Friday. The stock has a 50 day moving average price of $67.38 and a 200 day moving average price of $71.54. Loar Holdings Inc. has a one year low of $56.63 and a one year high of $99.67. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.98 and a current ratio of 4.70. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of 76.45 and a beta of 0.34.

Loar (NYSE:LOAR) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.07. Loar had a return on equity of 7.54% and a net margin of 14.54%.The company had revenue of $131.75 million for the quarter, compared to analyst estimates of $128.00 million. During the same quarter last year, the firm posted $0.11 EPS. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. Loar has set its FY 2026 guidance at 0.760-0.800 EPS. Equities research analysts forecast that Loar Holdings Inc. will post 0.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on LOAR shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Loar in a research report on Monday, December 29th. Zacks Research raised shares of Loar to a “hold” rating in a report on Monday, March 9th. Wall Street Zen cut shares of Loar from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Royal Bank Of Canada dropped their target price on shares of Loar from $92.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 18th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $98.00 target price on shares of Loar in a research note on Thursday, February 26th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Loar presently has a consensus rating of “Moderate Buy” and an average target price of $92.00.

Insider Buying and Selling at Loar

In other Loar news, insider Dirkson R. Charles purchased 36,434 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were purchased at an average cost of $67.45 per share, with a total value of $2,457,473.30. Following the completion of the purchase, the insider owned 4,087,005 shares in the company, valued at approximately $275,668,487.25. This represents a 0.90% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Raja Bobbili purchased 50,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The shares were acquired at an average price of $63.61 per share, for a total transaction of $3,180,500.00. Following the completion of the transaction, the director directly owned 50,000 shares of the company’s stock, valued at $3,180,500. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 173,800 shares of company stock valued at $11,327,673. Corporate insiders own 22.60% of the company’s stock.

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.