SG Americas Securities LLC bought a new position in Lydall, Inc. (NYSE:LDL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,638 shares of the auto parts company’s stock, valued at approximately $290,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Bank of New York Mellon Corp lifted its holdings in Lydall by 4.1% in the second quarter. Bank of New York Mellon Corp now owns 203,475 shares of the auto parts company’s stock worth $8,881,000 after acquiring an additional 7,936 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Lydall by 4.7% during the second quarter. Rhumbline Advisers now owns 41,635 shares of the auto parts company’s stock valued at $1,817,000 after buying an additional 1,886 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of Lydall during the second quarter valued at approximately $433,000. State of Wisconsin Investment Board raised its holdings in shares of Lydall by 12.8% during the second quarter. State of Wisconsin Investment Board now owns 88,000 shares of the auto parts company’s stock valued at $3,841,000 after buying an additional 10,000 shares during the last quarter. Finally, Investment Counselors of Maryland LLC raised its holdings in shares of 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 valued at $21,161,000 after buying an additional 79,362 shares during the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on LDL shares. ValuEngine cut Lydall from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd. Zacks Investment Research raised Lydall from a “sell” rating to a “hold” rating in a report on Thursday, July 5th. Finally, Roth Capital set a $53.00 price target on Lydall and gave the company a “buy” rating in a report on Monday, August 13th.

LDL opened at $42.25 on Monday. The company has a market cap of $734.29 million, a PE ratio of 15.09 and a beta of 1.46. The company has a current ratio of 2.82, a quick ratio of 2.08 and a debt-to-equity ratio of 0.21. Lydall, Inc. has a twelve month low of $37.50 and a twelve month high of $60.00.

Lydall (NYSE:LDL) last released its quarterly earnings results on Wednesday, August 1st. The auto parts company reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.01). The business had revenue of $186.40 million for the quarter, compared to the consensus estimate of $181.65 million. Lydall had a net margin of 6.20% and a return on equity of 12.74%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm posted $0.80 EPS. analysts anticipate that Lydall, Inc. will post 2.53 earnings per share for the current year.

About Lydall

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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Institutional Ownership by Quarter for Lydall (NYSE:LDL)

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