Piedmont Investment Advisors LLC bought a new stake in Lydall, Inc. (NYSE:LDL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,754 shares of the auto parts company’s stock, valued at approximately $215,000.

Several other hedge funds also recently bought and sold shares of the company. Highbridge Capital Management LLC bought a new position in shares of Lydall in the third quarter valued at approximately $381,000. Stifel Financial Corp lifted its holdings in shares of Lydall by 6.7% in the third quarter. Stifel Financial Corp now owns 275,783 shares of the auto parts company’s stock valued at $15,781,000 after purchasing an additional 17,254 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Lydall by 40.5% in the third quarter. Wells Fargo & Company MN now owns 21,762 shares of the auto parts company’s stock valued at $1,246,000 after purchasing an additional 6,277 shares in the last quarter. Trexquant Investment LP bought a new position in shares of Lydall in the third quarter valued at approximately $416,000. Finally, ETRADE Capital Management LLC lifted its holdings in Lydall by 72.8% during the third quarter. ETRADE Capital Management LLC now owns 23,809 shares of the auto parts company’s stock worth $1,364,000 after acquiring an additional 10,031 shares during the period. Institutional investors own 90.35% of the company’s stock.

Shares of Lydall, Inc. (NYSE:LDL) opened at $50.45 on Monday. The company has a market capitalization of $869.86, a price-to-earnings ratio of 18.90 and a beta of 1.63. Lydall, Inc. has a fifty-two week low of $45.45 and a fifty-two week high of $64.85. The company has a current ratio of 2.67, a quick ratio of 1.91 and a debt-to-equity ratio of 0.28.

Lydall (NYSE:LDL) last issued its quarterly earnings results on Tuesday, October 31st. The auto parts company reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.08). The business had revenue of $180.00 million for the quarter, compared to the consensus estimate of $172.21 million. Lydall had a return on equity of 15.22% and a net margin of 6.00%. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. analysts anticipate that Lydall, Inc. will post 2.76 EPS for the current fiscal year.

In other Lydall news, Director William D. Gurley sold 3,252 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $55.15, for a total value of $179,347.80. Following the completion of the sale, the director now directly owns 49,647 shares of the company’s stock, valued at $2,738,032.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO James V. Laughlan sold 2,275 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $54.58, for a total value of $124,169.50. Following the completion of the sale, the chief accounting officer now directly owns 13,127 shares of the company’s stock, valued at $716,471.66. The disclosure for this sale can be found here. Insiders sold 35,701 shares of company stock valued at $1,959,897 over the last three months. Company insiders own 5.02% of the company’s stock.

A number of analysts recently commented on the company. Zacks Investment Research lowered Lydall from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 7th. Sidoti upgraded Lydall from a “neutral” rating to a “buy” rating and set a $62.00 price target on the stock in a report on Wednesday, September 13th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target 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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