TimesSquare Capital Management LLC Sells 24,813 Shares of Loar Holdings Inc. $LOAR

TimesSquare Capital Management LLC decreased its position in shares of Loar Holdings Inc. (NYSE:LOAR) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 882,280 shares of the company’s stock after selling 24,813 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Loar were worth $59,995,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rakuten Securities Inc. bought a new stake in Loar during the second quarter worth about $27,000. Fifth Third Bancorp bought a new stake in Loar during the fourth quarter worth about $28,000. PNC Financial Services Group Inc. lifted its position in Loar by 122.4% during the third quarter. PNC Financial Services Group Inc. now owns 774 shares of the company’s stock worth $62,000 after purchasing an additional 426 shares during the period. Danske Bank A S bought a new stake in Loar during the fourth quarter worth about $62,000. Finally, Tower Research Capital LLC TRC lifted its position in Loar by 347.0% during the second quarter. Tower Research Capital LLC TRC now owns 970 shares of the company’s stock worth $84,000 after purchasing an additional 753 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $98.00 price objective on shares of Loar in a research report on Thursday, February 26th. Royal Bank Of Canada cut their price objective on shares of Loar from $90.00 to $80.00 and set an “outperform” rating for the company in a research report on Friday, May 8th. Jefferies Financial Group set a $75.00 price objective on shares of Loar in a research report on Sunday, May 10th. Citigroup cut their price objective on shares of Loar from $83.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Finally, Morgan Stanley set a $91.00 price objective on shares of Loar in a research report on Friday, May 8th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Loar presently has an average rating of “Moderate Buy” and an average target price of $83.00.

Insider Activity at Loar

In related news, Director Raja Bobbili bought 50,000 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was purchased at an average price of $63.61 per share, with a total value of $3,180,500.00. Following the completion of the acquisition, the director owned 50,000 shares of the company’s stock, valued at $3,180,500. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anthony Carpenito acquired 4,750 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was acquired at an average price of $64.97 per share, with a total value of $308,607.50. Following the acquisition, the director owned 4,750 shares in the company, valued at $308,607.50. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 173,800 shares of company stock worth $11,327,673 over the last three months. 20.10% of the stock is owned by insiders.

Loar Stock Up 2.4%

LOAR stock opened at $58.77 on Tuesday. The stock has a market capitalization of $5.50 billion, a P/E ratio of 82.77 and a beta of 0.55. The company has a current ratio of 4.56, a quick ratio of 2.89 and a debt-to-equity ratio of 0.80. Loar Holdings Inc. has a 12 month low of $53.15 and a 12 month high of $91.19. The firm has a 50-day moving average price of $61.45 and a 200-day moving average price of $66.73.

Loar (NYSE:LOAR) last posted its earnings results on Thursday, May 7th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.19. The firm had revenue of $156.09 million during the quarter, compared to analysts’ expectations of $149.71 million. Loar had a net margin of 12.64% and a return on equity of 8.47%. The business’s revenue for the quarter was up 36.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.16 earnings per share. Loar has set its FY 2026 guidance at 1.260-1.300 EPS. As a group, equities research analysts anticipate that Loar Holdings Inc. will post 0.66 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.