Zweig DiMenna Associates LLC lessened its position in Loar Holdings, LLC (NYSE:LOAR - Free Report) by 4.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 165,450 shares of the company's stock after selling 6,950 shares during the period. Zweig DiMenna Associates LLC owned about 0.18% of Loar worth $12,341,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Arcadia Investment Management Corp MI purchased a new stake in shares of Loar during the 2nd quarter valued at about $26,000. nVerses Capital LLC purchased a new stake in Loar during the third quarter valued at $45,000. Amalgamated Bank bought a new position in Loar in the second quarter valued at about $37,000. Linonia Partnership LP bought a new stake in shares of Loar during the 2nd quarter valued at about $53,000. Finally, RiverPark Advisors LLC purchased a new stake in shares of Loar during the 2nd quarter valued at about $155,000.
Loar Price Performance
NYSE:LOAR traded up $4.51 during trading hours on Friday, hitting $84.58. 384,344 shares of the stock traded hands, compared to its average volume of 285,073. Loar Holdings, LLC has a 1 year low of $42.57 and a 1 year high of $85.64. The firm has a 50 day moving average of $74.35. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.86 and a quick ratio of 3.09.
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 the consensus estimate of $91.70 million. The firm's quarterly revenue was up 31.2% on a year-over-year basis. Research analysts expect that Loar Holdings, LLC will post 0.37 EPS for the current fiscal year.
Analyst Ratings Changes
Several analysts recently issued reports on the stock. Citigroup boosted their target price 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. Morgan Stanley boosted their price objective on shares of Loar from $70.00 to $75.00 and gave the company an "equal weight" rating in a research report on Friday, October 18th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $80.00 target price on shares of Loar in a report on Monday, October 7th.
Check Out Our Latest Analysis on Loar
About Loar
(
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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