Lydall, Inc. (LDL) Insider Sells $147,352.40 in Stock
Lydall, Inc. (NYSE:LDL) insider Joseph A. Abbruzzi sold 2,795 shares of Lydall stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $52.72, for a total transaction of $147,352.40. Following the completion of the transaction, the insider now owns 39,685 shares of the company’s stock, valued at approximately $2,092,193.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Lydall, Inc. (LDL) opened at 54.40 on Thursday. The stock’s 50 day moving average is $48.24 and its 200-day moving average is $50.56. The firm has a market cap of $937.48 million, a P/E ratio of 22.39 and a beta of 1.71. Lydall, Inc. has a 1-year low of $44.14 and a 1-year high of $64.85.
Lydall (NYSE:LDL) last issued its quarterly earnings data on Tuesday, August 1st. The auto parts company reported $0.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.10. Lydall had a return on equity of 17.43% and a net margin of 6.56%. The business had revenue of $174.88 million for the quarter, compared to the consensus estimate of $174.98 million. The firm’s revenue was up 27.4% compared to the same quarter last year. Analysts forecast that Lydall, Inc. will post $2.91 EPS for the current year.
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A number of hedge funds and other institutional investors have recently modified their holdings of LDL. BlackRock Inc. increased its position in Lydall by 168,285.2% in the 1st quarter. BlackRock Inc. now owns 2,079,557 shares of the auto parts company’s stock worth $111,465,000 after buying an additional 2,078,322 shares during the period. Westwood Holdings Group Inc. acquired a new stake in shares of Lydall during the 2nd quarter worth approximately $9,303,000. Champlain Investment Partners LLC grew its holdings in shares of Lydall by 15.6% during the 1st quarter. Champlain Investment Partners LLC now owns 1,073,070 shares of the auto parts company’s stock worth $57,517,000 after purchasing an additional 144,425 shares in the last quarter. Royce & Associates LP grew its holdings in shares of Lydall by 44.0% during the 1st quarter. Royce & Associates LP now owns 364,726 shares of the auto parts company’s stock worth $19,549,000 after purchasing an additional 111,513 shares in the last quarter. Finally, Chartwell Investment Partners LLC acquired a new stake in shares of Lydall during the 2nd quarter worth approximately $5,428,000. 89.07% of the stock is currently owned by institutional investors.
Several analysts have recently weighed in on LDL shares. ValuEngine upgraded shares of Lydall from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Roth Capital set a $63.00 target price on shares of Lydall and gave the company a “buy” rating in a report on Monday, June 26th. BidaskClub cut shares of Lydall from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Zacks Investment Research cut shares of Lydall from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Finally, Sidoti upgraded shares of Lydall from a “neutral” rating to a “buy” rating and set a $62.00 target price on the stock in a research report on Wednesday, September 13th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $61.00.
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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