Lydall, Inc. (NYSE:LDL) Director Kathleen Burdett sold 7,604 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $49.80, for a total transaction of $378,679.20. Following the sale, the director now owns 27,412 shares of the company’s stock, valued at $1,365,117.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Lydall, Inc. (NYSE:LDL) traded down $0.85 on Wednesday, reaching $48.35. 36,760 shares of the company’s stock traded hands, compared to its average volume of 96,442. The company has a current ratio of 2.68, a quick ratio of 1.89 and a debt-to-equity ratio of 0.22. Lydall, Inc. has a 12 month low of $42.51 and a 12 month high of $60.00. The stock has a market capitalization of $856.45, a P/E ratio of 17.50 and a beta of 1.44.
Lydall (NYSE:LDL) last released its quarterly earnings data on Wednesday, February 21st. The auto parts company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.06. Lydall had a net margin of 7.01% and a return on equity of 14.99%. The company had revenue of $178.03 million during the quarter, compared to the consensus estimate of $165.50 million. During the same period in the previous year, the firm earned $0.52 earnings per share. Lydall’s revenue for the quarter was up 23.5% on a year-over-year basis. equities research analysts anticipate that Lydall, Inc. will post 3.05 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. State of Wisconsin Investment Board acquired a new position in shares of Lydall during the third quarter worth $1,356,000. Crossmark Global Holdings Inc. acquired a new position in shares of Lydall during the third quarter worth $366,000. BNP Paribas Arbitrage SA lifted its position in shares of Lydall by 58.8% during the third quarter. BNP Paribas Arbitrage SA now owns 8,709 shares of the auto parts company’s stock worth $499,000 after purchasing an additional 3,226 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Lydall by 6.7% during the third quarter. Stifel Financial Corp now owns 275,783 shares of the auto parts company’s stock worth $15,781,000 after purchasing an additional 17,254 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Lydall by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 221,167 shares of the auto parts company’s stock worth $12,673,000 after purchasing an additional 2,380 shares in the last quarter. 90.71% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have issued reports on LDL. Zacks Investment Research downgraded shares of Lydall from a “hold” rating to a “sell” rating in a research note on Wednesday, February 28th. Roth Capital decreased their price objective on shares of Lydall from $63.00 to $56.00 and set a “buy” rating for the company in a research note on Monday, February 26th. Finally, ValuEngine downgraded shares of Lydall from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $59.00.
Lydall Company Profile
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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