BNP Paribas Financial Markets Buys 10,333 Shares of Loar Holdings, LLC (NYSE:LOAR)

BNP Paribas Financial Markets increased its position in shares of Loar Holdings, LLC (NYSE:LOAR) by 3,444.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,633 shares of the company’s stock after purchasing an additional 10,333 shares during the quarter. BNP Paribas Financial Markets’ holdings in Loar were worth $793,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of LOAR. The Manufacturers Life Insurance Company bought a new stake in shares of Loar during the 3rd quarter worth approximately $1,247,000. Loomis Sayles & Co. L P raised its position in Loar by 47.3% during the third quarter. Loomis Sayles & Co. L P now owns 275,500 shares of the company’s stock valued at $20,550,000 after purchasing an additional 88,429 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Loar by 52.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 106,897 shares of the company’s stock worth $7,973,000 after purchasing an additional 36,701 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Loar in the 3rd quarter valued at $230,000. Finally, Lisanti Capital Growth LLC bought a new position in shares of Loar in the 3rd quarter valued at $2,667,000.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Citigroup upped their price objective on Loar from $64.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Morgan Stanley raised their price target on shares of Loar from $75.00 to $89.00 and gave the company an “equal weight” rating in a research note on Monday, November 18th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $100.00 price objective on shares of Loar in a research report on Thursday, November 14th.

Loar Price Performance

Loar stock opened at $84.18 on Thursday. The stock has a 50-day moving average price of $84.10 and a two-hundred day moving average price of $71.11. Loar Holdings, LLC has a 12 month low of $42.57 and a 12 month high of $96.99. The company has a current ratio of 3.95, a quick ratio of 2.28 and a debt-to-equity ratio of 0.78.

Loar (NYSE:LOAR) last issued its quarterly earnings data on Wednesday, November 13th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The business had revenue of $103.52 million during the quarter, compared to the consensus estimate of $97.30 million. The company’s revenue was up 25.0% on a year-over-year basis. On average, equities research analysts expect that Loar Holdings, LLC will post 0.28 EPS 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.