Following this transaction, Dirkson, through the Charles Family Trust 13, holds 4,721,377 shares indirectly. It is noted that Dirkson disclaims beneficial ownership of these securities except to the extent of his pecuniary interest in them. The company maintains strong fundamentals with a current ratio of 3.95 and operates with moderate debt levels. InvestingPro subscribers have access to 14 additional key insights about LOAR's financial health and growth prospects. The company maintains strong fundamentals with a current ratio of 3.95 and operates with moderate debt levels. InvestingPro subscribers have access to 14 additional key insights about LOAR's financial health and growth prospects.
Following this transaction, Dirkson, through the Charles Family Trust 13, holds 4,721,377 shares indirectly. It is noted that Dirkson disclaims beneficial ownership of these securities except to the extent of his pecuniary interest in them.
In other recent news, Loar Holdings Inc. has seen significant developments. RBC Capital Markets has maintained its Outperform rating for Loar Holdings, following the successful completion of an equity offering and the strategic acquisition of Applied Avionics. The equity offering raised approximately $310 million in net proceeds, while the acquisition is expected to increase Loar's annual revenues by about $40 million.
Analysts from firms such as Jefferies, Citi, and Morgan Stanley (NYSE:MS) have initiated coverage on Loar Holdings, expressing confidence in the company's potential for significant free cash flow in the coming years. RBC Capital also updated its price target for Loar Holdings to $100, signaling an optimistic outlook for the company.
Loar Holdings reported strong earnings and revenue results, with a 17% increase in organic growth and an adjusted EBITDA of $35 million. Total (EPA:TTEF) sales reached $97 million, indicating a solid financial performance.
These are recent developments that highlight the ongoing growth and financial strategy of Loar Holdings. As always, these projections are based on analyst expectations, and actual results may vary.
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