ONE Advisory Partners LLC Invests $25.28 Million in Loar Holdings Inc. $LOAR

ONE Advisory Partners LLC bought a new position in shares of Loar Holdings Inc. (NYSE:LOAR) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 293,319 shares of the company’s stock, valued at approximately $25,275,000. Loar accounts for 8.3% of ONE Advisory Partners LLC’s holdings, making the stock its 3rd biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LOAR. GAMMA Investing LLC grew its holdings in shares of Loar by 21,442.6% in the 1st quarter. GAMMA Investing LLC now owns 26,282 shares of the company’s stock worth $1,857,000 after acquiring an additional 26,160 shares during the period. Rhumbline Advisers grew its holdings in shares of Loar by 26.9% in the 1st quarter. Rhumbline Advisers now owns 33,950 shares of the company’s stock worth $2,399,000 after acquiring an additional 7,188 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in shares of Loar by 25.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,830 shares of the company’s stock worth $271,000 after acquiring an additional 778 shares during the period. Amalgamated Bank grew its holdings 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 last quarter. Finally, Huntleigh Advisors Inc. grew its holdings in Loar by 1.6% in the first quarter. Huntleigh Advisors Inc. now owns 11,477 shares of the company’s stock valued at $811,000 after purchasing an additional 182 shares during the last quarter.

Analyst Ratings Changes

LOAR has been the topic of several research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Loar in a report on Wednesday, October 8th. Wall Street Zen raised shares of Loar from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.00.

Loar Stock Down 0.2%

LOAR opened at $79.24 on Monday. 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 firm has a market cap of $7.42 billion, a P/E ratio of 172.26 and a beta of 0.21. Loar Holdings Inc. has a 52 week low of $62.10 and a 52 week high of $99.67. The business’s fifty day simple moving average is $75.15 and its 200 day simple moving average is $80.53.

Loar (NYSE:LOAR) last released its quarterly 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 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 analysts’ expectations of $122.17 million. During the same period last year, the company earned $0.13 EPS. The firm’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. As a group, equities research analysts anticipate that Loar Holdings Inc. will post 0.28 EPS for the current fiscal 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.