ONE Advisory Partners LLC Makes New $25.28 Million Investment in Loar Holdings Inc. $LOAR

ONE Advisory Partners LLC purchased a new position in shares of Loar Holdings Inc. (NYSE:LOAR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 293,319 shares of the company’s stock, valued at approximately $25,275,000. Loar accounts for approximately 8.3% of ONE Advisory Partners LLC’s holdings, making the stock its 3rd largest holding. ONE Advisory Partners LLC owned 0.31% of Loar as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Loar by 204.9% in the 1st quarter. GAMMA Investing LLC now owns 372 shares of the company’s stock valued at $26,000 after acquiring an additional 250 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in shares of Loar by 5,286.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 808 shares of the company’s stock valued at $57,000 after acquiring an additional 793 shares during the period. MetLife Investment Management LLC increased its stake in Loar by 16.1% in the first quarter. MetLife Investment Management LLC now owns 2,014 shares of the company’s stock valued at $142,000 after purchasing an additional 279 shares during the period. Amalgamated Bank increased its stake in Loar by 13.1% in the first quarter. Amalgamated Bank now owns 2,261 shares of the company’s stock valued at $160,000 after purchasing an additional 261 shares during the period. Finally, Jump Financial LLC acquired a new position in Loar in the first quarter valued at $219,000.

Analysts Set New Price Targets

A number of research analysts have commented on LOAR shares. Weiss Ratings restated a “hold (c-)” rating on shares of Loar in a research note on Wednesday, October 8th. Wall Street Zen upgraded Loar from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $97.00.

Loar Trading Down 0.2%

Shares of Loar stock opened at $79.24 on Monday. Loar Holdings Inc. has a 52-week low of $62.10 and a 52-week high of $99.67. The company has a quick ratio of 4.01, a current ratio of 6.15 and a debt-to-equity ratio of 0.25. The company’s 50-day simple moving average is $75.15 and its 200-day simple moving average is $80.53. The firm has a market cap of $7.42 billion, a price-to-earnings ratio of 172.26 and a beta of 0.21.

Loar (NYSE:LOAR) last released its earnings results on Wednesday, August 13th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. Loar had a return on equity of 5.50% and a net margin of 9.82%.The company had revenue of $123.12 million for the quarter, compared to analysts’ expectations of $122.17 million. During the same quarter in the previous year, the firm posted $0.13 EPS. The firm’s quarterly revenue was up 26.8% on a year-over-year basis. Loar has set its FY 2025 guidance at 0.830-0.88 EPS. As a group, equities research analysts anticipate 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.