Tributary Capital Management LLC lifted its position in Lydall, Inc. (NYSE:LDL) by 112.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 328,019 shares of the auto parts company’s stock after buying an additional 173,868 shares during the quarter. Tributary Capital Management LLC owned about 1.89% of Lydall worth $14,138,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the stock. Piedmont Investment Advisors LLC acquired a new stake in Lydall during the 2nd quarter valued at $176,000. Xact Kapitalforvaltning AB acquired a new stake in Lydall during the 1st quarter valued at $201,000. Bank of Montreal Can acquired a new stake in Lydall during the 2nd quarter valued at $192,000. Nisa Investment Advisors LLC acquired a new stake in Lydall during the 2nd quarter valued at $218,000. Finally, WINTON GROUP Ltd acquired a new stake in Lydall during the 1st quarter valued at $307,000. 92.28% of the stock is owned by institutional investors and hedge funds.
LDL stock traded down $2.59 during midday trading on Friday, reaching $24.80. The company had a trading volume of 255,179 shares, compared to its average volume of 140,352. The company has a market cap of $498.03 million, a PE ratio of 8.86 and a beta of 1.76. Lydall, Inc. has a 1-year low of $24.51 and a 1-year high of $56.60. The company has a quick ratio of 2.08, a current ratio of 2.60 and a debt-to-equity ratio of 0.87.
Lydall (NYSE:LDL) last posted its quarterly earnings results on Tuesday, November 6th. The auto parts company reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.13). Lydall had a net margin of 5.47% and a return on equity of 12.07%. The company had revenue of $197.90 million during the quarter, compared to analyst estimates of $197.85 million. During the same period last year, the firm earned $0.61 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, analysts anticipate that Lydall, Inc. will post 2.64 EPS for the current fiscal year.
A number of research firms have recently weighed in on LDL. Roth Capital downgraded Lydall from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $53.00 to $29.00 in a report on Wednesday. TheStreet downgraded Lydall from a “b-” rating to a “c+” rating in a report on Tuesday, October 23rd. Zacks Investment Research raised Lydall from a “sell” rating to a “hold” rating in a report on Tuesday, October 16th. Finally, ValuEngine downgraded Lydall from a “hold” rating to a “sell” rating in a report on Friday, October 12th.
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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