KBC Group NV trimmed its position in Lydall, Inc. (NYSE:LDL) by 34.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,458 shares of the auto parts company’s stock after selling 3,357 shares during the period. KBC Group NV’s holdings in Lydall were worth $312,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Engine Capital Management LLC acquired a new stake in Lydall in the fourth quarter valued at approximately $102,000. Mutual Advisors LLC acquired a new stake in Lydall in the fourth quarter valued at approximately $300,000. Teacher Retirement System of Texas acquired a new stake in Lydall in the fourth quarter valued at approximately $302,000. MetLife Investment Advisors LLC acquired a new stake in Lydall in the fourth quarter valued at approximately $423,000. Finally, Bailard Inc. acquired a new stake in Lydall in the first quarter valued at approximately $474,000. Institutional investors own 91.72% of the company’s stock.
Shares of NYSE:LDL traded down $1.00 on Friday, hitting $41.45. 146,600 shares of the company were exchanged, compared to its average volume of 61,519. Lydall, Inc. has a 1-year low of $37.50 and a 1-year high of $60.00. The company has a current ratio of 2.68, a quick ratio of 2.02 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $737.54 million, a P/E ratio of 14.80 and a beta of 1.46.
Lydall (NYSE:LDL) last posted its quarterly earnings data on Wednesday, May 2nd. The auto parts company reported $0.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.08). Lydall had a return on equity of 13.75% and a net margin of 6.67%. The company had revenue of $191.70 million for the quarter, compared to analyst estimates of $171.78 million. During the same quarter in the previous year, the firm posted $0.74 earnings per share. The company’s quarterly revenue was up 15.8% on a year-over-year basis. equities analysts forecast that Lydall, Inc. will post 2.91 EPS for the current year.
In other news, insider Joseph A. Abbruzzi sold 2,050 shares of Lydall stock in a transaction on Monday, March 19th. The shares were sold at an average price of $49.00, for a total transaction of $100,450.00. Following the completion of the sale, the insider now directly owns 43,287 shares in the company, valued at $2,121,063. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.43% of the company’s stock.
Several equities research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Lydall from a “hold” rating to a “sell” rating in a research note on Tuesday, May 8th. Roth Capital lowered their target price on shares of Lydall from $63.00 to $56.00 and set a “buy” rating for the company in a research note on Monday, February 26th. Finally, ValuEngine downgraded shares of Lydall from a “hold” rating to a “sell” rating in a research note on Saturday, June 2nd. Three analysts have rated the stock with a sell rating and two have issued a buy rating to the company. Lydall has a consensus rating of “Hold” and a consensus target price of $59.00.
Lydall Company Profile
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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