Zweig DiMenna Associates LLC Has $12.34 Million Holdings in Loar Holdings, LLC (NYSE:LOAR)

Zweig DiMenna Associates LLC lessened its stake in shares of Loar Holdings, LLC (NYSE:LOAR) by 4.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 165,450 shares of the company’s stock after selling 6,950 shares during the quarter. Zweig DiMenna Associates LLC owned 0.18% of Loar worth $12,341,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Arcadia Investment Management Corp MI acquired a new stake in Loar during the 2nd quarter valued at $26,000. Amalgamated Bank bought a new stake in shares of Loar during the second quarter worth $37,000. nVerses Capital LLC acquired a new stake in shares of Loar in the third quarter valued at $45,000. Linonia Partnership LP bought a new position in shares of Loar in the second quarter valued at about $53,000. Finally, RiverPark Advisors LLC acquired a new position in Loar during the 2nd quarter worth about $155,000.

Analyst Ratings Changes

A number of brokerages recently weighed in on LOAR. Royal Bank of Canada reissued an “outperform” rating and issued a $80.00 price target on shares of Loar in a report on Monday, October 7th. Morgan Stanley increased their price objective on Loar from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Finally, Citigroup boosted their target price on Loar from $64.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th.

Loar Price Performance

LOAR opened at $79.99 on Friday. Loar Holdings, LLC has a fifty-two week low of $42.57 and a fifty-two week high of $82.48. The company has a quick ratio of 3.09, a current ratio of 4.86 and a debt-to-equity ratio of 0.33. The business’s 50 day simple moving average is $74.35.

Loar (NYSE:LOAR) last issued its earnings results on Tuesday, August 13th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.10 by $0.03. The business had revenue of $97.10 million for the quarter, compared to the consensus estimate of $91.70 million. The company’s revenue for the quarter was up 31.2% on a year-over-year basis. Analysts forecast that Loar Holdings, LLC will post 0.37 EPS for the current year.

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.