Insider Selling: Lydall, Inc. (LDL) SVP Sells 10,912 Shares of Stock
Lydall, Inc. (NYSE:LDL) SVP Chad A. Mcdaniel sold 10,912 shares of Lydall stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $55.68, for a total transaction of $607,580.16. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Lydall, Inc. (LDL) traded down $1.50 on Friday, hitting $54.10. 52,800 shares of the stock were exchanged, compared to its average volume of 77,875. The stock has a market capitalization of $932.79, a price-to-earnings ratio of 20.26 and a beta of 1.67. Lydall, Inc. has a 12 month low of $45.45 and a 12 month high of $64.85. 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 posted its quarterly earnings data on Tuesday, October 31st. The auto parts company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.08). The firm had revenue of $180.00 million for the quarter, compared to analysts’ expectations of $172.21 million. Lydall had a net margin of 6.00% and a return on equity of 15.22%. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. analysts forecast that Lydall, Inc. will post 2.76 earnings per share for the current year.
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A number of analysts have 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, July 31st. BidaskClub lowered shares of Lydall from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. Zacks Investment Research lowered shares of Lydall from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Finally, Sidoti upgraded shares of Lydall from a “neutral” rating to a “buy” rating and set a $62.00 price objective on the stock in a research note on Wednesday, September 13th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $62.50.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Royce & Associates LP increased its stake in shares of Lydall by 14.4% in the second quarter. Royce & Associates LP now owns 417,210 shares of the auto parts company’s stock worth $21,570,000 after buying an additional 52,484 shares during the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Lydall in the second quarter worth $596,000. BlackRock Inc. increased its stake in shares of Lydall by 168,285.2% in the first 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 last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Lydall by 3.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 92,398 shares of the auto parts company’s stock worth $4,777,000 after buying an additional 2,977 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in shares of Lydall by 29.5% in the second quarter. Parametric Portfolio Associates LLC now owns 32,520 shares of the auto parts company’s stock worth $1,681,000 after buying an additional 7,414 shares during the last quarter. Institutional investors own 89.39% of the company’s stock.
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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