Loar Holdings, LLC (NYSE:LOAR - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $80.07, but opened at $82.51. Loar shares last traded at $83.57, with a volume of 63,848 shares.
Analysts Set New Price Targets
A number of research firms have issued reports on LOAR. Royal Bank of Canada reissued an "outperform" rating and set a $80.00 price target on shares of Loar in a research report on Monday, October 7th. Morgan Stanley increased their target price on shares of Loar from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Friday, October 18th. Finally, Citigroup lifted their price target on shares of Loar from $64.00 to $88.00 and gave the company a "buy" rating in a research report on Tuesday, August 20th.
View Our Latest Analysis on LOAR
Loar Stock Up 5.6 %
The firm's 50 day moving average price is $74.35. The company has a quick ratio of 3.09, a current ratio of 4.86 and a debt-to-equity ratio of 0.33.
Loar (NYSE:LOAR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.03. The firm had revenue of $97.10 million for the quarter, compared to analysts' expectations of $91.70 million. The company's quarterly revenue was up 31.2% compared to the same quarter last year. Analysts expect that Loar Holdings, LLC will post 0.37 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Arcadia Investment Management Corp MI purchased a new position in shares of Loar during the 2nd quarter valued at approximately $26,000. Amalgamated Bank acquired a new stake in Loar in the second quarter valued at $37,000. nVerses Capital LLC acquired a new position in Loar during the 3rd quarter worth $45,000. Linonia Partnership LP bought a new stake in shares of Loar in the 2nd quarter worth about $53,000. Finally, RiverPark Advisors LLC acquired a new stake in shares of Loar in the 2nd quarter valued at about $155,000.
About Loar
(
Get Free Report)
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.
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