Why These Defense Stocks Are Gaining This Week

7. Loar Holdings Inc. (NYSE:LOAR)

Weekly Gains: 1.54%

Loar Holdings Inc. (NYSE:LOAR) designs and manufactures niche aerospace and defense components for aircraft and aerospace and defense systems. With returns of 1.54% since March 24, it is among the defense stocks gaining this week.

The company is scheduled to announce fourth-quarter and full year 2024 results on March 31. Based on one analyst’s forecast, Loar Holdings Inc. (NYSE:LOAR) is expected to report EPS of $0.04 for the quarter.

As per a recent report, Charles Schwab Investment Management Inc. lifted its stake in Loar Holdings Inc. (NYSE:LOAR) by 54% during the fourth quarter of 2024. According to Insider Monkey’s database for Q4, 32 hedge funds held a stake in the company, up from 18 at the end of the third quarter.