Loar Holdings, LLC’s (NYSE:LOAR) Lock-Up Period Will Expire on October 22nd

Loar’s (NYSE:LOAR) lock-up period is set to expire on Tuesday, October 22nd. Loar had issued 11,000,000 shares in its IPO on April 25th. The total size of the offering was $308,000,000 based on an initial share price of $28.00. After the end of Loar’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Analyst Ratings Changes

A number of equities analysts recently commented on LOAR shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $80.00 target price on shares of Loar in a report on Monday, October 7th. Citigroup raised their target price on Loar from $64.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Finally, Morgan Stanley increased their price target on Loar from $55.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 14th.

Loar Trading Up 0.3 %

Shares of LOAR stock opened at $77.23 on Tuesday. Loar has a 52-week low of $42.57 and a 52-week high of $80.79. 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 has a fifty day simple moving average of $71.97.

Loar (NYSE:LOAR) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $97.10 million during the quarter, compared to analysts’ expectations of $91.70 million. The company’s revenue was up 31.2% on a year-over-year basis. As a group, research analysts anticipate that Loar will post 0.37 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Arcadia Investment Management Corp MI purchased a new position in shares of Loar during the second quarter valued at about $26,000. Amalgamated Bank bought a new position in shares of Loar in the 2nd quarter valued at about $37,000. Linonia Partnership LP bought a new position in shares of Loar in the 2nd quarter valued at about $53,000. RiverPark Advisors LLC bought a new position in shares of Loar in the 2nd quarter valued at about $155,000. Finally, WINTON GROUP Ltd bought a new position in shares of Loar in the 2nd quarter valued at about $205,000.

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.