Sei Investments Co. boosted its position in shares of Lydall, Inc. (NYSE:LDL) by 18.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,060 shares of the auto parts company’s stock after buying an additional 7,486 shares during the period. Sei Investments Co. owned about 0.28% of Lydall worth $2,485,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LDL. State of Alaska Department of Revenue raised its position in shares of Lydall by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 1,900 shares of the auto parts company’s stock valued at $101,000 after buying an additional 40 shares during the period. LS Investment Advisors LLC raised its position in shares of Lydall by 216.6% in the first quarter. LS Investment Advisors LLC now owns 2,061 shares of the auto parts company’s stock valued at $110,000 after buying an additional 1,410 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Lydall by 0.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,044 shares of the auto parts company’s stock valued at $110,000 after buying an additional 16 shares during the period. Creative Planning raised its position in shares of Lydall by 6.9% in the first quarter. Creative Planning now owns 2,335 shares of the auto parts company’s stock valued at $125,000 after buying an additional 150 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of Lydall by 12.0% in the first quarter. Victory Capital Management Inc. now owns 3,138 shares of the auto parts company’s stock valued at $168,000 after buying an additional 336 shares during the period. Hedge funds and other institutional investors own 88.35% of the company’s stock.

Lydall, Inc. (NYSE:LDL) opened at 46.50 on Thursday. The stock has a market capitalization of $801.33 million, a price-to-earnings ratio of 19.14 and a beta of 1.68. The company has a 50-day moving average of $49.00 and a 200 day moving average of $51.65. Lydall, Inc. has a 12 month low of $44.14 and a 12 month high of $64.85.

Lydall (NYSE:LDL) last released its earnings results on Tuesday, August 1st. The auto parts company reported $0.80 earnings per share (EPS) 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 business had revenue of $174.88 million during the quarter, compared to analyst estimates of $174.98 million. The business’s revenue was up 27.4% compared to the same quarter last year. On average, equities research analysts anticipate that Lydall, Inc. will post $2.91 earnings per share for the current fiscal year.

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Several research analysts recently issued reports on LDL shares. BidaskClub lowered shares of Lydall from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. ValuEngine upgraded shares of Lydall from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Roth Capital set a $63.00 target price on shares of Lydall and gave the stock a “buy” rating in a research report on Monday, June 26th. Finally, Zacks Investment Research lowered shares of Lydall from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $60.50.

In other news, SVP Chad A. Mcdaniel sold 3,500 shares of the company’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $54.06, for a total transaction of $189,210.00. Following the completion of the sale, the senior vice president now owns 36,236 shares of the company’s stock, valued at $1,958,918.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.02% of the stock is owned by corporate insiders.

Lydall Company 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.

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Institutional Ownership by Quarter for Lydall (NYSE:LDL)

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