Kennedy Capital Management acquired a new position in stocks of Lydall, (NYSE:LDL) through out the 2nd period, according to The corporation in its latest 13F document with the Security and Exchange Commission. The hedge fund bought 99,736 stocks of the auto parts firms shares valued at roughly $5,156,000. Kennedy Capital Management held 0.58% of Lydall as of its latest document with the Security and Exchange Commission.
In associated news, executive Joseph A. Abbruzzi unloaded 2,795 stocks of the company’s shares in a trade on early Fri, Sep 15th. Shares were disposed in a price range of $52.72, amounting to $147,352.40. after the sale, the executive now has 39,685 stocks in the company, assessed at roughly $2,092,193.20. The information was declared in a transaction filed with the SEC which is available through this link. 5.02% of the shares is presently held by executives.
Many other big clients lately purchased or disposed their positions in the share. Principal Financial Group boosted its holdings in Lydall by 3.2% through out the 2nd period. Principal Financial Group has an ownership of 140,245 stocks of the auto parts firms shares valued at $7,251,000 after scooping up an extra 4,357 shares through out the quarter. Royce & Associates grew its stake in Lydall by 14.4% in the 2nd period. Royce & Associates has an ownership of 417,210 stocks of the auto parts firms shares valued at $21,570,000 following acquiring an extra 52,484 shares through out the previous quarter, Geneva Advisors grew its stake in Lydall by 4.0% in the 2nd period. Geneva Advisors has an ownership of 16,140 stocks of the auto parts firms shares valued at $834,000 following acquiring an extra 617 shares through out the previous quarter, Victory Capital Management grew its stake in Lydall by 13.4% in the 2nd period. Victory Capital Management has an ownership of 3,559 stocks of the auto parts firms shares valued at $184,000 following acquiring an extra 421 shares through out the previous quarter, Lastly, Marshall Wace North America purchased a fresh position in Lydall in the 2nd period worth at $596,000. large institution funds own 89.07% of the firms stock.
Many analysts have weighed in on LDL. BidaskClub lowered Lydall from a “sell” recommendation to a “strong sell” recommendation in a analysis note on Fri morning, Aug 4th. ValuEngine lowered Lydall from a “buy” recommendation to a “hold” recommendation in a analysis note on Tue, Jul 11th. Zacks Lowered Lydall from a “hold” recommendation to a “sell” recommendation in a analysis note on Tue, Aug 8th. Roth Capital fixed a $63.00 target price on Lydall and issued the company a “buy” recommendation in a analysis note on Mon, Jun 26th. Lastly, Sidoti lifted Lydall from a “neutral” recommendation to a “buy” recommendation and fixed a $62.00 PT on the shares in a study note published on Wed, Sep 13th. Two financial stock experts recommended the company shares with a sell recommendation, 1 has released a hold recommendation and two has issued a buy recommendation to the share. The stock has a consensus recommendation of “Hold” and a consensus price objective of $61.00.
Lydall, (NYSE LDL) started trading at 57.30 on early Fri. The stock’s 50 day SMA price is $48.24 and its 200 SMA price is $50.56. Lydall, has a 1 year low of $44.14 and a 1 year high of $64.85. Valuation of the business is $987.45 M, a price to earnings ratio of 23.58 along with a stock beta of 1.71.
Lydall (NYSE:LDL) previously released its fiscal periodic earnings information on early Tue, Aug 1st. The auto parts business posted $0.80 EPS (EPS) for the period, exceeding Thomson Reuters’ average forecast of $0.70 by $0.10. the company reported sales of $174.88 M for the period compared to the average forecast of $174.98 M. Lydall had a ROE of 17.43% and a net profit margin of 6.56%. The company’s end of quarter revenue went up 27.4% compared with the same period in the prior year. on consensus, Stock analysts expect that Lydall, to post $2.91 EPS for the present financial year.