Loar Holdings Inc. $LOAR Shares Sold by Burkett Financial Services LLC

Burkett Financial Services LLC trimmed its position in shares of Loar Holdings Inc. (NYSE:LOAR) by 5.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,000 shares of the company’s stock after selling 7,000 shares during the quarter. Loar accounts for 3.0% of Burkett Financial Services LLC’s portfolio, making the stock its 10th largest position. Burkett Financial Services LLC owned approximately 0.13% of Loar worth $9,512,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in LOAR. Capital International Investors raised its stake in Loar by 61.8% during the 4th 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 during the period. Wasatch Advisors LP lifted its holdings in shares of Loar by 290.9% during the 2nd quarter. Wasatch Advisors LP now owns 2,624,649 shares of the company’s stock valued at $226,166,000 after purchasing an additional 1,953,148 shares in the last quarter. UBS Group AG grew its position in shares of Loar by 266.0% in the 4th quarter. UBS Group AG now owns 1,276,780 shares of the company’s stock valued at $86,821,000 after purchasing an additional 927,908 shares during the period. Bank of New York Mellon Corp grew its position in shares of Loar by 837.1% in the 1st quarter. Bank of New York Mellon Corp now owns 933,216 shares of the company’s stock valued at $53,464,000 after purchasing an additional 833,626 shares during the period. Finally, Alliancebernstein L.P. increased its stake in Loar by 98.0% during the 2nd quarter. Alliancebernstein L.P. now owns 1,520,064 shares of the company’s stock worth $130,984,000 after purchasing an additional 752,201 shares in the last quarter.

Wall Street Analysts Forecast Growth

LOAR has been the topic of several research analyst reports. Weiss Ratings upgraded shares of Loar from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, July 10th. Citigroup raised their price objective on shares of Loar from $71.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Royal Bank Of Canada cut their price objective on shares of Loar from $90.00 to $80.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th. Zacks Research raised shares of Loar from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Finally, Jefferies Financial Group set a $75.00 target price on Loar in a report on Sunday, May 10th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $84.40.

Loar Trading Up 5.1%

NYSE:LOAR opened at $71.94 on Tuesday. Loar Holdings Inc. has a twelve month low of $53.15 and a twelve month high of $83.43. The company has a quick ratio of 2.89, a current ratio of 4.56 and a debt-to-equity ratio of 0.80. The business has a 50 day moving average price of $70.57 and a two-hundred day moving average price of $66.62. The company has a market cap of $6.74 billion, a P/E ratio of 101.33 and a beta of 0.57.

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

Insiders Place Their Bets

In related news, Director Taiwo K. Danmola sold 35,000 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were 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 owned 54,286 shares of the company’s stock, valued at approximately $3,289,188.74. This trade represents a 39.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 20.10% of the company’s stock.

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.