Captrust Financial Advisors Raises Stock Holdings in Loar Holdings, LLC (NYSE:LOAR)

Captrust Financial Advisors lifted its holdings in shares of Loar Holdings, LLC (NYSE:LOAR) by 4.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,935 shares of the company’s stock after acquiring an additional 464 shares during the quarter. Captrust Financial Advisors’ holdings in Loar were worth $808,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Bain Capital Public Equity Management II LLC increased its position in shares of Loar by 37.0% during the fourth quarter. Bain Capital Public Equity Management II LLC now owns 310,016 shares of the company’s stock valued at $22,913,000 after acquiring an additional 83,743 shares during the last quarter. Bain Capital Public Equity LP increased its position in shares of Loar by 40.2% during the fourth quarter. Bain Capital Public Equity LP now owns 37,234 shares of the company’s stock valued at $2,752,000 after acquiring an additional 10,681 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in Loar in the fourth quarter worth $19,344,000. Bamco Inc. NY increased its position in Loar by 80.1% in the fourth quarter. Bamco Inc. NY now owns 136,557 shares of the company’s stock worth $10,093,000 after buying an additional 60,755 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Loar by 83.2% in the fourth quarter. Bank of America Corp DE now owns 40,739 shares of the company’s stock worth $3,011,000 after buying an additional 18,503 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms have issued reports on LOAR. Morgan Stanley raised Loar from an “equal weight” rating to an “overweight” rating and set a $91.00 target price for the company in a research report on Thursday, April 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a $92.00 target price on shares of Loar in a research report on Tuesday, April 1st. Finally, Citigroup raised their target price on Loar from $91.00 to $99.00 and gave the stock a “buy” rating in a research report on Thursday.

Loar Price Performance

NYSE:LOAR opened at $85.59 on Friday. The firm has a market capitalization of $8.01 billion and a price-to-earnings ratio of 356.63. Loar Holdings, LLC has a 52-week low of $49.62 and a 52-week high of $99.67. The stock has a fifty day moving average of $81.31 and a 200 day moving average of $79.59. 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) last posted its quarterly earnings data on Monday, March 31st. The company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The business had revenue of $110.40 million for the quarter, compared to the consensus estimate of $102.51 million. Loar’s revenue for the quarter was up 27.8% compared to the same quarter last year. On average, research analysts expect that Loar Holdings, LLC will post 0.28 EPS for the current fiscal year.

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.