Moody Aldrich Partners LLC Boosts Stake in Loar Holdings Inc. $LOAR

Moody Aldrich Partners LLC increased its holdings in shares of Loar Holdings Inc. (NYSE:LOAR) by 28.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,924 shares of the company’s stock after acquiring an additional 15,156 shares during the quarter. Moody Aldrich Partners LLC owned about 0.07% of Loar worth $5,853,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Amalgamated Bank lifted its position in Loar by 13.1% during the first quarter. Amalgamated Bank now owns 2,261 shares of the company’s stock worth $160,000 after buying an additional 261 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Loar by 204.9% in the first quarter. GAMMA Investing LLC now owns 372 shares of the company’s stock valued at $26,000 after purchasing an additional 250 shares during the period. Thrive Wealth Management LLC purchased a new stake in shares of Loar in the second quarter valued at about $3,523,000. Arizona State Retirement System acquired a new stake in Loar during the first quarter worth about $378,000. Finally, Vanguard Group Inc. raised its stake in Loar by 0.5% during the first quarter. Vanguard Group Inc. now owns 2,735,157 shares of the company’s stock worth $193,239,000 after purchasing an additional 13,832 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LOAR shares. Weiss Ratings restated a “hold (c-)” rating on shares of Loar in a report on Wednesday, October 8th. Zacks Research raised Loar from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Finally, Wall Street Zen upgraded Loar from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Loar currently has an average rating of “Buy” and a consensus target price of $97.00.

Loar Trading Down 0.6%

Shares of NYSE LOAR opened at $79.44 on Friday. The company has a current ratio of 6.15, a quick ratio of 4.01 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $7.44 billion, a PE ratio of 172.71 and a beta of 0.21. Loar Holdings Inc. has a twelve month low of $62.10 and a twelve month high of $99.67. The stock has a fifty day simple moving average of $77.93 and a 200-day simple moving average of $80.86.

Loar (NYSE:LOAR) last issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. Loar had a net margin of 9.82% and a return on equity of 5.50%. The company had revenue of $123.12 million for the quarter, compared to analyst estimates of $122.17 million. During the same period in the prior year, the firm earned $0.13 earnings per share. The business’s revenue for the quarter was up 26.8% compared to the same quarter last year. Loar has set its FY 2025 guidance at 0.830-0.88 EPS. On average, equities analysts forecast that Loar Holdings Inc. will post 0.28 earnings per share for the current year.

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.