Thomson Horstmann & Bryant Inc. Acquires 3,691 Shares of Lydall, Inc. (LDL)
Thomson Horstmann & Bryant Inc. lifted its holdings in Lydall, Inc. (NYSE:LDL) by 2.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 132,367 shares of the auto parts company’s stock after buying an additional 3,691 shares during the quarter. Thomson Horstmann & Bryant Inc.’s holdings in Lydall were worth $6,717,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of LDL. Pinebridge Investments L.P. lifted its position in shares of Lydall by 1.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 2,270 shares of the auto parts company’s stock worth $118,000 after buying an additional 22 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Lydall in the 3rd quarter worth about $165,000. Victory Capital Management Inc. lifted its position in shares of Lydall by 13.4% in the 2nd quarter. Victory Capital Management Inc. now owns 3,559 shares of the auto parts company’s stock worth $184,000 after buying an additional 421 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of Lydall in the 3rd quarter worth about $215,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Lydall in the 2nd quarter worth about $278,000. Institutional investors own 90.22% of the company’s stock.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Lydall from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 4th. Sidoti upgraded shares of Lydall from a “neutral” rating to a “buy” rating and set a $62.00 price target on the stock in a research report on Wednesday, September 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Lydall currently has an average rating of “Hold” and a consensus target price of $62.50.
In related news, CAO James V. Laughlan sold 2,275 shares of Lydall stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $54.58, for a total value of $124,169.50. Following the sale, the chief accounting officer now directly owns 13,127 shares in the company, valued at approximately $716,471.66. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director S Carl Soderstrom, Jr. sold 1,588 shares of Lydall stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $55.00, for a total transaction of $87,340.00. Following the completion of the sale, the director now owns 20,121 shares in the company, valued at $1,106,655. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,701 shares of company stock worth $1,959,897. 5.02% of the stock is currently owned by insiders.
Lydall, Inc. (NYSE:LDL) traded down $0.65 during trading on Wednesday, hitting $50.55. 63,000 shares of the stock were exchanged, compared to its average volume of 49,733. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.91 and a current ratio of 2.67. Lydall, Inc. has a one year low of $45.45 and a one year high of $63.20. The company has a market cap of $883.65, a P/E ratio of 21.79 and a beta of 1.64.
Lydall (NYSE:LDL) last issued its quarterly earnings data on Tuesday, October 31st. The auto parts company reported $0.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.08). The firm had revenue of $180.00 million during the quarter, compared to the consensus estimate of $172.21 million. Lydall had a net margin of 6.00% and a return on equity of 15.22%. The company’s revenue was up 15.6% on a year-over-year basis. equities analysts expect that Lydall, Inc. will post 2.76 EPS for the current year.
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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