1 week Ago By Defense World Staff
LPL Financial LLC purchased a new position in shares of Loar Holdings, LLC (NYSE:LOAR – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,717 shares of the company’s stock, valued at approximately $349,000. A number of other hedge funds have also modified their holdings of the business.
Arcadia Investment Management Corp MI acquired a new stake in shares of Loar in the fourth quarter valued at $61,000. R Squared Ltd purchased a new position in Loar during the 4th quarter valued at about $95,000. Amalgamated Bank grew its position in Loar by 190.
7% in the 4th quarter. Amalgamated Bank now owns 2,000 shares of the company’s stock valued at $148,000 after acquiring an additional 1,312 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in Loar during the fourth quarter worth about $201,000.
Finally, Barclays PLC lifted its position in shares of Loar by 871.3% during the third quarter. Barclays PLC now owns 2,943 shares of the company’s stock worth $219,000 after purchasing an additional 2,640 shares in the last quarter.
Loar Stock Up 5.8 %Loar stock opened at $97.18 on Friday.
The stock’s fifty day moving average is $73.81 and its two-hundred day moving average is $78.14.
The stock has a market cap of $9.09 billion and a PE ratio of 404.92.
Loar Holdings, LLC has a 1-year low of $45.10 and a 1-year high of $98.60.
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 (NYSE:LOAR – Get Free Report) last announced its quarterly earnings results on Monday, March 31st. The company reported $0.
11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11. The business had revenue of $110.
40 million during the quarter, compared to analyst estimates of $102.51 million. The firm’s revenue for the quarter was up 27.
8% compared to the same quarter last year. On average, sell-side analysts expect that Loar Holdings, LLC will post 0.28 EPS for the current fiscal year.
Wall Street Analysts Forecast GrowthSeveral research firms have commented on LOAR. Royal Bank of Canada reaffirmed an “outperform” rating and set a $92.00 price objective on shares of Loar in a research report on Tuesday, April 1st.
Morgan Stanley upgraded Loar from an “equal weight” rating to an “overweight” rating and set a $91.00 price target on the stock in a report on Thursday, April 3rd.Read Our Latest Research Report on LoarLoar Profile (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.Read MoreFive stocks we like better than LoarWhat Are Treasury Bonds?Markets Think Robinhood Earnings Could Send the Stock UpExpert Stock Trading Psychology TipsChurchill Downs Stock: Could Tariff Fears Dampen Derby Gains?Industrial Products Stocks Investing AT&T: Subscriber Growth & Buybacks Signal Bullish Turnaround.
