BlackRock Inc. trimmed its stake in shares of Lydall, Inc. (NYSE:LDL) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,042,563 shares of the auto parts company’s stock after selling 36,994 shares during the quarter. BlackRock Inc. owned about 11.85% of Lydall worth $105,601,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in LDL. PNC Financial Services Group Inc. grew its stake in shares of Lydall by 0.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,044 shares of the auto parts company’s stock worth $110,000 after purchasing an additional 16 shares during the last quarter. Texas Permanent School Fund grew its stake in shares of Lydall by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 12,579 shares of the auto parts company’s stock worth $650,000 after purchasing an additional 102 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Lydall by 3.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,801 shares of the auto parts company’s stock worth $257,000 after purchasing an additional 150 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Lydall by 2.3% in the 1st quarter. Arizona State Retirement System now owns 9,024 shares of the auto parts company’s stock worth $484,000 after purchasing an additional 200 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Lydall by 1.0% in the 1st quarter. Legal & General Group Plc now owns 28,316 shares of the auto parts company’s stock worth $1,516,000 after purchasing an additional 277 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

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Lydall, Inc. (NYSE:LDL) opened at 58.95 on Friday. The firm has a market cap of $1.02 billion, a PE ratio of 24.26 and a beta of 1.73. The stock has a 50 day moving average of $54.42 and a 200 day moving average of $51.45. Lydall, Inc. has a 52 week low of $44.14 and a 52 week 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, beating analysts’ consensus estimates of $0.70 by $0.10. Lydall had a net margin of 6.56% and a return on equity of 17.43%. The company had revenue of $174.88 million for the quarter, compared to the consensus estimate of $174.98 million. Lydall’s revenue was up 27.4% on a year-over-year basis. Analysts anticipate that Lydall, Inc. will post $2.91 EPS for the current year.

In other Lydall news, insider Joseph A. Abbruzzi sold 2,795 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $52.72, for a total transaction of $147,352.40. Following the transaction, the insider now directly owns 39,685 shares in the company, valued at approximately $2,092,193.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.02% of the company’s stock.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Lydall from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. ValuEngine cut shares of Lydall from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Roth Capital set a $63.00 price objective on shares of Lydall and gave the stock a “buy” rating in a research note on Monday, June 26th. BidaskClub cut shares of Lydall from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. Finally, Sidoti raised shares of Lydall from a “neutral” rating to a “buy” rating and set a $62.00 price objective on the stock in a research note on Wednesday, September 13th. One investment 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 stock currently has a consensus rating of “Hold” and a consensus target price of $62.50.

About Lydall

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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