Tributary Capital Management LLC Has $8.89 Million Position in Lydall, Inc. (LDL)
Tributary Capital Management LLC increased its position in shares of Lydall, Inc. (NYSE:LDL) by 21.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 206,314 shares of the auto parts company’s stock after purchasing an additional 36,096 shares during the period. Tributary Capital Management LLC owned approximately 1.19% of Lydall worth $8,892,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of LDL. BlackRock Inc. grew its position in Lydall by 8.7% during the second quarter. BlackRock Inc. now owns 2,392,586 shares of the auto parts company’s stock worth $104,437,000 after buying an additional 191,836 shares during the period. Dimensional Fund Advisors LP grew its position in Lydall by 9.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,132,616 shares of the auto parts company’s stock worth $49,439,000 after buying an additional 98,756 shares during the period. Investment Counselors of Maryland LLC grew its position in Lydall by 19.6% during the second quarter. Investment Counselors of Maryland LLC now owns 484,793 shares of the auto parts company’s stock worth $21,161,000 after buying an additional 79,362 shares during the period. Russell Investments Group Ltd. grew its position in Lydall by 346.0% during the first quarter. Russell Investments Group Ltd. now owns 49,803 shares of the auto parts company’s stock worth $2,403,000 after buying an additional 38,636 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of Lydall by 114.3% in the first quarter. Wells Fargo & Company MN now owns 65,574 shares of the auto parts company’s stock valued at $3,163,000 after purchasing an additional 34,977 shares during the last quarter. Institutional investors own 91.28% of the company’s stock.
Several analysts have recently commented on LDL shares. Roth Capital set a $53.00 price target on shares of Lydall and gave the company a “buy” rating in a research report on Monday, August 13th. ValuEngine upgraded shares of Lydall from a “sell” rating to a “hold” rating in a research report on Thursday, July 12th. Finally, Zacks Investment Research upgraded shares of Lydall from a “sell” rating to a “hold” rating in a research report on Thursday, July 5th.
Lydall (NYSE:LDL) last released its quarterly earnings results on Wednesday, August 1st. The auto parts company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.01). The business 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 firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.80 earnings per share. Equities analysts anticipate that Lydall, Inc. will post 2.53 EPS for the current fiscal year.
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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