Loar Holdings Inc (NYSE: LOAR) is 27.99% higher on its value in year-to-date trading and has touched a low of $45.10 and a high of $99.16 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LOAR stock was last observed hovering at around $94.84 in the last trading session, with the day’s loss setting it -0.24%.
Currently trading at $94.60, the stock is 8.80% and 25.09% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.31 million and changing -0.25% at the moment leaves the stock 24.71% off its SMA200. LOAR registered 80.81% gain for a year compared to 6-month loss of 6.01%. The firm has a 50-day simple moving average (SMA 50) of $75.6256 and a 200-day simple moving average (SMA200) of $75.8579.
The stock witnessed a 23.10% gain in the last 1 month and extending the period to 3 months gives it a 19.02%, and is -2.36% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.92% over the week and 5.91% over the month.
Loar Holdings Inc (LOAR) has around 1500 employees, a market worth around $8.85B and $402.82M in sales. Current P/E ratio is 384.40 and Fwd P/E is 97.92. Profit margin for the company is 5.52%. Distance from 52-week low is 109.76% and -4.60% from its 52-week high. The company has generated returns on investments over the last 12 months (1.62%).
with sales reaching $113.42M over the same period.The EPS is expected to grow by 75.19% this year, but quarterly earnings will post 21.67% year-over-year.
Loar Holdings Inc (LOAR) Top Institutional Holders
238.0 institutions hold shares in Loar Holdings Inc (LOAR), with institutional investors hold 102.41% of the company’s shares. The shares outstanding are 93.56M, and float is at 72.62M with Short Float at 4.16%. Institutions hold 79.65% of the Float.
The top institutional shareholder in the company is ABRAMS CAPITAL MANAGEMENT, L.P. with over 38.43 million shares valued at $2.05 billion. The investor’s holdings represent 43.9079% of the LOAR Shares outstanding. As of 2024-06-30, the second largest holder is BLACKSTONE INC. with 1.23 million shares valued at $65.88 million to account for 1.4092 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 1.17 million shares representing 1.3387% and valued at over $62.59 million, while PRICE T ROWE ASSOCIATES INC /MD/ holds 1.16 of the shares totaling 1.02 million with a market value of $54.23 million.
Loar Holdings Inc (LOAR) Insider Activity
The most recent transaction is an insider sale by LEVY PAUL S, the company’s Director. SEC filings show that LEVY PAUL S sold 251,616 shares of the company’s common stock on Dec 12 ’24 at a price of $81.17 per share for a total of $20.42 million. Following the sale, the insider now owns 9.36 million shares.
Loar Holdings Inc disclosed in a document filed with the SEC on Dec 12 ’24 that Manella Michael J.sold a total of 28,153 shares of the company’s common stock. The trade occurred on Dec 12 ’24 and was made at $81.17 per share for $2.29 million. Following the transaction, the insider now directly holds 0.58 million shares of the LOAR stock.
Still, SEC filings show that on Dec 12 ’24, D’Alessandro Glenn disposed off 28,518 shares at an average price of $81.17 for $2.31 million. The insider now directly holds 1,060,510 shares of Loar Holdings Inc (LOAR).
