Wells Fargo & Company MN grew its stake in Lydall, Inc. (NYSE:LDL) by 40.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 30,597 shares of the auto parts company’s stock after acquiring an additional 8,835 shares during the period. Wells Fargo & Company MN owned about 0.18% of Lydall worth $1,553,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in LDL. SG Americas Securities LLC purchased a new stake in shares of Lydall in the 3rd quarter valued at approximately $165,000. Algert Global LLC purchased a new stake in shares of Lydall in the 4th quarter valued at approximately $206,000. Teacher Retirement System of Texas purchased a new stake in shares of Lydall in the 4th quarter valued at approximately $302,000. First Trust Advisors LP raised its stake in shares of Lydall by 16.7% in the 4th quarter. First Trust Advisors LP now owns 21,902 shares of the auto parts company’s stock valued at $1,112,000 after acquiring an additional 3,130 shares during the period. Finally, Nationwide Fund Advisors raised its stake in shares of Lydall by 5.1% in the 3rd quarter. Nationwide Fund Advisors now owns 27,189 shares of the auto parts company’s stock valued at $1,558,000 after acquiring an additional 1,309 shares during the period. 90.72% of the stock is currently owned by institutional investors and hedge funds.
Shares of LDL opened at $49.25 on Thursday. Lydall, Inc. has a fifty-two week low of $42.51 and a fifty-two week high of $60.00. The company has a market cap of $846.03, a P/E ratio of 17.59 and a beta of 1.44. The company has a current ratio of 2.68, a quick ratio of 1.89 and a debt-to-equity ratio of 0.22.
Lydall (NYSE:LDL) last announced its earnings results on Wednesday, February 21st. The auto parts company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.06. Lydall had a net margin of 7.01% and a return on equity of 14.99%. The firm had revenue of $178.03 million for the quarter, compared to the consensus estimate of $165.50 million. During the same period in the prior year, the firm earned $0.52 EPS. The firm’s revenue for the quarter was up 23.5% on a year-over-year basis. research analysts forecast that Lydall, Inc. will post 3.05 earnings per share for the current fiscal year.
In related news, CFO Scott M. Deakin sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $48.42, for a total transaction of $242,100.00. Following the sale, the chief financial officer now directly owns 27,034 shares of the company’s stock, valued at approximately $1,308,986.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kathleen Burdett sold 7,604 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $49.80, for a total transaction of $378,679.20. Following the sale, the director now directly owns 27,412 shares in the company, valued at $1,365,117.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,317 shares of company stock worth $897,310. 4.43% of the stock is owned by insiders.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Lydall from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 4th. Roth Capital cut their target price on shares of Lydall from $63.00 to $56.00 and set a “buy” rating on the stock in a research note on Monday, February 26th. Finally, ValuEngine downgraded shares of Lydall from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $59.00.
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Lydall, Inc designs, manufactures, and markets specialty engineered filtration media, industrial thermal insulating solutions, and automotive thermal and acoustical barriers for filtration/separation and thermal/acoustical applications worldwide. It operates through Performance Materials, Technical Nonwovens, and Thermal Acoustical Solutions segments.
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