Bamco Inc. NY Buys 310,406 Shares of Loar Holdings Inc. $LOAR

Bamco Inc. NY increased its stake in shares of Loar Holdings Inc. (NYSE:LOAR) by 17.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,119,505 shares of the company’s stock after acquiring an additional 310,406 shares during the quarter. Bamco Inc. NY’s holdings in Loar were worth $144,126,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Capital International Investors grew its holdings in Loar by 61.8% during the fourth quarter. Capital International Investors now owns 7,218,814 shares of the company’s stock worth $490,879,000 after buying an additional 2,757,297 shares in the last quarter. Wasatch Advisors LP grew its holdings in Loar by 17.3% during the fourth quarter. Wasatch Advisors LP now owns 3,064,965 shares of the company’s stock worth $208,418,000 after buying an additional 452,646 shares in the last quarter. State Street Corp grew its holdings in Loar by 18.1% during the fourth quarter. State Street Corp now owns 1,880,955 shares of the company’s stock worth $127,905,000 after buying an additional 288,095 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Loar by 1.1% during the third quarter. Alliancebernstein L.P. now owns 1,536,334 shares of the company’s stock worth $122,907,000 after buying an additional 16,270 shares in the last quarter. Finally, UBS Group AG grew its holdings in Loar by 266.0% during the fourth quarter. UBS Group AG now owns 1,276,780 shares of the company’s stock worth $86,821,000 after buying an additional 927,908 shares in the last quarter.

Insider Activity at Loar

In other news, Director Taiwo K. Danmola sold 35,000 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $60.59, for a total value of $2,120,650.00. Following the completion of the transaction, the director directly owned 54,286 shares of the company’s stock, valued at $3,289,188.74. This trade represents a 39.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 20.10% of the stock is owned by insiders.

Loar Price Performance

Shares of NYSE LOAR opened at $67.99 on Thursday. The stock has a fifty day simple moving average of $62.55 and a two-hundred day simple moving average of $65.67. Loar Holdings Inc. has a 1-year low of $53.15 and a 1-year high of $88.75. The firm has a market cap of $6.37 billion, a price-to-earnings ratio of 95.77 and a beta of 0.69. The company has a current ratio of 4.56, a quick ratio of 2.89 and a debt-to-equity ratio of 0.80.

Loar (NYSE:LOAR) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.19. Loar had a return on equity of 8.47% and a net margin of 12.64%.The business had revenue of $156.09 million during the quarter, compared to analyst estimates of $149.71 million. During the same period in the prior year, the company earned $0.16 earnings per share. Loar’s revenue was up 36.1% compared to the same quarter last year. Loar has set its FY 2026 guidance at 1.260-1.300 EPS. Analysts anticipate that Loar Holdings Inc. will post 1.16 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LOAR. Morgan Stanley set a $91.00 target price on Loar in a report on Friday, May 8th. Zacks Research raised Loar to a “hold” rating in a report on Monday, March 9th. Jefferies Financial Group set a $75.00 target price on Loar in a report on Sunday, May 10th. Citigroup reduced their target price on Loar from $83.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Finally, Royal Bank Of Canada reduced their target price on Loar from $90.00 to $80.00 and set an “outperform” rating for the company in a report on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Loar currently has an average rating of “Moderate Buy” and a consensus price target of $83.00.

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.