Dimensional Fund Advisors LP Has $60.03 Million Position in Lydall, Inc. (LDL)

Dimensional Fund Advisors LP cut its stake in shares of Lydall, Inc. (NYSE:LDL) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,047,612 shares of the auto parts company’s stock after selling 17,155 shares during the quarter. Dimensional Fund Advisors LP owned approximately 6.08% of Lydall worth $60,029,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of LDL. Pinebridge Investments L.P. lifted its position in shares of Lydall by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 2,270 shares of the auto parts company’s stock valued at $118,000 after purchasing an additional 22 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Lydall during the third quarter valued at about $165,000. Victory Capital Management Inc. increased its holdings in Lydall by 13.4% during the second 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. Aperio Group LLC increased its holdings in Lydall by 10.8% during the second quarter. Aperio Group LLC now owns 4,217 shares of the auto parts company’s stock worth $218,000 after buying an additional 410 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Lydall during the second quarter worth about $278,000. 90.22% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research upgraded shares of Lydall from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $62.50.

Lydall, Inc. (NYSE LDL) opened at $49.85 on Tuesday. Lydall, Inc. has a 12 month low of $45.45 and a 12 month high of $63.20. The company has a market cap of $859.51, a P/E ratio of 21.49 and a beta of 1.64. 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 (NYSE:LDL) last announced its earnings results on Tuesday, October 31st. The auto parts company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.08). The company had revenue of $180.00 million for 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% compared to the same quarter last year. equities analysts forecast that Lydall, Inc. will post 2.76 EPS for the current year.

In related news, Director S Carl Soderstrom, Jr. sold 1,588 shares of Lydall stock in a transaction on Monday, November 6th. The shares were sold at an average price of $55.00, for a total value of $87,340.00. Following the transaction, the director now directly owns 20,121 shares of the company’s stock, valued at $1,106,655. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Dale G. Barnhart sold 12,685 shares of Lydall stock in a transaction on Friday, November 17th. The stock was sold at an average price of $53.90, for a total transaction of $683,721.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,701 shares of company stock valued at $1,959,897. Company insiders own 5.02% of the company’s stock.

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Lydall Profile

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.

Institutional Ownership by Quarter for Lydall (NYSE:LDL)

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