Lydall, Inc. (NYSE:LDL) announced its quarterly earnings data on Tuesday, August 1st. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.10, Briefing.com reports. Lydall had a net margin of 6.56% and a return on equity of 17.43%. The company had revenue of $174.88 million during the quarter, compared to analysts’ expectations of $174.98 million. The company’s quarterly revenue was up 27.4% on a year-over-year basis.

Lydall (NYSE:LDL) traded up 0.11% during mid-day trading on Friday, hitting $46.65. 48,214 shares of the stock traded hands. The firm’s 50-day moving average is $49.35 and its 200-day moving average is $52.03. The company has a market cap of $803.92 million, a price-to-earnings ratio of 19.20 and a beta of 1.68. Lydall has a 12-month low of $44.14 and a 12-month high of $64.85.

In related news, SVP Chad A. Mcdaniel sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $54.06, for a total value of $189,210.00. Following the completion of the transaction, the senior vice president now owns 36,236 shares of the company’s stock, valued at $1,958,918.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.02% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its position in Lydall by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 1,900 shares of the auto parts company’s stock valued at $101,000 after buying an additional 40 shares in the last quarter. LS Investment Advisors LLC raised its position in Lydall by 216.6% in the first quarter. LS Investment Advisors LLC now owns 2,061 shares of the auto parts company’s stock valued at $110,000 after buying an additional 1,410 shares in the last quarter. PNC Financial Services Group Inc. raised its position in 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. raised its position in Lydall by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 2,270 shares of the auto parts company’s stock valued at $118,000 after buying an additional 22 shares in the last quarter. Finally, Creative Planning raised its position in Lydall by 6.9% in the first quarter. Creative Planning now owns 2,335 shares of the auto parts company’s stock valued at $125,000 after buying an additional 150 shares in the last quarter. 88.35% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently issued reports on LDL shares. Roth Capital set a $63.00 price objective on shares of Lydall and gave the company a “buy” rating in a research note on Monday, June 26th. ValuEngine raised shares of Lydall from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub cut shares of Lydall from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Finally, Zacks Investment Research cut shares of Lydall from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $60.50.

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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.

Earnings History for Lydall (NYSE:LDL)

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