Nebula Research & Development LLC Purchases New Stake in Loar Holdings, LLC (NYSE:LOAR)

Nebula Research & Development LLC acquired a new position in shares of Loar Holdings, LLC (NYSE:LOAR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,083 shares of the company's stock, valued at approximately $302,000.

Several other large investors also recently made changes to their positions in LOAR. Sterling Capital Management LLC boosted its position in Loar by 141.5% during the 4th quarter. Sterling Capital Management LLC now owns 500 shares of the company's stock worth $37,000 after purchasing an additional 293 shares during the period. Corebridge Financial Inc. boosted its position in shares of Loar by 174.3% in the fourth quarter. Corebridge Financial Inc. now owns 524 shares of the company's stock worth $39,000 after buying an additional 333 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in shares of Loar in the fourth quarter valued at about $61,000. R Squared Ltd purchased a new stake in shares of Loar during the 4th quarter valued at about $95,000. Finally, MetLife Investment Management LLC lifted its position in Loar by 179.4% during the 4th quarter. MetLife Investment Management LLC now owns 1,735 shares of the company's stock worth $128,000 after acquiring an additional 1,114 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LOAR. Morgan Stanley raised shares of Loar from an "equal weight" rating to an "overweight" rating and set a $91.00 target price on the stock in a research report on Thursday, April 3rd. Royal Bank of Canada reiterated an "outperform" rating and issued a $92.00 price objective on shares of Loar in a report on Tuesday, April 1st.

Loar Trading Down 2.1 %

Loar stock opened at $94.48 on Thursday. Loar Holdings, LLC has a 52-week low of $45.10 and a 52-week high of $99.16. The company has a quick ratio of 2.28, a current ratio of 3.95 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $8.84 billion and a price-to-earnings ratio of 393.67. The firm has a 50-day moving average price of $75.38 and a two-hundred day moving average price of $78.54.

Loar (NYSE:LOAR - Get Free Report) last announced its quarterly earnings results on Monday, March 31st. The company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.11. The business had revenue of $110.40 million for the quarter, compared to analyst estimates of $102.51 million. The company's revenue was up 27.8% on a year-over-year basis. Sell-side analysts expect that Loar Holdings, LLC will post 0.28 earnings per share for the current year.

Loar Company 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.

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