Lisanti Capital Growth LLC Invests $2.67 Million in Loar Holdings, LLC (NYSE:LOAR)

Lisanti Capital Growth LLC bought a new position in shares of Loar Holdings, LLC (NYSE:LOAR - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 35,751 shares of the company's stock, valued at approximately $2,667,000.

Several other large investors also recently bought and sold shares of LOAR. Arcadia Investment Management Corp MI acquired a new stake in Loar during the 2nd quarter worth about $26,000. nVerses Capital LLC purchased a new position in shares of Loar in the 3rd quarter worth about $45,000. Amalgamated Bank purchased a new stake in shares of Loar during the second quarter valued at approximately $37,000. Linonia Partnership LP bought a new position in shares of Loar in the second quarter worth about $53,000. Finally, RiverPark Advisors LLC purchased a new stake in Loar during the 2nd quarter valued at approximately $155,000.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Morgan Stanley raised their target price on shares of Loar from $70.00 to $75.00 and gave the company an "equal weight" rating in a report on Friday, October 18th. Citigroup lifted their price target on shares of Loar from $64.00 to $88.00 and gave the company a "buy" rating in a report on Tuesday, August 20th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $80.00 price target on shares of Loar in a report on Monday, October 7th.

Loar Stock Performance

Shares of LOAR stock traded up $0.45 during trading hours on Monday, hitting $89.31. 436,840 shares of the company's stock were exchanged, compared to its average volume of 295,227. The company has a current ratio of 4.86, a quick ratio of 3.09 and a debt-to-equity ratio of 0.33. The business's 50 day simple moving average is $77.53 and its 200-day simple moving average is $65.25. Loar Holdings, LLC has a 12-month low of $42.57 and a 12-month high of $95.35.

Loar (NYSE:LOAR - Get Free Report) last issued its earnings results on Tuesday, August 13th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. The firm had revenue of $97.10 million during the quarter, compared to analysts' expectations of $91.70 million. The company's revenue for the quarter was up 31.2% on a year-over-year basis. As a group, sell-side analysts expect that Loar Holdings, LLC will post 0.37 EPS for the current fiscal 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.