Vanguard Group Inc. Boosts Stock Position in Loar Holdings, LLC (NYSE:LOAR)

Vanguard Group Inc. boosted its holdings in shares of Loar Holdings, LLC (NYSE:LOAR - Free Report) by 132.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,721,325 shares of the company's stock after buying an additional 1,550,581 shares during the period. Vanguard Group Inc. owned approximately 3.03% of Loar worth $201,133,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Arcadia Investment Management Corp MI purchased a new position in shares of Loar in the fourth quarter worth about $61,000. R Squared Ltd purchased a new position in shares of Loar in the fourth quarter worth about $95,000. Amalgamated Bank increased its holdings in shares of Loar by 190.7% in the fourth quarter. Amalgamated Bank now owns 2,000 shares of the company's stock worth $148,000 after buying an additional 1,312 shares during the period. CIBC Asset Management Inc purchased a new position in shares of Loar in the fourth quarter worth about $201,000. Finally, Barclays PLC increased its holdings in shares of Loar by 871.3% in the third quarter. Barclays PLC now owns 2,943 shares of the company's stock worth $219,000 after buying an additional 2,640 shares during the period.

Loar Trading Up 0.1 %

LOAR traded up $0.12 during midday trading on Thursday, reaching $85.58. 78,376 shares of the company's stock traded hands, compared to its average volume of 419,877. The firm has a fifty day moving average of $70.67 and a two-hundred day moving average of $77.02. The stock has a market capitalization of $8.01 billion and a price-to-earnings ratio of 356.58. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.95 and a quick ratio of 2.28. Loar Holdings, LLC has a 52 week low of $42.57 and a 52 week high of $96.99.

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

Analysts Set New Price Targets

A number of research firms have commented on LOAR. Royal Bank of Canada reaffirmed an "outperform" rating and set a $92.00 price target on shares of Loar in a research report on Tuesday, April 1st. Morgan Stanley raised Loar from an "equal weight" rating to an "overweight" rating and set a $91.00 price target for the company in a research report on Thursday, April 3rd.

Loar 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.