Loar Holdings, LLC (NYSE:LOAR) Stock Holdings Raised by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lifted its stake in shares of Loar Holdings, LLC (NYSE:LOAR) by 57.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 410,509 shares of the company’s stock after purchasing an additional 149,460 shares during the period. TimesSquare Capital Management LLC’s holdings in Loar were worth $30,620,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Abrams Capital Management L.P. acquired a new position in shares of Loar in the 2nd quarter worth approximately $2,052,780,000. Federated Hermes Inc. bought a new position in Loar during the second quarter worth $38,952,000. Fred Alger Management LLC bought a new stake in Loar during the second quarter valued at $13,085,000. Zweig DiMenna Associates LLC bought a new stake in Loar during the second quarter valued at $9,208,000. Finally, TCW Group Inc. acquired a new stake in shares of Loar during the second quarter worth $7,366,000.

Analysts Set New Price Targets

Several research firms recently weighed in on LOAR. Citigroup increased their price objective on shares of Loar from $64.00 to $88.00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Morgan Stanley increased their target price on Loar from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $80.00 price target on shares of Loar in a report on Monday, October 7th.

Loar Price Performance

Shares of NYSE LOAR opened at $88.86 on Friday. The stock has a 50 day simple moving average of $77.53 and a 200-day simple moving average of $65.25. The company has a current ratio of 4.86, a quick ratio of 3.09 and a debt-to-equity ratio of 0.33. Loar Holdings, LLC has a 12-month low of $42.57 and a 12-month high of $92.17.

Loar (NYSE:LOAR) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $97.10 million for the quarter, compared to analyst estimates of $91.70 million. Loar’s revenue for the quarter was up 31.2% compared to the same quarter last year. On average, equities analysts expect that Loar Holdings, LLC will post 0.37 earnings per share for the current 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.