James V. Laughlan Sells 2,275 Shares of Lydall, Inc. (LDL) Stock

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.

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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.

About Lydall

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.

Insider Buying and Selling by Quarter for Lydall (NYSE:LDL)

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