Tudor Investment Corp ET AL Has $295,000 Stock Position in Loar Holdings, LLC (NYSE:LOAR)

Tudor Investment Corp ET AL lessened its holdings in Loar Holdings, LLC (NYSE:LOAR) by 73.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,994 shares of the company’s stock after selling 11,154 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Loar were worth $295,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of LOAR. Vanguard Group Inc. raised its holdings in Loar by 132.4% in the 4th quarter. Vanguard Group Inc. now owns 2,721,325 shares of the company’s stock valued at $201,133,000 after buying an additional 1,550,581 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Loar by 4.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,142,073 shares of the company’s stock worth $84,411,000 after purchasing an additional 50,287 shares during the period. TimesSquare Capital Management LLC grew its stake in shares of Loar by 159.8% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,066,525 shares of the company’s stock worth $78,827,000 after purchasing an additional 656,016 shares during the last quarter. Federated Hermes Inc. increased its holdings in Loar by 29.7% in the fourth quarter. Federated Hermes Inc. now owns 998,733 shares of the company’s stock valued at $73,816,000 after purchasing an additional 228,477 shares during the period. Finally, Invesco Ltd. raised its position in Loar by 32.2% during the 4th quarter. Invesco Ltd. now owns 851,496 shares of the company’s stock worth $62,934,000 after purchasing an additional 207,255 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Morgan Stanley upgraded Loar from an “equal weight” rating to an “overweight” rating and set a $91.00 price target on the stock in a research report on Thursday, April 3rd. Royal Bank of Canada reissued an “outperform” rating and set a $92.00 target price on shares of Loar in a research report on Tuesday, April 1st.

Loar Stock Down 0.9 %

Shares of NYSE:LOAR opened at $95.95 on Friday. The business’s 50-day moving average is $79.13 and its 200-day moving average is $79.42. Loar Holdings, LLC has a 1 year low of $45.49 and a 1 year high of $99.16. The company has a market capitalization of $8.98 billion and a price-to-earnings ratio of 399.79. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.95 and a quick ratio of 2.28.

Loar (NYSE:LOAR) last issued 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. The business had revenue of $110.40 million during the quarter, compared to analyst estimates of $102.51 million. Loar’s revenue was up 27.8% compared to the same quarter last year. Equities research analysts predict that Loar Holdings, LLC will post 0.28 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.