Prudential Financial Inc. Reduces Stake in Lydall, Inc. (LDL)

Prudential Financial Inc. lessened its holdings in shares of Lydall, Inc. (NYSE:LDL) by 3.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 197,271 shares of the auto parts company’s stock after selling 8,080 shares during the period. Prudential Financial Inc. owned 1.14% of Lydall worth $10,199,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. boosted its holdings in shares of Lydall by 0.8% during the 1st 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 in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Lydall by 2.2% during the 1st 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 in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Lydall by 1.4% during the 1st quarter. Louisiana State Employees Retirement System now owns 7,000 shares of the auto parts company’s stock valued at $375,000 after buying an additional 100 shares in the last quarter. Texas Permanent School Fund boosted its holdings in shares of Lydall by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 12,579 shares of the auto parts company’s stock valued at $650,000 after buying an additional 102 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Lydall by 3.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 4,801 shares of the auto parts company’s stock valued at $257,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Lydall, Inc. (NYSE LDL) opened at 47.55 on Wednesday. Lydall, Inc. has a 52 week low of $44.14 and a 52 week high of $64.85. The company has a market cap of $819.43 million, a PE ratio of 19.57 and a beta of 1.71. The company has a 50-day moving average of $47.81 and a 200-day moving average of $50.53.

Lydall (NYSE:LDL) last released its quarterly earnings data 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. The business had revenue of $174.88 million during the quarter, compared to analysts’ expectations of $174.98 million. Lydall had a net margin of 6.56% and a return on equity of 17.43%. Lydall’s quarterly revenue was up 27.4% on a year-over-year basis. On average, equities analysts expect that Lydall, Inc. will post $2.91 EPS for the current year.

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A number of brokerages have recently commented on LDL. Roth Capital set a $63.00 target price on shares of Lydall and gave the company a “buy” rating in a report on Saturday, May 20th. Zacks Investment Research cut shares of Lydall from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. ValuEngine cut shares of Lydall from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, BidaskClub cut shares of Lydall from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th.

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.

Institutional Ownership by Quarter for Lydall (NYSE:LDL)

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