State of Alaska Department of Revenue raised its stake in shares of Lydall, Inc. (NYSE:LDL) by 77.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,381 shares of the auto parts company’s stock after buying an additional 1,481 shares during the period. State of Alaska Department of Revenue’s holdings in Lydall were worth $174,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. Teachers Advisors LLC raised its position in Lydall by 8.9% in the fourth quarter. Teachers Advisors LLC now owns 30,733 shares of the auto parts company’s stock valued at $1,901,000 after buying an additional 2,510 shares during the last quarter. Creative Planning raised its position in Lydall by 6.9% in the first quarter. Creative Planning now owns 2,335 shares of the auto parts company’s stock valued at $125,000 after buying an additional 150 shares during the last quarter. Capstone Asset Management Co. raised its position in Lydall by 15.1% in the first quarter. Capstone Asset Management Co. now owns 8,042 shares of the auto parts company’s stock valued at $431,000 after buying an additional 1,052 shares during the last quarter. Louisiana State Employees Retirement System raised its position in 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 valued at $375,000 after buying an additional 100 shares during the last quarter. Finally, Adams Diversified Equity Fund Inc. raised its position in Lydall by 3.1% in the first quarter. Adams Diversified Equity Fund Inc. now owns 20,200 shares of the auto parts company’s stock valued at $1,083,000 after buying an additional 600 shares during the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

Shares of Lydall, Inc. (LDL) traded up 1.93% during trading on Tuesday, reaching $50.20. 29,245 shares of the company’s stock were exchanged. The firm has a market capitalization of $865.10 million, a P/E ratio of 20.66 and a beta of 1.68. The company has a 50 day moving average of $50.86 and a 200 day moving average of $53.03. Lydall, Inc. has a 52-week low of $43.65 and a 52-week high of $64.85.

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

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Several equities analysts recently weighed in on LDL shares. 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. ValuEngine upgraded shares of Lydall from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub lowered shares of Lydall from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Finally, Zacks Investment Research lowered shares of Lydall from a “hold” rating to a “sell” rating in a report on Tuesday. 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 company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $60.50.

In related news, SVP Chad A. Mcdaniel sold 3,500 shares of the company’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $54.06, for a total transaction of $189,210.00. Following the completion of the sale, the senior vice president now directly owns 36,236 shares of the company’s stock, valued at approximately $1,958,918.16. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO James V. Laughlan sold 4,700 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $52.69, for a total transaction of $247,643.00. Following the sale, the chief accounting officer now directly owns 19,743 shares of the company’s stock, valued at $1,040,258.67. The disclosure for this sale can be found here. 5.02% of the stock is currently owned by corporate insiders.

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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Institutional Ownership by Quarter for Lydall (NYSE:LDL)

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