Xponance Inc. Takes $284,000 Position in Loar Holdings, LLC (NYSE:LOAR)

Xponance Inc. bought a new stake in Loar Holdings, LLC (NYSE:LOAR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,845 shares of the company's stock, valued at approximately $284,000.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in Loar by 413.3% in the third 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 period. The Manufacturers Life Insurance Company acquired a new stake in Loar during the 3rd quarter worth approximately $1,247,000. New York State Common Retirement Fund increased its holdings in shares of Loar by 14.1% in the fourth quarter. New York State Common Retirement Fund now owns 101,802 shares of the company's stock valued at $7,524,000 after purchasing an additional 12,592 shares during the period. M&T Bank Corp purchased a new stake in shares of Loar during the fourth quarter worth approximately $306,000. Finally, BNP Paribas Financial Markets raised its stake in shares of Loar by 3,444.3% during the third quarter. BNP Paribas Financial Markets now owns 10,633 shares of the company's stock worth $793,000 after purchasing an additional 10,333 shares during the last quarter.

Loar Trading Up 7.2 %

Shares of LOAR traded up $4.77 during mid-day trading on Monday, hitting $70.74. The company's stock had a trading volume of 868,219 shares, compared to its average volume of 407,825. The firm has a 50-day simple moving average of $71.31 and a 200 day simple moving average of $77.01. Loar Holdings, LLC has a 1-year low of $42.57 and a 1-year high of $96.99. The company has a quick ratio of 2.28, a current ratio of 3.95 and a debt-to-equity ratio of 0.78.

Remove Ads

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada cut their price objective on shares of Loar from $100.00 to $92.00 and set an "outperform" rating for the company in a research report on Monday, February 24th.

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.