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Loar Holdings, LLC (NYSE:LOAR) Shares Sold by TCW Group Inc.

Loar logo with Aerospace background

TCW Group Inc. lessened its holdings in shares of Loar Holdings, LLC (NYSE:LOAR - Free Report) by 85.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,472 shares of the company's stock after selling 117,439 shares during the period. TCW Group Inc.'s holdings in Loar were worth $1,527,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LOAR. Abrams Capital Management L.P. bought a new position in shares of Loar during the second quarter valued at approximately $2,052,780,000. Federated Hermes Inc. bought a new position in shares of Loar in the second quarter worth approximately $38,952,000. State Street Corp boosted its stake in Loar by 413.3% during the 3rd quarter. State Street Corp now owns 416,531 shares of the company's stock valued at $31,069,000 after purchasing an additional 335,376 shares during the last quarter. TimesSquare Capital Management LLC increased its holdings in Loar by 57.3% in the 3rd quarter. TimesSquare Capital Management LLC now owns 410,509 shares of the company's stock worth $30,620,000 after buying an additional 149,460 shares in the last quarter. Finally, Loomis Sayles & Co. L P grew its stake in shares of Loar by 47.3% in the third quarter. Loomis Sayles & Co. L P now owns 275,500 shares of the company's stock worth $20,550,000 after acquiring an additional 88,429 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LOAR shares. Morgan Stanley increased their price target on shares of Loar from $75.00 to $89.00 and gave the stock an "equal weight" rating in a research report on Monday, November 18th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $100.00 price objective on shares of Loar in a report on Thursday, November 14th. Finally, Citigroup upped their price objective on Loar from $64.00 to $88.00 and gave the stock a "buy" rating in a report on Tuesday, August 20th.

Check Out Our Latest Analysis on Loar

Loar Stock Down 0.3 %

Loar stock traded down $0.20 during trading hours on Friday, reaching $79.12. The stock had a trading volume of 925,248 shares, compared to its average volume of 334,411. Loar Holdings, LLC has a 52 week low of $42.57 and a 52 week high of $96.99. The business's 50 day moving average price is $84.38 and its 200-day moving average price is $71.34. 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 (NYSE:LOAR - Get Free Report) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.02. The company had revenue of $103.52 million for the quarter, compared to analyst estimates of $97.30 million. The business's quarterly revenue was up 25.0% compared to the same quarter last year. As a group, equities analysts anticipate that Loar Holdings, LLC will post 0.28 EPS for the current fiscal year.

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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Institutional Ownership by Quarter for Loar (NYSE:LOAR)

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