TIAA CREF Investment Management LLC lifted its position in shares of Lydall, Inc. (NYSE:LDL) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,756 shares of the auto parts company’s stock after acquiring an additional 679 shares during the quarter. TIAA CREF Investment Management LLC owned 0.27% of Lydall worth $2,366,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Lydall by 168,285.2% during the 1st quarter. BlackRock Inc. now owns 2,079,557 shares of the auto parts company’s stock worth $111,465,000 after acquiring an additional 2,078,322 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Lydall by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 924,988 shares of the auto parts company’s stock worth $49,579,000 after acquiring an additional 22,163 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Lydall by 14.4% during the 2nd quarter. Royce & Associates LP now owns 417,210 shares of the auto parts company’s stock worth $21,570,000 after acquiring an additional 52,484 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Lydall by 7.7% during the 1st quarter. Renaissance Technologies LLC now owns 395,800 shares of the auto parts company’s stock worth $21,215,000 after acquiring an additional 28,400 shares in the last quarter. Finally, Rothschild Asset Management Inc. boosted its stake in shares of Lydall by 2.2% during the 2nd quarter. Rothschild Asset Management Inc. now owns 373,767 shares of the auto parts company’s stock worth $19,324,000 after acquiring an additional 7,989 shares in the last quarter. 88.57% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Lydall, Inc. (NYSE LDL) opened at 59.95 on Monday. Lydall, Inc. has a 52 week low of $44.29 and a 52 week high of $64.85. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 24.67 and a beta of 1.72. The stock’s 50 day moving average price is $56.19 and its 200 day moving average price is $51.80.
Lydall (NYSE:LDL) last issued its earnings results on Tuesday, August 1st. The auto parts company reported $0.80 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $174.88 million during the quarter, compared to analysts’ expectations of $174.98 million. The firm’s revenue was up 27.4% compared to the same quarter last year. Equities research analysts anticipate that Lydall, Inc. will post $2.91 EPS for the current fiscal year.
In other Lydall news, insider Joseph A. Abbruzzi sold 2,795 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $52.72, for a total value of $147,352.40. Following the completion of the sale, the insider now owns 39,685 shares in the company, valued at approximately $2,092,193.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.02% of the stock is owned by corporate insiders.
Several equities research analysts have recently commented on LDL shares. Zacks Investment Research raised Lydall from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. BidaskClub lowered Lydall from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. Sidoti raised Lydall from a “neutral” rating to a “buy” rating and set a $62.00 price target on the stock in a research note on Wednesday, September 13th. ValuEngine lowered Lydall from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Roth Capital set a $63.00 price target on Lydall and gave the stock a “buy” rating in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $62.50.
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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