Moody Aldrich Partners LLC Increases Position in Loar Holdings Inc. $LOAR

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC boosted 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 buying an additional 250 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Loar by 5,286.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 808 shares of the company’s stock valued at $57,000 after purchasing 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 raised its holdings in shares of 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 buying an additional 261 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of Loar during the first quarter worth about $219,000.

Analyst Upgrades and Downgrades

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

Loar Price Performance

Shares of 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’s 50 day moving average is $77.93 and its two-hundred day moving average is $80.86. Loar Holdings Inc. has a twelve month low of $62.10 and a twelve month high of $99.67. The firm has a market capitalization of $7.44 billion, a PE ratio of 172.71 and a beta of 0.21.

Loar (NYSE:LOAR) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.23 EPS for the quarter, beating 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 business had revenue of $123.12 million during the quarter, compared to analysts’ expectations of $122.17 million. During the same period last year, the firm earned $0.13 EPS. The company’s quarterly revenue was up 26.8% compared to the same quarter last year. Loar has set its FY 2025 guidance at 0.830-0.88 EPS. Research analysts anticipate 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.