Salzhauer Michael continued to hold its stake in shares of Lydall, Inc. (NYSE:LDL) during the second quarter, according to its most recent filing with the SEC. The fund owned 5,000 shares of the auto parts company’s stock at the end of the second quarter. Salzhauer Michael’s holdings in Lydall were worth $259,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of LDL. 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 valued at $101,000 after buying an additional 40 shares during the period. LS Investment Advisors LLC boosted its stake in shares of Lydall by 216.6% in the first quarter. LS Investment Advisors LLC now owns 2,061 shares of the auto parts company’s stock valued at $110,000 after buying an additional 1,410 shares during the period. 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 valued at $110,000 after buying an additional 16 shares during the period. 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 valued at $125,000 after buying an additional 150 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Lydall by 12.0% in the first quarter. Victory Capital Management Inc. now owns 3,138 shares of the auto parts company’s stock valued at $168,000 after buying an additional 336 shares during the period. 90.05% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Lydall, Inc. (NYSE:LDL) traded down 1.18% during midday trading on Thursday, hitting $50.40. The stock had a trading volume of 3,236 shares. The firm has a 50 day moving average price of $51.55 and a 200-day moving average price of $53.78. The stock has a market cap of $868.29 million, a PE ratio of 21.91 and a beta of 1.70. Lydall, Inc. has a 52-week low of $43.32 and a 52-week high of $64.85.
Lydall (NYSE:LDL) last released its quarterly earnings data on Thursday, May 4th. The auto parts company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.17. The company had revenue of $165.49 million during the quarter, compared to the consensus estimate of $155.50 million. Lydall had a net margin of 6.59% and a return on equity of 17.52%. Equities analysts predict that Lydall, Inc. will post $2.97 EPS for the current fiscal year.
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Several equities research analysts have recently issued reports on the company. ValuEngine cut Lydall from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Roth Capital set a $63.00 target price on Lydall and gave the stock a “buy” rating in a report on Monday, June 26th. Finally, BidaskClub cut Lydall from a “hold” rating to a “sell” rating in a report on Sunday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $60.50.
In other Lydall news, CAO James V. Laughlan sold 4,700 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $52.69, for a total value of $247,643.00. Following the completion of the sale, the chief accounting officer now owns 19,743 shares in the company, valued at approximately $1,040,258.67. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Chad A. Mcdaniel sold 3,500 shares of the stock in a transaction dated 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 owns 36,236 shares of the company’s stock, valued at approximately $1,958,918.16. The disclosure for this sale can be found here. 5.02% of the stock is currently owned by corporate 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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