Lydall, Inc. (NYSE:LDL) CAO James V. Laughlan sold 2,275 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $54.58, for a total value of $124,169.50. Following the completion of the sale, the chief accounting officer now owns 13,127 shares of the company’s stock, valued at $716,471.66. The transaction was disclosed in a filing with the SEC, which is available through this link.
Shares of Lydall, Inc. (LDL) traded down $1.50 during mid-day trading on Friday, reaching $54.10. The company’s stock had a trading volume of 52,800 shares, compared to its average volume of 77,875. Lydall, Inc. has a 1-year low of $45.45 and a 1-year high of $64.85. The stock has a market cap of $932.79, a price-to-earnings ratio of 20.26 and a beta of 1.67. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.67 and a quick ratio of 1.91.
Lydall (NYSE:LDL) last released its quarterly earnings data on Tuesday, October 31st. The auto parts company reported $0.61 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.08). Lydall had a net margin of 6.00% and a return on equity of 15.22%. The company had revenue of $180.00 million for the quarter, compared to the consensus estimate of $172.21 million. Lydall’s revenue was up 15.6% on a year-over-year basis. equities analysts anticipate that Lydall, Inc. will post 2.76 earnings per share for the current fiscal year.
WARNING: This news story was first reported by Stock Observer and is the property of of Stock Observer. If you are reading this news story on another site, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The correct version of this news story can be viewed at https://www.thestockobserver.com/2017/11/24/james-v-laughlan-sells-2275-shares-of-lydall-inc-ldl-stock.html.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its holdings in shares of Lydall by 0.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,044 shares of the auto parts company’s stock valued at $110,000 after purchasing an additional 16 shares during the last quarter. Pinebridge Investments L.P. boosted its holdings in shares of Lydall by 1.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 2,270 shares of the auto parts company’s stock valued at $118,000 after purchasing an additional 22 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Lydall during the 3rd quarter valued at about $165,000. Creative Planning boosted its holdings 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 last quarter. Finally, State of Alaska Department of Revenue boosted its holdings 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 last quarter. 89.39% of the stock is owned by institutional investors and hedge funds.
LDL has been the subject of several analyst reports. Zacks Investment Research upgraded Lydall from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. BidaskClub lowered Lydall from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. Sidoti upgraded Lydall from a “neutral” rating to a “buy” rating and set a $62.00 price target for the company in a research note on Wednesday, September 13th. Finally, Roth Capital set a $63.00 price target on Lydall and gave the stock a “buy” rating in a research note on Monday, July 31st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. Lydall has a consensus rating of “Hold” and an average price target 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.
Receive News & Ratings for Lydall Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lydall Inc. and related companies with MarketBeat.com's FREE daily email newsletter.