Xponance Inc. Has $324,000 Holdings in Loar Holdings Inc. (NYSE:LOAR)

Xponance Inc. lifted its stake in shares of Loar Holdings Inc. (NYSE:LOAR) by 19.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,585 shares of the company’s stock after buying an additional 740 shares during the period. Xponance Inc.’s holdings in Loar were worth $324,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of LOAR. Charles Schwab Investment Management Inc. increased its holdings in shares of Loar by 54.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 164,884 shares of the company’s stock worth $12,187,000 after buying an additional 57,987 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Loar in the fourth quarter worth $3,108,000. LPL Financial LLC bought a new stake in shares of Loar in the fourth quarter worth $349,000. Vanguard Group Inc. grew its stake in shares of Loar by 132.4% in the fourth quarter. Vanguard Group Inc. now owns 2,721,325 shares of the company’s stock worth $201,133,000 after purchasing an additional 1,550,581 shares during the last quarter. Finally, Corebridge Financial Inc. grew its stake 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 purchasing an additional 333 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts recently weighed in on LOAR shares. Morgan Stanley started coverage on shares of Loar in a research note on Friday, May 23rd. They issued an “overweight” rating and a $100.00 price objective on the stock. Wall Street Zen cut shares of Loar from a “buy” rating to a “hold” rating in a research note on Friday. Citigroup boosted their price objective on shares of Loar from $91.00 to $99.00 and gave the stock a “buy” rating in a research note on Thursday, May 15th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $92.00 price objective on shares of Loar in a research note on Tuesday, April 1st.

Loar Stock Performance

Shares of LOAR opened at $76.17 on Friday. The company has a current ratio of 5.13, a quick ratio of 3.21 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $7.13 billion, a P/E ratio of 200.45 and a beta of 0.17. The firm’s fifty day simple moving average is $83.95 and its two-hundred day simple moving average is $79.39. Loar Holdings Inc. has a 12 month low of $52.26 and a 12 month high of $99.67.

Insider Buying and Selling at Loar

In other Loar news, insider Dirkson R. Charles sold 88,767 shares of the company’s stock in a transaction on Monday, May 19th. The shares were sold at an average price of $80.91, for a total transaction of $7,182,137.97. Following the sale, the insider owned 4,043,005 shares of the company’s stock, valued at approximately $327,119,534.55. This represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Brett N. Milgrim sold 84,115 shares of the company’s stock in a transaction on Monday, May 19th. The shares were sold at an average price of $80.91, for a total transaction of $6,805,744.65. Following the sale, the chairman directly owned 3,222,517 shares in the company, valued at $260,733,850.47. This trade represents a 2.54% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,742,872 shares of company stock valued at $464,655,774. 22.60% of the stock is owned by corporate insiders.

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.