Metropolitan Life Insurance Co. NY continued to hold its position in Lydall, Inc. (NYSE:LDL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,882 shares of the auto parts company’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY owned 0.07% of Lydall worth $637,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of America Corp DE increased its position in Lydall by 47.2% in the first quarter. Bank of America Corp DE now owns 74,483 shares of the auto parts company’s stock worth $3,992,000 after buying an additional 23,900 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Lydall by 36.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 89,421 shares of the auto parts company’s stock worth $4,793,000 after buying an additional 24,050 shares in the last quarter. Champlain Investment Partners LLC increased its position in 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 in the last quarter. BlackRock Inc. increased its position in 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 in the last quarter. Finally, Renaissance Technologies LLC increased its position in Lydall by 7.7% in the first quarter. Renaissance Technologies LLC now owns 395,800 shares of the auto parts company’s stock worth $21,215,000 after buying an additional 28,400 shares in the last quarter. Institutional investors own 88.35% of the company’s stock.
Lydall, Inc. (LDL) traded up 0.161% on Friday, reaching $46.675. 15,900 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $49.49 and a 200-day moving average price of $52.13. 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 $804.35 million, a P/E ratio of 19.208 and a beta of 1.68.
Lydall (NYSE:LDL) last released its earnings results on Tuesday, August 1st. The auto parts company reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.10. Lydall had a net margin of 6.56% and a return on equity of 17.43%. The company had revenue of $174.88 million during the quarter, compared to analysts’ expectations of $174.98 million. The company’s revenue for the quarter was up 27.4% compared to the same quarter last year. Equities research analysts expect that Lydall, Inc. will post $2.91 earnings per share for the current year.
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A number of research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Lydall from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. BidaskClub downgraded shares of Lydall from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. Roth Capital set a $63.00 target price on shares of Lydall and gave the company a “buy” rating in a research report on Monday, July 31st. Finally, ValuEngine downgraded shares of Lydall from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Lydall currently has a consensus rating of “Hold” and an average price target of $60.50.
In other news, SVP Chad A. Mcdaniel sold 3,500 shares of the firm’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $54.06, for a total value of $189,210.00. Following the completion of the sale, the senior vice president now owns 36,236 shares in the company, valued at approximately $1,958,918.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.02% of the stock is currently owned by company 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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