Grandeur Peak Global Advisors LLC Has $4.84 Million Stock Holdings in Loar Holdings Inc. $LOAR

Grandeur Peak Global Advisors LLC increased its position in shares of Loar Holdings Inc. (NYSE:LOAR) by 28.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,027 shares of the company’s stock after acquiring an additional 13,181 shares during the quarter. Loar comprises approximately 1.2% of Grandeur Peak Global Advisors LLC’s investment portfolio, making the stock its 20th biggest holding. Grandeur Peak Global Advisors LLC owned about 0.06% of Loar worth $4,839,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of LOAR. Capital International Investors raised its holdings in Loar by 61.8% in the fourth quarter. Capital International Investors now owns 7,218,814 shares of the company’s stock worth $490,879,000 after purchasing an additional 2,757,297 shares during the period. Wellington Management Group LLP boosted its position in shares of Loar by 14.5% during the second quarter. Wellington Management Group LLP now owns 4,063,339 shares of the company’s stock worth $327,546,000 after purchasing an additional 514,061 shares in the last quarter. Wasatch Advisors LP grew its holdings in shares of Loar by 14.5% in the 1st quarter. Wasatch Advisors LP now owns 3,509,014 shares of the company’s stock valued at $201,031,000 after buying an additional 444,049 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in shares of Loar by 39.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,533,540 shares of the company’s stock valued at $172,281,000 after buying an additional 711,182 shares during the period. Finally, Bamco Inc. NY increased its position in shares of Loar by 17.2% in the 4th quarter. Bamco Inc. NY now owns 2,119,505 shares of the company’s stock valued at $144,126,000 after buying an additional 310,406 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $88.00 price objective on shares of Loar in a research note on Sunday, August 9th. Weiss Ratings upgraded Loar from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, July 10th. Royal Bank Of Canada raised their price target on Loar from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Citigroup lifted their price objective on Loar from $71.00 to $87.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $82.00 price objective (down from $91.00) on shares of Loar in a research report on Wednesday, July 15th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $88.00.

Loar Price Performance

LOAR stock opened at $71.87 on Monday. The stock has a 50-day moving average price of $73.70 and a two-hundred day moving average price of $67.14. The stock has a market cap of $6.73 billion, a PE ratio of 99.82 and a beta of 0.57. The company has a current ratio of 4.91, a quick ratio of 3.24 and a debt-to-equity ratio of 0.79. Loar Holdings Inc. has a 1 year low of $53.15 and a 1 year high of $83.43.

Loar (NYSE:LOAR) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.07. The company had revenue of $171.58 million for the quarter, compared to analyst estimates of $162.80 million. Loar had a return on equity of 9.37% and a net margin of 11.60%.The company’s quarterly revenue was up 39.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 earnings per share. Loar has set its FY 2026 guidance at 1.320-1.360 EPS. Equities analysts forecast that Loar Holdings Inc. will post 1.2 EPS for the current fiscal year.

Loar Profile

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.