HAP Trading LLC Acquires Shares of 57,466 Lydall, Inc. (LDL)

HAP Trading LLC acquired a new position in shares of Lydall, Inc. (NYSE:LDL) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 57,466 shares of the auto parts company’s stock, valued at approximately $2,971,000. HAP Trading LLC owned about 0.33% of Lydall at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in LDL. Teachers Advisors LLC increased its position in Lydall by 8.9% during the fourth quarter. Teachers Advisors LLC now owns 30,733 shares of the auto parts company’s stock worth $1,901,000 after purchasing an additional 2,510 shares during the last quarter. Louisiana State Employees Retirement System increased its position in Lydall by 1.4% during the first quarter. Louisiana State Employees Retirement System now owns 7,000 shares of the auto parts company’s stock worth $375,000 after purchasing an additional 100 shares during the last quarter. State of Alaska Department of Revenue increased its position in Lydall by 2.2% during the first quarter. State of Alaska Department of Revenue now owns 1,900 shares of the auto parts company’s stock worth $101,000 after purchasing an additional 40 shares during the last quarter. Great West Life Assurance Co. Can increased its position in Lydall by 6.0% during the first quarter. Great West Life Assurance Co. Can now owns 24,049 shares of the auto parts company’s stock worth $1,286,000 after purchasing an additional 1,362 shares during the last quarter. Finally, LS Investment Advisors LLC increased its position in Lydall by 216.6% during the first quarter. LS Investment Advisors LLC now owns 2,061 shares of the auto parts company’s stock worth $110,000 after purchasing an additional 1,410 shares during the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

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Lydall, Inc. (NYSE:LDL) traded up 2.04% during midday trading on Tuesday, reaching $47.55. 19,028 shares of the company traded hands. The firm has a market capitalization of $819.43 million, a PE ratio of 19.57 and a beta of 1.71. Lydall, Inc. has a 12 month low of $44.14 and a 12 month high of $64.85. The company’s 50-day moving average price is $47.85 and its 200 day moving average price is $50.56.

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 the Zacks’ consensus estimate of $0.70 by $0.10. The company had revenue of $174.88 million for the quarter, compared to analyst estimates of $174.98 million. Lydall had a net margin of 6.56% and a return on equity of 17.43%. The firm’s revenue for the quarter was up 27.4% on a year-over-year basis. On average, equities analysts anticipate that Lydall, Inc. will post $2.91 earnings per share for the current year.

Several equities research analysts recently issued reports on the stock. ValuEngine upgraded shares of Lydall from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Roth Capital set a $63.00 price objective on shares of Lydall and gave the stock a “buy” rating in a research report on Monday, June 26th. BidaskClub cut shares of Lydall from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. Finally, Zacks Investment Research cut shares of Lydall from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th.

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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