Loar Holdings, LLC (NYSE:LOAR) Shares Sold by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC decreased its holdings in shares of Loar Holdings, LLC (NYSE:LOARFree Report) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,310 shares of the company’s stock after selling 2,094 shares during the quarter. Moody Aldrich Partners LLC owned approximately 0.08% of Loar worth $5,344,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of LOAR. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Loar during the fourth quarter worth about $5,053,000. Zweig DiMenna Associates LLC grew its position in Loar by 4.4% in the 4th quarter. Zweig DiMenna Associates LLC now owns 172,750 shares of the company’s stock worth $12,768,000 after purchasing an additional 7,300 shares during the last quarter. Lord Abbett & CO. LLC grew its position in Loar by 71.7% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,009,558 shares of the company’s stock worth $75,303,000 after purchasing an additional 421,637 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Loar by 36.0% in the third quarter. Franklin Resources Inc. now owns 188,766 shares of the company’s stock valued at $14,556,000 after purchasing an additional 49,966 shares during the period. Finally, Barclays PLC raised its holdings in shares of Loar by 871.3% during the third quarter. Barclays PLC now owns 2,943 shares of the company’s stock valued at $219,000 after buying an additional 2,640 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have commented on the stock. Royal Bank of Canada restated an “outperform” rating and set a $100.00 price target on shares of Loar in a research report on Thursday, November 14th. Morgan Stanley upped their target price on Loar from $75.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Monday, November 18th.

Read Our Latest Stock Report on Loar

Insiders Place Their Bets

In other Loar news, Chairman Brett N. Milgrim sold 120,305 shares of Loar stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $81.17, for a total transaction of $9,765,156.85. Following the sale, the chairman now owns 3,865,327 shares in the company, valued at $313,748,592.59. The trade was a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael J. Manella sold 28,153 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $81.17, for a total transaction of $2,285,179.01. Following the completion of the transaction, the insider now owns 580,388 shares of the company’s stock, valued at approximately $47,110,093.96. This represents a 4.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,135,706 shares of company stock valued at $92,185,256 in the last three months.

Loar Stock Up 3.5 %

NYSE LOAR opened at $79.41 on Wednesday. The company has a 50 day moving average price of $80.74 and a two-hundred day moving average price of $75.90. The company has a current ratio of 3.95, a quick ratio of 2.28 and a debt-to-equity ratio of 0.78. Loar Holdings, LLC has a 12-month low of $42.57 and a 12-month high of $96.99.

Loar (NYSE:LOARGet Free Report) last announced its quarterly earnings results on Wednesday, November 13th. The company reported $0.15 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 company’s revenue was up 25.0% compared to the same quarter last year. Research analysts predict that Loar Holdings, LLC will post 0.28 EPS for the current year.

Loar 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.

Further Reading

Institutional Ownership by Quarter for Loar (NYSE:LOAR)

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