Moody Aldrich Partners LLC Lowers Position in Loar Holdings Inc. (NYSE:LOAR)

Moody Aldrich Partners LLC lessened its holdings in Loar Holdings Inc. (NYSE:LOAR - Free Report) by 27.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 52,768 shares of the company's stock after selling 19,542 shares during the quarter. Moody Aldrich Partners LLC owned 0.06% of Loar worth $3,728,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LOAR. GAMMA Investing LLC boosted its position in Loar by 204.9% in the first quarter. GAMMA Investing LLC now owns 372 shares of the company's stock valued at $26,000 after buying an additional 250 shares during the last quarter. Sterling Capital Management LLC boosted its position in Loar by 141.5% in the fourth quarter. Sterling Capital Management LLC now owns 500 shares of the company's stock valued at $37,000 after buying an additional 293 shares during the last quarter. Corebridge Financial Inc. boosted its position in Loar by 174.3% in the fourth quarter. Corebridge Financial Inc. now owns 524 shares of the company's stock valued at $39,000 after buying an additional 333 shares during the last quarter. State of Wyoming purchased a new stake in Loar in the fourth quarter valued at approximately $53,000. Finally, Gen Wealth Partners Inc purchased a new stake in Loar in the fourth quarter valued at approximately $62,000.

Loar Price Performance

Shares of LOAR stock traded down $1.44 during trading hours on Monday, hitting $80.53. 817,999 shares of the company's stock were exchanged, compared to its average volume of 585,307. The company has a quick ratio of 3.21, a current ratio of 5.13 and a debt-to-equity ratio of 0.25. The firm has a market cap of $7.53 billion, a P/E ratio of 211.93 and a beta of 0.17. The firm has a 50 day moving average of $87.49 and a two-hundred day moving average of $79.21. Loar Holdings Inc. has a fifty-two week low of $52.26 and a fifty-two week high of $99.67.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Morgan Stanley assumed coverage on Loar in a report on Friday, May 23rd. They issued an "overweight" rating and a $100.00 price target for the company. Wall Street Zen raised Loar from a "hold" rating to a "buy" rating in a report on Sunday, June 22nd. Royal Bank Of Canada reissued an "outperform" rating and issued a $92.00 price target on shares of Loar in a report on Tuesday, April 1st. Finally, Citigroup boosted their price target on Loar from $91.00 to $99.00 and gave the company a "buy" rating in a report on Thursday, May 15th.

Insider Activity at Loar

In other Loar news, Director Paul S. Levy sold 175,923 shares of Loar stock in a transaction on Monday, May 19th. The shares were sold at an average price of $80.91, for a total transaction of $14,233,929.93. Following the sale, the director owned 8,012,580 shares of the company's stock, valued at $648,297,847.80. The trade was a 2.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael J. Manella sold 19,684 shares of the company's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $80.91, for a total value of $1,592,632.44. Following the completion of the sale, the insider owned 429,960 shares of the company's stock, valued at approximately $34,788,063.60. The trade was a 4.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,742,872 shares of company stock worth $464,655,774 over the last 90 days. Corporate insiders own 22.60% of the company's stock.

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.