Gilder Gagnon Howe & Co. LLC Lowers Holdings in Loar Holdings, LLC (NYSE:LOAR)

Gilder Gagnon Howe & Co. LLC lowered its stake in shares of Loar Holdings, LLC (NYSE:LOAR - Free Report) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 549,748 shares of the company's stock after selling 9,342 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned about 0.61% of Loar worth $40,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Sterling Capital Management LLC grew its stake in Loar by 141.5% in the fourth quarter. Sterling Capital Management LLC now owns 500 shares of the company's stock worth $37,000 after purchasing an additional 293 shares during the period. Corebridge Financial Inc. boosted its stake in Loar by 174.3% during the fourth quarter. Corebridge Financial Inc. now owns 524 shares of the company's stock worth $39,000 after acquiring an additional 333 shares in the last quarter. Barclays PLC grew its holdings in Loar by 12.1% in the fourth quarter. Barclays PLC now owns 3,298 shares of the company's stock worth $243,000 after purchasing an additional 355 shares during the period. Arcadia Investment Management Corp MI purchased a new position in shares of Loar during the fourth quarter valued at approximately $61,000. Finally, Picton Mahoney Asset Management grew its stake in shares of Loar by 5.6% in the 4th quarter. Picton Mahoney Asset Management now owns 19,300 shares of the company's stock worth $1,426,000 after buying an additional 1,030 shares during the last quarter.

Analyst Ratings Changes

LOAR has been the subject of several analyst reports. Morgan Stanley upgraded Loar from an "equal weight" rating to an "overweight" rating and set a $91.00 price target for the company in a report on Thursday, April 3rd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $92.00 price objective on shares of Loar in a report on Tuesday, April 1st.

Loar Price Performance

Shares of LOAR traded up $0.94 during mid-day trading on Tuesday, hitting $96.54. 740,719 shares of the stock were exchanged, compared to its average volume of 407,219. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.28 and a current ratio of 3.95. Loar Holdings, LLC has a 52-week low of $45.10 and a 52-week high of $99.16. The firm has a 50-day moving average of $74.31 and a two-hundred day moving average of $78.30. The company has a market cap of $9.03 billion and a PE ratio of 402.25.

Loar (NYSE:LOAR - Get Free Report) last posted its quarterly earnings data on Monday, March 31st. The company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $110.40 million during the quarter, compared to the consensus estimate of $102.51 million. The firm's revenue for the quarter was up 27.8% on a year-over-year basis. On average, equities analysts predict that Loar Holdings, LLC will post 0.28 earnings per share for the current year.

Loar Company Profile

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.