Loar Holdings Inc. $LOAR Stake Cut by Quantbot Technologies LP

Quantbot Technologies LP decreased its holdings in shares of Loar Holdings Inc. (NYSE:LOAR) by 42.9% in the 3rd quarter, Holdings Channel reports. The firm owned 27,476 shares of the company’s stock after selling 20,651 shares during the quarter. Quantbot Technologies LP’s holdings in Loar were worth $2,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of LOAR. Wasatch Advisors LP boosted its holdings in shares of Loar by 290.9% in the 2nd quarter. Wasatch Advisors LP now owns 2,624,649 shares of the company’s stock valued at $226,166,000 after buying an additional 1,953,148 shares during the period. Marshall Wace LLP lifted its holdings in Loar by 2,104.8% in the second quarter. Marshall Wace LLP now owns 1,386,318 shares of the company’s stock worth $119,459,000 after acquiring an additional 1,323,442 shares during the last quarter. Norges Bank bought a new position in Loar in the second quarter worth about $72,023,000. Alliancebernstein L.P. boosted its stake in Loar by 98.0% in the second quarter. Alliancebernstein L.P. now owns 1,520,064 shares of the company’s stock valued at $130,984,000 after acquiring an additional 752,201 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new position in Loar in the second quarter valued at approximately $57,607,000.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on LOAR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Loar in a report on Monday, December 29th. Royal Bank Of Canada dropped their target price on Loar from $92.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 18th. Citigroup raised their target price on Loar from $81.00 to $83.00 and gave the company a “buy” rating in a research note on Monday. The Goldman Sachs Group restated a “buy” rating and set a $98.00 price target on shares of Loar in a research report on Thursday, February 26th. Finally, Morgan Stanley dropped their price objective on shares of Loar from $100.00 to $97.00 and set an “overweight” rating on the stock in a report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $92.00.

Loar Stock Up 0.4%

LOAR opened at $72.62 on Wednesday. Loar Holdings Inc. has a 12 month low of $62.10 and a 12 month high of $99.67. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.92 and a quick ratio of 3.81. The stock has a market cap of $6.80 billion, a P/E ratio of 96.83 and a beta of 0.34. The stock’s 50 day moving average price is $69.21 and its 200 day moving average price is $72.39.

Loar (NYSE:LOAR) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. Loar had a return on equity of 7.62% and a net margin of 14.54%.The company had revenue of $131.75 million during the quarter, compared to analyst estimates of $128.00 million. During the same quarter in the previous year, the firm posted $0.11 EPS. The firm’s quarterly revenue was up 19.3% on a year-over-year basis. Loar has set its FY 2026 guidance at 0.760-0.800 EPS. As a group, research analysts predict that Loar Holdings Inc. will post 0.28 earnings per share for the current 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.