LS Investment Advisors LLC Has $107,000 Stake in Lydall, Inc. (LDL)
LS Investment Advisors LLC maintained its position in shares of Lydall, Inc. (NYSE:LDL) during the second quarter, Holdings Channel reports. The firm owned 2,061 shares of the auto parts company’s stock at the end of the second quarter. LS Investment Advisors LLC’s holdings in Lydall were worth $107,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the stock. PNC Financial Services Group Inc. raised its position 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 valued at $110,000 after buying an additional 16 shares during the period. State of Alaska Department of Revenue raised its position 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 valued at $101,000 after buying an additional 40 shares during the period. Louisiana State Employees Retirement System raised its position 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 valued at $375,000 after buying an additional 100 shares during the period. Creative Planning raised its position 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 valued at $125,000 after buying an additional 150 shares during the period. Finally, Envestnet Asset Management Inc. raised its position 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 valued at $257,000 after buying an additional 150 shares during the period. 87.71% of the stock is currently owned by institutional investors and hedge funds.
Shares of Lydall, Inc. (NYSE LDL) traded down 0.85% during trading on Friday, hitting $46.60. The stock had a trading volume of 58,320 shares. Lydall, Inc. has a 12-month low of $44.14 and a 12-month high of $64.85. The stock’s 50 day moving average is $49.90 and its 200-day moving average is $52.55. The company has a market cap of $803.06 million, a PE ratio of 19.18 and a beta of 1.68.
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 consensus estimate of $0.70 by $0.10. Lydall had a return on equity of 17.43% and a net margin of 6.56%. The business had revenue of $174.88 million for the quarter, compared to analysts’ expectations of $174.98 million. The company’s revenue for the quarter was up 27.4% compared to the same quarter last year. Analysts forecast that Lydall, Inc. will post $2.91 earnings per share for the current year.
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Several brokerages have recently commented on LDL. BidaskClub lowered Lydall from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Roth Capital set a $63.00 price target on Lydall and gave the company a “buy” rating in a research note on Saturday, May 20th. Zacks Investment Research lowered Lydall from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, ValuEngine raised Lydall from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $60.50.
In other news, CAO James V. Laughlan sold 4,700 shares of the firm’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 owns 19,743 shares in the company, valued at $1,040,258.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Chad A. Mcdaniel sold 3,500 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $54.06, for a total value of $189,210.00. Following the sale, 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. 5.02% of the stock is owned by company insiders.
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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