Loar HoldingsLOAR
LOAR
About: Loar Holdings Inc in the design, manufacture, and sale of niche aerospace and defense components that are essential for today's aircraft and aerospace and defense systems. Its manufactured products includes auto throttles, lap-belt airbags, two- and three-point seat belts, water purification systems, fire barriers, polyimide washers and bushings, latches, hold-open and tie rods, temperature and fluid sensors and switches, carbon and metallic brake discs, fluid and pneumatic-based ice protection, RAM air components, sealing solutions and motion and actuation devices, among others. It operate across ten manufacturing facilities located in the United States, one manufacturing facility in Germany and one manufacturing facility in the United Kingdom (UK).
0
Funds holding %
of 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
4,076% more call options, than puts
Call options by funds: $22.8M | Put options by funds: $545K
110% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 20
100% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 2 (+1) [Q3]
70% more capital invested
Capital invested by funds: $2.95B [Q2] → $5.02B (+$2.07B) [Q3]
17% more funds holding
Funds holding: 115 [Q2] → 135 (+20) [Q3]
14% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 37
13.47% more ownership
Funds ownership: 61.61% [Q2] → 75.09% (+13.47%) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$89
8%
upside
Avg. target
$95
15%
upside
High target
$100
21%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
Morgan Stanley Kristine Liwag 65% 1-year accuracy 11 / 17 met price target | 8%upside $89 | Equal-Weight Maintained | 18 Nov 2024 |
RBC Capital Ken Herbert 61% 1-year accuracy 42 / 69 met price target | 21%upside $100 | Outperform Reiterated | 14 Nov 2024 |
Financial journalist opinion
Positive
Investors Business Daily
2 weeks ago
Amazon, Google Power These Best IPOs 2024 To New Highs; Reddit Trounces Palantir
Reddit stock gained 380% in 2024, beating the year's best S&P 500 performer. Three other IPOs of 2024 outperformed the index.
Positive
Seeking Alpha
4 weeks ago
Loar Holdings: An Extremely Expensive Stock, But It Could Be A Buy
Loar Holdings is a diversified aerospace and defense company with exposure to major platforms and a balanced mix of OEM and aftermarket sales. The company shows strong growth metrics but relies heavily on acquisitions, leading to significant shareholder dilution to fund its aggressive expansion strategy. Despite stellar growth projections, Loar Holdings trades at an extremely high EV/EBITDA multiple, making it significantly more expensive than its peers.
Neutral
Accesswire
1 month ago
Loar Holdings Inc. Announces the Grant of Inducement Awards
WHITE PLAINS, NY / ACCESSWIRE / December 16, 2024 / Loar Holdings Inc. (NYSE:LOAR) ("Loar," "we" and "our"), today announced that it has granted options to purchase an aggregate of 68,000 shares of common stock to three new employees. The options to purchase common stock were granted without stockholder approval as material inducements to the employees entering into employment with Loar pursuant to NYSE Listed Company Manual Section 303A.08 and were approved by the Compensation Committee of the Board of Directors of Loar.
Neutral
Accesswire
1 month ago
Loar Announces Pricing of Upsized Public Offering
WHITE PLAINS, NY / ACCESSWIRE / December 10, 2024 / Loar Holdings Inc. (NYSE:LOAR) ("Loar"), announced today the pricing of its upsized public offering of 5,750,000 shares of its common stock, including 1,897,500 shares offered by certain stockholders and 3,852,500 shares offered by Loar at $85.00 per share. The selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 862,500 shares of common stock at the public offering price, less underwriting discounts and commissions.
Neutral
Accesswire
1 month ago
Loar Announces Launch of Public Offering
WHITE PLAINS, NY / ACCESSWIRE / December 9, 2024 / Loar Holdings Inc. (NYSE:LOAR) ("Loar") announced today that it has launched the roadshow for the public offering of 4,750,000 shares of its common stock, including 1,583,333 shares offered by certain stockholders and 3,166,667 shares offered by Loar. In addition, such selling stockholders expect to grant the underwriters a 30-day option to purchase up to 712,500 additional shares of common stock at the public offering price, less underwriting discounts and commissions.
Neutral
Accesswire
2 months ago
Loar Holdings Inc. Reports Q3 2024 Results, Upward Revision to 2024 and Initial 2025 Guidance
WHITE PLAINS, NY / ACCESSWIRE / November 13, 2024 / Loar Holdings Inc. (NYSE:LOAR) (the "Company," "Loar," "we," "us" and "our"), reported record results for the third quarter of 2024. Third Quarter 2024 Net sales of $103.5 million, up 25.0% compared to the prior year's quarter.
Negative
Investors Business Daily
2 months ago
Boeing Supplier Loar Approaches Buy Point; Shares Have Tripled From IPO
IPO Stock Of The Week and Boeing supplier Loar is approaching a new buy point after a recent pullback on the stock market today. The post Boeing Supplier Loar Approaches Buy Point; Shares Have Tripled From IPO appeared first on Investor's Business Daily.
Neutral
Accesswire
2 months ago
Loar Holdings Inc. Announces Date and Time for Third Quarter 2024 Earnings Conference Call
WHITE PLAINS, NY / ACCESSWIRE / November 6, 2024 / Loar Holdings Inc. (NYSE:LOAR), said it will report Q3 2024 earnings before the market opens on Wednesday, November 13, 2024. A conference call will follow at 10:30 a.m.
Neutral
Investors Business Daily
2 months ago
Is This Recent IPO The Next Darling Of The Aerospace Sector?
Loar produces aircraft spare parts and offers servicing in what is known as the aftermarket. Lately, it has targeted a number of aerospace firms for acquisition.
Positive
Seeking Alpha
2 months ago
Loar Holdings: Wait For Better Entry Point In This Potential Value Creator
Initiating coverage on Loar Holdings with a "Hold" rating due to stretched valuations; a 15-20% correction is expected before considering fresh exposure. LOAR boasts a diverse product and client base, with no single customer or product dominating revenue, ensuring stability and growth potential. The company has a strong focus on aftermarket products and acquisitions, driving recurring revenue and maintaining a low leverage ratio for financial flexibility.
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