This article first appeared on GuruFocus.
ETF flows turned sharply positive for Loar Holdings on Tuesday, Nov. 3, snapping a stretch of near-zero net activity. ETFs bought a net $52.8 million of the stock, with 9 funds adding shares against 3 selling. The prior four sessions were essentially flat, ranging from a net $0.2 million bought on Oct. 29 to a net $0.1 million sold on Nov. 2. The buying streak now stands at 1 day.
Every ETF and guru trade in LOAR is tracked on the LOAR guru trades page.
Which ETFs bought LOAR on Tuesday?
The largest buyers by dollar value were SPSM ($22.3 million), IJT ($14.0 million) and SLYG ($8.9 million). In all, 9 ETFs added shares and 3 cut them.
SPSM led the move with a $22.3 million increase, followed by IJT at $14.0 million, SLYG at $8.9 million and IJS at $7.3 million. Smaller additions came from SPTM, DFAS, IWV and IWD. Loar Holdings operates in the Industrials sector within the Aerospace & Defense industry and carries a market cap of $6.5 billion.
Have ETFs been buying or selling LOAR lately?
Over the last 5 reported days, ETFs were net buyers on 2 and net sellers on 2, so the recent trend is split.
What does LOAR do?
Loar Holdings Inc. is a U.S.-based manufacturer of niche aerospace and defense components.
Loar Holdings reported trailing-12-month revenue of $586.2 million, up 27.3% over the past year, with a gross margin of 45.4% and a net margin of 11.6%. The stock trades at a P/E of 98.2, a P/B of 5.45 and a P/S of 11.38, with a market cap of $6.5 billion. Its GF Score is 24, and the shares are up 2.53% year to date at a price of $69.72.
LOAR at a glance
Compare LOAR’s share price with its GF Value, see recent insider trades, or check which gurus own LOAR.
What should investors watch next for LOAR?
Watch whether the buying continues after a single day, given that the four prior sessions produced net moves of $0.2 million or less.
