Westwood Holdings Group Inc. Buys New Holdings in Lydall, Inc. (LDL)

Westwood Holdings Group Inc. bought a new position in Lydall, Inc. (NYSE:LDL) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 179,928 shares of the auto parts company’s stock, valued at approximately $9,303,000. Westwood Holdings Group Inc. owned approximately 1.04% of Lydall at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. The Manufacturers Life Insurance Company increased its holdings in shares of Lydall by 1.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,931 shares of the auto parts company’s stock worth $669,000 after purchasing an additional 242 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Lydall in the 2nd quarter worth $278,000. Dana Investment Advisors Inc. grew its holdings in shares of Lydall by 3.6% in the second quarter. Dana Investment Advisors Inc. now owns 40,324 shares of the auto parts company’s stock worth $2,085,000 after acquiring an additional 1,403 shares during the period. Lyon Street Capital LLC grew its holdings in shares of Lydall by 56.5% in the second quarter. Lyon Street Capital LLC now owns 55,996 shares of the auto parts company’s stock worth $2,895,000 after acquiring an additional 20,218 shares during the period. Finally, Royal Bank of Canada grew its holdings in shares of Lydall by 6.7% in the second quarter. Royal Bank of Canada now owns 989,335 shares of the auto parts company’s stock worth $51,149,000 after acquiring an additional 61,944 shares during the period. 89.07% of the stock is owned by institutional investors and hedge funds.

In related news, insider Joseph A. Abbruzzi sold 2,795 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $52.72, for a total value of $147,352.40. Following the transaction, the insider now directly owns 39,685 shares of the company’s stock, valued at approximately $2,092,193.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.02% of the stock is owned by corporate insiders.

Shares of Lydall, Inc. (NYSE:LDL) traded up 0.43% during mid-day trading on Friday, hitting $58.65. The company had a trading volume of 72,594 shares. The company has a 50-day moving average price of $53.15 and a 200-day moving average price of $51.26. Lydall, Inc. has a 1-year low of $44.14 and a 1-year high of $64.85. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 24.14 and a beta of 1.73.

Lydall (NYSE:LDL) last released its earnings results on Tuesday, August 1st. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $174.88 million for the quarter, compared to the consensus estimate of $174.98 million. The firm’s revenue was up 27.4% on a year-over-year basis. On average, equities analysts anticipate that Lydall, Inc. will post $2.91 EPS for the current year.

LDL has been the subject of several research analyst reports. Roth Capital set a $63.00 price objective on Lydall and gave the stock a “buy” rating in a report on Monday, June 26th. ValuEngine lowered Lydall from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. BidaskClub lowered Lydall from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Zacks Investment Research lowered Lydall from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Finally, Sidoti raised Lydall from a “neutral” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Wednesday, September 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $62.50.

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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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