Capstone Asset Management Co. Has $317,000 Stake in Lydall, Inc. (LDL)
Capstone Asset Management Co. reduced its position in Lydall, Inc. (NYSE:LDL) by 23.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,130 shares of the auto parts company’s stock after selling 1,912 shares during the period. Capstone Asset Management Co.’s holdings in Lydall were worth $317,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Lydall by 168,285.2% in the first quarter. BlackRock Inc. now owns 2,079,557 shares of the auto parts company’s stock worth $111,465,000 after buying an additional 2,078,322 shares during the last quarter. Champlain Investment Partners LLC boosted its stake in shares of Lydall by 15.6% in the first quarter. Champlain Investment Partners LLC now owns 1,073,070 shares of the auto parts company’s stock worth $57,517,000 after buying an additional 144,425 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Lydall by 44.0% in the first quarter. Royce & Associates LP now owns 364,726 shares of the auto parts company’s stock worth $19,549,000 after buying an additional 111,513 shares during the last quarter. Lyon Street Capital LLC bought a new stake in shares of Lydall during the first quarter worth approximately $1,918,000. Finally, Stifel Financial Corp boosted its stake in shares of Lydall by 19.0% in the first quarter. Stifel Financial Corp now owns 220,596 shares of the auto parts company’s stock worth $11,816,000 after buying an additional 35,295 shares during the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.
Lydall, Inc. (LDL) traded down 0.85% during mid-day trading on Friday, hitting $46.60. The company had a trading volume of 58,320 shares. The firm has a market capitalization of $803.06 million, a P/E ratio of 19.18 and a beta of 1.68. The company has a 50-day moving average price of $49.90 and a 200 day moving average price of $52.55. Lydall, Inc. has a 12 month low of $44.14 and a 12 month high of $64.85.
Lydall (NYSE:LDL) last released its quarterly earnings results on Tuesday, August 1st. The auto parts company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.10. The company had revenue of $174.88 million during the quarter, compared to analysts’ expectations of $174.98 million. Lydall had a return on equity of 17.43% and a net margin of 6.56%. The business’s revenue was up 27.4% compared to the same quarter last year. Equities analysts forecast that Lydall, Inc. will post $2.91 EPS for the current fiscal year.
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Several research firms recently issued reports on LDL. BidaskClub cut Lydall from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. ValuEngine upgraded Lydall from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Roth Capital set a $63.00 target price on Lydall and gave the stock a “buy” rating in a research report on Monday, June 26th. Finally, Zacks Investment Research cut Lydall from a “hold” rating to a “sell” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Lydall presently has a consensus rating of “Hold” and a consensus target price of $60.50.
In other Lydall news, CAO James V. Laughlan sold 4,700 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $52.69, for a total transaction of $247,643.00. Following the completion of the sale, the chief accounting officer now directly owns 19,743 shares in the company, valued at approximately $1,040,258.67. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Chad A. Mcdaniel sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $54.06, for a total value of $189,210.00. Following the sale, the senior vice president now owns 36,236 shares of the company’s stock, valued at $1,958,918.16. The disclosure for this sale can be found here. 5.02% of the stock is currently owned by 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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