Thrivent Financial For Lutherans increased its position in Lydall, Inc. (NYSE:LDL) by 5.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,820 shares of the auto parts company’s stock after buying an additional 520 shares during the period. Thrivent Financial For Lutherans owned approximately 0.06% of Lydall worth $526,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the company. Rothschild Asset Management Inc. boosted its stake in shares of Lydall by 1.8% in the first quarter. Rothschild Asset Management Inc. now owns 365,778 shares of the auto parts company’s stock worth $19,606,000 after buying an additional 6,636 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Lydall by 44.0% in the first quarter. Royce & Associates LP now owns 364,726 shares of the auto parts company’s stock worth $19,549,000 after buying an additional 111,513 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Lydall by 1.4% in the first quarter. Wellington Management Group LLP now owns 333,812 shares of the auto parts company’s stock worth $17,892,000 after buying an additional 4,467 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Lydall by 19.0% in the first quarter. Stifel Financial Corp now owns 220,596 shares of the auto parts company’s stock worth $11,816,000 after buying an additional 35,295 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Lydall by 0.8% in the first quarter. Principal Financial Group Inc. now owns 135,888 shares of the auto parts company’s stock worth $7,284,000 after buying an additional 1,025 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.
Shares of Lydall, Inc. (NYSE LDL) opened at 51.00 on Thursday. The company has a market cap of $878.63 million, a PE ratio of 22.17 and a beta of 1.70. The firm’s 50-day moving average price is $51.55 and its 200-day moving average price is $53.78. Lydall, Inc. has a 12 month low of $43.32 and a 12 month high of $64.85.
Lydall (NYSE:LDL) last issued its earnings results on Thursday, May 4th. The auto parts company reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.17. Lydall had a return on equity of 17.52% and a net margin of 6.59%. The company had revenue of $165.49 million during the quarter, compared to the consensus estimate of $155.50 million. Equities analysts predict that Lydall, Inc. will post $2.97 EPS for the current fiscal year.
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LDL has been the subject of a number of recent analyst reports. Roth Capital set a $63.00 target price on Lydall and gave the stock a “buy” rating in a research report on Saturday, May 20th. BidaskClub cut Lydall from a “hold” rating to a “sell” rating in a research report on Sunday. Finally, ValuEngine raised Lydall from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Lydall has an average rating of “Hold” and a consensus price target of $60.50.
In other news, SVP Chad A. Mcdaniel sold 3,500 shares of Lydall stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $54.06, for a total transaction of $189,210.00. Following the completion of the transaction, the senior vice president now directly owns 36,236 shares in the company, valued at approximately $1,958,918.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO James V. Laughlan sold 4,700 shares of Lydall stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $52.69, for a total value of $247,643.00. Following the transaction, the chief accounting officer now owns 19,743 shares of the company’s stock, valued at $1,040,258.67. The disclosure for this sale can be found here. Insiders own 5.02% of the company’s stock.
Lydall Company Profile
Lydall, Inc designs and manufactures specialty engineered filtration media, industrial thermal insulating solutions, automotive thermal and acoustical barriers for filtration/separation and thermal/acoustical applications. The Company’s segments are Performance Materials, Technical Nonwovens, Thermal/Acoustical Metals and Thermal/Acoustical Fibers.
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