Lydall, Inc. (NYSE:LDL) CEO Dale G. Barnhart sold 12,685 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $53.90, for a total transaction of $683,721.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of Lydall, Inc. (NYSE:LDL) opened at $52.60 on Wednesday. The stock has a market capitalization of $917.27, a PE ratio of 19.92 and a beta of 1.63. The company has a current ratio of 2.67, a quick ratio of 1.91 and a debt-to-equity ratio of 0.28. Lydall, Inc. has a 52-week low of $45.45 and a 52-week high of $64.85.
Lydall (NYSE:LDL) last released its earnings results on Tuesday, October 31st. The auto parts company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.08). The firm had revenue of $180.00 million during the quarter, compared to analyst estimates of $172.21 million. Lydall had a net margin of 6.00% and a return on equity of 15.22%. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. analysts predict that Lydall, Inc. will post 2.76 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. grew its stake in shares of Lydall by 0.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,044 shares of the auto parts company’s stock valued at $110,000 after buying an additional 16 shares in the last quarter. Pinebridge Investments L.P. increased its position in Lydall by 1.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 2,270 shares of the auto parts company’s stock valued at $118,000 after acquiring an additional 22 shares during the period. SG Americas Securities LLC acquired a new stake in Lydall in the 3rd quarter valued at approximately $165,000. Creative Planning increased its position in shares of Lydall by 42.8% during the 2nd quarter. Creative Planning now owns 3,335 shares of the auto parts company’s stock valued at $172,000 after purchasing an additional 1,000 shares during the period. Finally, State of Alaska Department of Revenue increased its position in shares of Lydall by 77.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,381 shares of the auto parts company’s stock valued at $174,000 after purchasing an additional 1,481 shares during the period. Institutional investors own 90.35% of the company’s stock.
LDL has been the topic of several recent analyst reports. Sidoti upgraded shares of Lydall from a “neutral” rating to a “buy” rating and set a $62.00 price objective on the stock in a report on Wednesday, September 13th. Zacks Investment Research upgraded Lydall from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $62.50.
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.
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