California State Teachers Retirement System lowered its position in shares of Lydall, Inc. (NYSE:LDL) by 9.6% in the 3rd quarter, Holdings Channel reports. The fund owned 26,732 shares of the auto parts company’s stock after selling 2,824 shares during the period. California State Teachers Retirement System’s holdings in Lydall were worth $1,532,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in LDL. Schwab Charles Investment Management Inc. grew its position in shares of Lydall by 3.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 92,398 shares of the auto parts company’s stock worth $4,777,000 after acquiring an additional 2,977 shares during the last quarter. Legal & General Group Plc grew its position in shares of Lydall by 9.1% during the second quarter. Legal & General Group Plc now owns 30,898 shares of the auto parts company’s stock worth $1,598,000 after acquiring an additional 2,582 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Lydall by 3.2% during the second quarter. Principal Financial Group Inc. now owns 140,245 shares of the auto parts company’s stock worth $7,251,000 after acquiring an additional 4,357 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Lydall by 6.1% during the second quarter. Alliancebernstein L.P. now owns 20,900 shares of the auto parts company’s stock worth $1,081,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Teachers Advisors LLC grew its position in shares of Lydall by 3.8% during the second quarter. Teachers Advisors LLC now owns 29,853 shares of the auto parts company’s stock worth $1,543,000 after acquiring an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 90.22% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of Lydall from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $62.50.
In related news, CAO James V. Laughlan sold 2,275 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $54.58, for a total value of $124,169.50. Following the completion of the sale, the chief accounting officer now owns 13,127 shares of the company’s stock, valued at $716,471.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dale G. Barnhart sold 12,685 shares of the company’s stock in a transaction dated 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. Insiders sold 35,701 shares of company stock valued at $1,959,897 in the last ninety days. Corporate insiders own 5.02% of the company’s stock.
Lydall, Inc. (NYSE:LDL) opened at $50.25 on Monday. The company has a market cap of $866.41, a PE ratio of 21.66 and a beta of 1.64. The company has a current ratio of 2.67, a quick ratio of 1.91 and a debt-to-equity ratio of 0.28. Lydall, Inc. has a 12-month low of $45.45 and a 12-month high of $63.20.
Lydall (NYSE:LDL) last posted its quarterly earnings data on Tuesday, October 31st. The auto parts company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.08). The company had revenue of $180.00 million during the quarter, compared to analyst estimates of $172.21 million. Lydall had a return on equity of 15.22% and a net margin of 6.00%. The firm’s quarterly revenue was up 15.6% compared to the same quarter last year. research analysts expect that Lydall, Inc. will post 2.76 EPS for the current fiscal year.
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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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