Morgan Stanley lowered its position in shares of Lydall, Inc. (NYSE:LDL) by 20.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 99,264 shares of the auto parts company’s stock after selling 24,870 shares during the period. Morgan Stanley owned about 0.58% of Lydall worth $5,321,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. PNC Financial Services Group Inc. boosted its stake in shares of Lydall by 0.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,044 shares of the auto parts company’s stock worth $110,000 after buying an additional 16 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Lydall by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 1,900 shares of the auto parts company’s stock worth $101,000 after buying an additional 40 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Lydall by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,000 shares of the auto parts company’s stock worth $375,000 after buying an additional 100 shares during the last quarter. Creative Planning boosted its stake in shares of Lydall by 6.9% in the first quarter. Creative Planning now owns 2,335 shares of the auto parts company’s stock worth $125,000 after buying an additional 150 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Lydall by 3.2% in the first quarter. Envestnet Asset Management Inc. now owns 4,801 shares of the auto parts company’s stock worth $257,000 after buying an additional 150 shares during the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Shares of Lydall, Inc. (LDL) traded up 0.51% during midday trading on Tuesday, reaching $49.50. 24,348 shares of the company’s stock were exchanged. The stock has a market cap of $853.03 million, a price-to-earnings ratio of 20.37 and a beta of 1.68. Lydall, Inc. has a one year low of $43.65 and a one year high of $64.85. The firm has a 50 day moving average of $50.86 and a 200-day moving average of $53.03.

Lydall (NYSE:LDL) last issued its quarterly earnings results on Tuesday, August 1st. The auto parts company reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.10. The business had revenue of $174.88 million for the quarter, compared to analysts’ expectations of $174.98 million. Lydall had a net margin of 6.56% and a return on equity of 17.43%. The business’s quarterly revenue was up 27.4% compared to the same quarter last year. On average, equities research analysts anticipate that Lydall, Inc. will post $2.91 earnings per share for the current year.

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A number of equities research analysts have issued reports on the stock. BidaskClub cut shares of Lydall from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Roth Capital set a $63.00 target price on shares of Lydall and gave the company a “buy” rating in a report on Saturday, May 20th. Zacks Investment Research cut shares of Lydall from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, ValuEngine raised shares of Lydall from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $60.50.

In other news, CAO James V. Laughlan sold 4,700 shares of Lydall stock in a transaction on Monday, May 15th. The shares were sold at an average price of $52.69, for a total transaction of $247,643.00. Following the transaction, the chief accounting officer now owns 19,743 shares in the company, valued at approximately $1,040,258.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Chad A. Mcdaniel sold 3,500 shares of Lydall stock in a transaction 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 transaction, the senior vice president now owns 36,236 shares in the company, valued at approximately $1,958,918.16. The disclosure for this sale can be found here. Company 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.

Institutional Ownership by Quarter for Lydall (NYSE:LDL)

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