BlueMountain Capital Management LLC grew its holdings in shares of Lydall, Inc. (NYSE:LDL) by 16.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 27,780 shares of the auto parts company’s stock after purchasing an additional 3,956 shares during the period. BlueMountain Capital Management LLC’s holdings in Lydall were worth $1,213,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thomson Horstmann & Bryant Inc. lifted its position in shares of Lydall by 1.1% during the first quarter. Thomson Horstmann & Bryant Inc. now owns 133,764 shares of the auto parts company’s stock worth $6,454,000 after purchasing an additional 1,397 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of Lydall by 1.7% during the first quarter. Prudential Financial Inc. now owns 100,341 shares of the auto parts company’s stock worth $4,841,000 after purchasing an additional 1,630 shares in the last quarter. Swiss National Bank lifted its position in shares of Lydall by 6.0% during the first quarter. Swiss National Bank now owns 30,100 shares of the auto parts company’s stock worth $1,452,000 after purchasing an additional 1,700 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Lydall by 5.8% during the second quarter. Legal & General Group Plc now owns 34,111 shares of the auto parts company’s stock worth $1,488,000 after purchasing an additional 1,880 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Lydall by 4.7% during the second quarter. Rhumbline Advisers now owns 41,635 shares of the auto parts company’s stock worth $1,817,000 after purchasing an additional 1,886 shares in the last quarter. 91.29% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently commented on LDL. Zacks Investment Research raised shares of Lydall from a “sell” rating to a “hold” rating in a research report on Thursday, July 5th. ValuEngine cut shares of Lydall from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. Finally, Roth Capital set a $53.00 price target on shares of Lydall and gave the company a “buy” rating in a report on Monday, August 13th.

LDL opened at $40.15 on Thursday. The firm has a market capitalization of $714.31 million, a P/E ratio of 14.34 and a beta of 1.46. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.08 and a current ratio of 2.82. Lydall, Inc. has a 12-month low of $37.50 and a 12-month high of $60.00.

Lydall (NYSE:LDL) last posted its quarterly earnings results on Wednesday, August 1st. The auto parts company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.01). The company had revenue of $186.40 million during the quarter, compared to analyst estimates of $181.65 million. Lydall had a net margin of 6.20% and a return on equity of 12.74%. The company’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.80 earnings per share. equities research analysts anticipate that Lydall, Inc. will post 2.53 EPS for the current fiscal year.

Lydall Company Profile

Lydall, Inc designs, manufactures, and markets specialty engineered filtration media, industrial thermal insulating solutions, and automotive thermal and acoustical barriers for filtration/separation and thermal/acoustical applications worldwide. It operates through Performance Materials, Technical Nonwovens, and Thermal Acoustical Solutions segments.

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Institutional Ownership by Quarter for Lydall (NYSE:LDL)

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