Voya Investment Management LLC Purchases 7,899 Shares of Loar Holdings, LLC (NYSE:LOAR)

Voya Investment Management LLC grew its position in Loar Holdings, LLC (NYSE:LOAR - Free Report) by 171.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,496 shares of the company's stock after purchasing an additional 7,899 shares during the period. Voya Investment Management LLC's holdings in Loar were worth $924,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LOAR. Barclays PLC grew its stake in Loar by 871.3% in the third quarter. Barclays PLC now owns 2,943 shares of the company's stock valued at $219,000 after acquiring an additional 2,640 shares during the period. Franklin Resources Inc. raised its holdings in Loar by 36.0% during the 3rd quarter. Franklin Resources Inc. now owns 188,766 shares of the company's stock worth $14,556,000 after buying an additional 49,966 shares during the period. Zweig DiMenna Associates LLC boosted its holdings in shares of Loar by 4.4% in the fourth quarter. Zweig DiMenna Associates LLC now owns 172,750 shares of the company's stock valued at $12,768,000 after buying an additional 7,300 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of Loar during the fourth quarter worth $5,053,000. Finally, R Squared Ltd acquired a new position in Loar in the 4th quarter worth $95,000.

Loar Stock Down 0.9 %

Shares of NYSE LOAR traded down $0.83 during trading hours on Friday, hitting $95.95. The company had a trading volume of 1,041,321 shares, compared to its average volume of 420,789. Loar Holdings, LLC has a 1-year low of $45.49 and a 1-year 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's 50 day moving average is $79.13 and its 200-day moving average is $79.41. The stock has a market capitalization of $8.98 billion and a P/E ratio of 399.79.

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

Analyst Ratings Changes

LOAR has been the subject of several recent research reports. Morgan Stanley raised Loar from an "equal weight" rating to an "overweight" rating and set a $91.00 price objective for the company in a research report on Thursday, April 3rd. Royal Bank of Canada restated an "outperform" rating and set a $92.00 target price on shares of Loar in a report on Tuesday, April 1st.

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.