Swiss National Bank boosted its holdings in shares of Lydall, Inc. (NYSE:LDL) by 3.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,700 shares of the auto parts company’s stock after purchasing an additional 1,000 shares during the quarter. Swiss National Bank owned about 0.19% of Lydall worth $661,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Olstein Capital Management L.P. purchased a new position in Lydall during the 2nd quarter valued at approximately $1,212,000. Westwood Holdings Group Inc. raised its position in Lydall by 20.5% during the 1st quarter. Westwood Holdings Group Inc. now owns 684,380 shares of the auto parts company’s stock valued at $16,056,000 after purchasing an additional 116,369 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Lydall during the 1st quarter valued at $656,000. Royce & Associates LP raised its position in Lydall by 153.2% during the 1st quarter. Royce & Associates LP now owns 304,728 shares of the auto parts company’s stock valued at $7,149,000 after purchasing an additional 184,400 shares in the last quarter. Finally, US Bancorp DE raised its position in shares of Lydall by 0.9% in the 1st quarter. US Bancorp DE now owns 51,505 shares of the auto parts company’s stock worth $1,209,000 after acquiring an additional 459 shares in the last quarter. Institutional investors and hedge funds own 88.09% of the company’s stock.

In related news, insider Joseph A. Abbruzzi sold 3,362 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $19.77, for a total value of $66,466.74. Following the completion of the sale, the insider now owns 47,020 shares of the company’s stock, valued at $929,585.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 4.85% of the company’s stock.

NYSE:LDL traded down $0.07 during mid-day trading on Friday, hitting $26.30. 210 shares of the company’s stock traded hands, compared to its average volume of 88,156. The company has a fifty day moving average of $20.72 and a 200 day moving average of $21.91. Lydall, Inc. has a twelve month low of $17.90 and a twelve month high of $44.03. The company has a market capitalization of $430.48 million, a P/E ratio of 14.03 and a beta of 1.93. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.73 and a current ratio of 2.40.

Lydall (NYSE:LDL) last posted its quarterly earnings results on Tuesday, July 30th. The auto parts company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.03. Lydall had a return on equity of 8.04% and a net margin of 1.23%. The business had revenue of $220.80 million for the quarter, compared to the consensus estimate of $226.97 million. During the same quarter in the previous year, the business earned $0.70 EPS. The company’s quarterly revenue was up 59.5% compared to the same quarter last year.

Lydall Company Profile

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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Institutional Ownership by Quarter for Lydall (NYSE:LDL)

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