Victory Capital Management Inc. acquired a new stake in shares of Loar Holdings, LLC (NYSE:LOAR – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 8,792 shares of the company’s stock, valued at approximately $470,000.
A number of other large investors also recently bought and sold shares of LOAR. Renaissance Capital LLC purchased a new position in Loar during the 2nd quarter valued at $497,000. TCW Group Inc. bought a new stake in Loar during the 2nd quarter valued at $7,366,000. Zweig DiMenna Associates LLC bought a new stake in Loar during the 2nd quarter valued at $9,208,000. Calamos Advisors LLC bought a new stake in Loar during the 2nd quarter valued at $492,000. Finally, Bank of New York Mellon Corp bought a new stake in Loar during the 2nd quarter valued at $439,000.
Loar Price Performance
LOAR opened at $74.46 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.86 and a quick ratio of 3.09. Loar Holdings, LLC has a 12 month low of $42.57 and a 12 month high of $80.79. The stock has a fifty day moving average of $67.67.
Analyst Upgrades and Downgrades
LOAR has been the subject of a number of research analyst reports. Jefferies Financial Group initiated coverage on Loar in a research report on Monday, June 3rd. They set a “buy” rating and a $65.00 target price for the company. Citigroup lifted their target price on Loar from $64.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Morgan Stanley lifted their target price on Loar from $55.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 14th. Finally, Royal Bank of Canada lifted their target price on Loar from $65.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, August 14th.
Get Our Latest Analysis on LOAR
Loar Profile
Loar Holdings Inc is a diversified manufacturer and supplier of niche aerospace and defense components for aircraft and aerospace and defense systems. Loar Holdings Inc is based in WHITE PLAINS, NY.
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