Royce & Associates LP lessened its holdings in Lydall, Inc. (NYSE:LDL) by 14.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 356,210 shares of the auto parts company’s stock after selling 61,000 shares during the quarter. Royce & Associates LP owned 2.07% of Lydall worth $20,411,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in LDL. Westwood Holdings Group Inc. bought a new stake in shares of Lydall in the second quarter worth $9,303,000. Chartwell Investment Partners LLC bought a new stake in shares of Lydall in the second quarter worth $5,428,000. Kennedy Capital Management Inc. bought a new stake in shares of Lydall in the second quarter worth $5,156,000. Royal Bank of Canada lifted its position in shares of Lydall by 6.7% in the second quarter. Royal Bank of Canada now owns 989,335 shares of the auto parts company’s stock worth $51,149,000 after purchasing an additional 61,944 shares in the last quarter. Finally, HAP Trading LLC bought a new stake in shares of Lydall in the second quarter worth $2,971,000. 90.35% of the stock is currently owned by institutional investors and hedge funds.
Lydall, Inc. (LDL) traded down $0.70 during midday trading on Monday, reaching $51.85. 32,800 shares of the company’s stock traded hands, compared to its average volume of 76,825. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.67 and a quick ratio of 1.91. Lydall, Inc. has a 1 year low of $45.45 and a 1 year high of $64.85. The company has a market capitalization of $893.99, a price-to-earnings ratio of 19.42 and a beta of 1.63.
In other Lydall news, Director William D. Gurley sold 3,252 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $55.15, for a total transaction of $179,347.80. Following the sale, the director now directly owns 49,647 shares of the company’s stock, valued at $2,738,032.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph A. Abbruzzi sold 2,795 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $52.72, for a total transaction of $147,352.40. Following the sale, the insider now directly owns 39,685 shares in the company, valued at $2,092,193.20. The disclosure for this sale can be found here. Insiders have sold 38,496 shares of company stock worth $2,107,249 over the last ninety days. Insiders own 5.02% of the company’s stock.
A number of brokerages have recently commented on LDL. 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 report on Wednesday, September 13th. Zacks Investment Research raised shares of Lydall from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $62.50.
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.
Want to see what other hedge funds are holding LDL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lydall, Inc. (NYSE:LDL).
Receive News & Ratings for Lydall Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lydall Inc. and related companies with MarketBeat.com's FREE daily email newsletter.