Royal Bank of Canada initiated coverage on shares of Loar (NYSE:LOAR – Free Report) in a research report report published on Monday morning, Marketbeat reports. The firm issued an outperform rating and a $60.00 target price on the stock.
Loar Stock Performance
Shares of NYSE LOAR opened at $54.83 on Monday. Loar has a 52-week low of $42.57 and a 52-week high of $61.00.
Insider Activity
In related news, Director M Chad Crow acquired 71,429 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was purchased at an average cost of $28.00 per share, with a total value of $2,000,012.00. Following the completion of the acquisition, the director now directly owns 89,286 shares of the company’s stock, valued at $2,500,008. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
About Loar
Loar Holdings Inc is a diversified manufacturer and supplier of niche aerospace and defense components for aircraft and aerospace and defense systems. Loar Holdings Inc is based in WHITE PLAINS, NY.
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