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.
ILLEGAL ACTIVITY NOTICE: “Dimensional Fund Advisors LP Has $60.03 Million Position in Lydall, Inc. (LDL)” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this news story on another site, it was illegally copied and republished in violation of international copyright law. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2018/01/16/lydall-inc-ldl-shares-sold-by-dimensional-fund-advisors-lp.html.
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.
Receive News & Ratings for Lydall Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lydall and related companies with MarketBeat.com's FREE daily email newsletter.