Moody Aldrich Partners LLC Decreases Stake in Loar Holdings Inc. (NYSE:LOAR)

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

Several other large investors also recently bought and sold shares of the business. GAMMA Investing LLC lifted its stake in Loar by 204.9% during the 1st quarter. GAMMA Investing LLC now owns 372 shares of the company's stock valued at $26,000 after acquiring an additional 250 shares during the period. Sterling Capital Management LLC raised its holdings in shares of Loar by 141.5% during the fourth quarter. Sterling Capital Management LLC now owns 500 shares of the company's stock valued at $37,000 after purchasing an additional 293 shares during the last quarter. Corebridge Financial Inc. lifted its position in Loar by 174.3% during the fourth quarter. Corebridge Financial Inc. now owns 524 shares of the company's stock valued at $39,000 after purchasing an additional 333 shares during the period. State of Wyoming purchased a new stake in Loar in the fourth quarter worth approximately $53,000. Finally, Gen Wealth Partners Inc bought a new stake in Loar in the 4th quarter worth approximately $62,000.

Loar Trading Down 0.3%

Shares of LOAR stock opened at $81.39 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 5.13 and a quick ratio of 3.21. The company has a market cap of $7.61 billion, a price-to-earnings ratio of 214.18 and a beta of 0.17. Loar Holdings Inc. has a 1 year low of $52.26 and a 1 year high of $99.67. The firm has a fifty day moving average price of $87.80 and a 200-day moving average price of $79.10.

Loar (NYSE:LOAR - Get Free Report) last released its quarterly earnings results on Monday, March 31st. The company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. Loar had a return on equity of 5.23% and a net margin of 8.29%. The business had revenue of $110.40 million during the quarter, compared to analyst estimates of $102.51 million. The company's quarterly revenue was up 27.8% compared to the same quarter last year. As a group, equities analysts predict that Loar Holdings Inc. will post 0.28 earnings per share for the current year.

Insider Activity

In related news, Director Paul S. Levy sold 1,168,499 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $80.91, for a total value of $94,543,254.09. Following the completion of the sale, the director directly owned 8,188,503 shares of the company's stock, valued at approximately $662,531,777.73. This represents a 12.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Alison Bomberg sold 690,258 shares of Loar stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $80.91, for a total transaction of $55,848,774.78. Following the transaction, the director directly owned 31,438,420 shares in the company, valued at $2,543,682,562.20. This represents a 2.15% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,742,872 shares of company stock worth $464,655,774. 22.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Morgan Stanley started coverage on Loar in a report on Friday, May 23rd. They set an "overweight" rating and a $100.00 price target on the stock. Royal Bank Of Canada reissued an "outperform" rating and issued a $92.00 target price on shares of Loar in a report on Tuesday, April 1st. Wall Street Zen upgraded Loar from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. Finally, Citigroup upped their price target on shares of Loar from $91.00 to $99.00 and gave the company a "buy" rating in a research report on Thursday, May 15th.

About Loar

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.

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