Ancora Advisors LLC bought a new position in shares of Lydall, Inc. (NYSE:LDL) during the third quarter, Holdings Channel reports. The institutional investor bought 5,000 shares of the auto parts company’s stock, valued at approximately $215,000.
A number of other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Lydall by 3.6% during the third quarter. BlackRock Inc. now owns 2,477,964 shares of the auto parts company’s stock worth $106,800,000 after acquiring an additional 85,378 shares during the period. Dimensional Fund Advisors LP grew its holdings in Lydall by 7.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,212,089 shares of the auto parts company’s stock worth $52,241,000 after acquiring an additional 79,473 shares during the period. Tributary Capital Management LLC grew its holdings in Lydall by 112.8% during the third quarter. Tributary Capital Management LLC now owns 328,019 shares of the auto parts company’s stock worth $14,138,000 after acquiring an additional 173,868 shares during the period. Royce & Associates LP grew its holdings in Lydall by 3.5% during the second quarter. Royce & Associates LP now owns 288,930 shares of the auto parts company’s stock worth $12,612,000 after acquiring an additional 9,800 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Lydall by 13.3% during the third quarter. Bank of New York Mellon Corp now owns 230,470 shares of the auto parts company’s stock worth $9,934,000 after acquiring an additional 26,995 shares during the period. 91.45% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently weighed in on LDL shares. Zacks Investment Research cut Lydall from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 13th. Roth Capital set a $53.00 price target on Lydall and gave the stock a “buy” rating in a research note on Monday, August 13th. TheStreet cut Lydall from a “b-” rating to a “c+” rating in a research note on Tuesday, October 23rd. Finally, ValuEngine cut Lydall from a “hold” rating to a “sell” rating in a research note on Friday, October 12th.
Lydall (NYSE:LDL) last issued its quarterly earnings results on Tuesday, November 6th. The auto parts company reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.13). The company had revenue of $197.90 million during the quarter, compared to analysts’ expectations of $197.85 million. Lydall had a return on equity of 12.07% and a net margin of 5.47%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.61 EPS. As a group, equities analysts forecast that Lydall, Inc. will post 2.27 EPS for the current year.
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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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