92,379 Shares in Loar Holdings Inc. $LOAR Purchased by Roubaix Capital LLC

Roubaix Capital LLC purchased a new stake in shares of Loar Holdings Inc. (NYSE:LOAR) during the first quarter, HoldingsChannel.com reports. The firm purchased 92,379 shares of the company’s stock, valued at approximately $5,292,000. Loar accounts for 2.5% of Roubaix Capital LLC’s portfolio, making the stock its 20th biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rakuten Securities Inc. purchased a new stake in Loar in the 2nd quarter worth approximately $27,000. Fifth Third Bancorp purchased a new position in shares of Loar during the fourth quarter valued at approximately $28,000. Sunbelt Securities Inc. increased its stake in shares of Loar by 238.3% during the fourth quarter. Sunbelt Securities Inc. now owns 592 shares of the company’s stock valued at $40,000 after buying an additional 417 shares during the period. Danske Bank A S bought a new position in shares of Loar during the fourth quarter valued at approximately $62,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Loar by 347.0% during 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 in the last quarter.

Loar Trading Up 0.3%

NYSE:LOAR opened at $69.66 on Friday. The firm has a market capitalization of $6.52 billion, a P/E ratio of 98.11 and a beta of 0.47. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.56 and a quick ratio of 2.89. Loar Holdings Inc. has a one year low of $53.15 and a one year high of $83.43. The company’s 50-day simple moving average is $68.52 and its 200 day simple moving average is $66.68.

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

Insider Buying and Selling at Loar

In related news, Director Taiwo K. Danmola sold 35,000 shares of the company’s stock in a transaction that occurred 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 sale, the director owned 54,286 shares in the company, valued at $3,289,188.74. This represents a 39.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 20.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on LOAR shares. Weiss Ratings upgraded shares of Loar from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, July 10th. Royal Bank Of Canada decreased their price objective on shares of Loar from $90.00 to $80.00 and set an “outperform” rating for the company in a report on Friday, May 8th. Citigroup raised their target price on shares of Loar from $71.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Morgan Stanley reaffirmed an “equal weight” rating and set a $82.00 target price (down from $91.00) on shares of Loar in a research note on Wednesday. Finally, Jefferies Financial Group set a $75.00 price target on shares of Loar in a research report on Sunday, May 10th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.40.

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.