First Trust Advisors LP Sells 22,061 Shares of Loar Holdings Inc. $LOAR

First Trust Advisors LP reduced its stake in shares of Loar Holdings Inc. (NYSE:LOAR) by 10.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 196,841 shares of the company’s stock after selling 22,061 shares during the quarter. First Trust Advisors LP’s holdings in Loar were worth $11,277,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Royal Bank of Canada raised its position in shares of Loar by 7.6% in the 1st quarter. Royal Bank of Canada now owns 15,310 shares of the company’s stock valued at $1,082,000 after acquiring an additional 1,081 shares during the period. Goldman Sachs Group Inc. grew its holdings in Loar by 10.1% during the first quarter. Goldman Sachs Group Inc. now owns 538,592 shares of the company’s stock valued at $38,052,000 after purchasing an additional 49,629 shares during the period. Prudential Financial Inc. acquired a new position in Loar during the second quarter valued at approximately $245,000. Russell Investments Group Ltd. acquired a new position in Loar during the second quarter valued at approximately $945,000. Finally, WINTON GROUP Ltd bought a new stake in Loar in the second quarter valued at approximately $204,000.

Insider Activity at Loar

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 transaction of $2,120,650.00. Following the sale, the director directly owned 54,286 shares in the company, valued at $3,289,188.74. This trade represents a 39.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 20.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on LOAR shares. Citigroup increased their target price on shares of Loar from $71.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Jefferies Financial Group set a $75.00 price target on shares of Loar in a report on Sunday, May 10th. Zacks Research upgraded shares of Loar from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Royal Bank Of Canada dropped their price objective on Loar from $90.00 to $80.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $82.00 target price (down from $91.00) on shares of Loar in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Loar currently has an average rating of “Moderate Buy” and an average target price of $84.40.

Loar Price Performance

NYSE LOAR opened at $68.50 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.89 and a current ratio of 4.56. The stock has a market cap of $6.41 billion, a price-to-earnings ratio of 96.48 and a beta of 0.47. The business has a 50 day simple moving average of $70.37 and a 200 day simple moving average of $66.66. Loar Holdings Inc. has a 52-week low of $53.15 and a 52-week high of $83.43.

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