Bryce Point Capital LLC Invests $762,000 in Loar Holdings Inc. $LOAR

Bryce Point Capital LLC bought a new position in shares of Loar Holdings Inc. (NYSE:LOAR) during the second quarter, Holdings Channel reports. The firm bought 8,840 shares of the company’s stock, valued at approximately $762,000.

A number of other hedge funds also recently made changes to their positions in LOAR. GAMMA Investing LLC raised its stake in shares of Loar by 204.9% during the 1st quarter. GAMMA Investing LLC now owns 372 shares of the company’s stock worth $26,000 after purchasing an additional 250 shares during the period. Amalgamated Bank raised its stake in shares of Loar by 13.1% during the 1st quarter. Amalgamated Bank now owns 2,261 shares of the company’s stock worth $160,000 after purchasing an additional 261 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Loar by 5.3% during the 1st quarter. Bank of New York Mellon Corp now owns 87,621 shares of the company’s stock worth $6,190,000 after purchasing an additional 4,430 shares during the period. Linden Thomas Advisory Services LLC raised its stake in shares of Loar by 2.5% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 29,716 shares of the company’s stock worth $2,099,000 after purchasing an additional 729 shares during the period. Finally, Xponance Inc. raised its stake in shares of Loar by 19.2% during the 1st quarter. Xponance Inc. now owns 4,585 shares of the company’s stock worth $324,000 after purchasing an additional 740 shares during the period.

Loar Stock Down 1.6%

LOAR stock opened at $77.90 on Tuesday. 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 capitalization of $7.29 billion, a PE ratio of 169.35 and a beta of 0.19. Loar Holdings Inc. has a twelve month low of $62.10 and a twelve month high of $99.67. The stock has a 50-day simple moving average of $78.21 and a two-hundred day simple moving average of $80.66.

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

Wall Street Analysts Forecast Growth

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

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.