Lydall, Inc. (NYSE:LDL) insider Joseph A. Abbruzzi sold 3,663 shares of the stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $48.07, for a total value of $176,080.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
LDL opened at $47.55 on Wednesday. Lydall, Inc. has a fifty-two week low of $42.51 and a fifty-two week high of $60.00. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.68 and a quick ratio of 1.89. The stock has a market cap of $809.59, a PE ratio of 16.54 and a beta of 1.44.
Lydall (NYSE:LDL) last issued its quarterly earnings data on Wednesday, February 21st. The auto parts company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.06. The business had revenue of $178.03 million for the quarter, compared to analyst estimates of $165.50 million. Lydall had a return on equity of 14.99% and a net margin of 7.01%. The firm’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.52 EPS. research analysts forecast that Lydall, Inc. will post 3.05 EPS for the current fiscal year.
Several brokerages recently issued reports on LDL. Zacks Investment Research raised Lydall from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 4th. Roth Capital reduced their price objective on Lydall from $63.00 to $56.00 and set a “buy” rating for the company in a research note on Monday, February 26th. Finally, ValuEngine downgraded Lydall from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Two equities research 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 presently has a consensus rating of “Hold” and a consensus price target of $59.00.
Several hedge funds and other institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its holdings in shares of Lydall by 1.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,931 shares of the auto parts company’s stock valued at $669,000 after acquiring an additional 242 shares during the last quarter. Nationwide Fund Advisors increased its holdings in shares of Lydall by 5.1% during the 3rd quarter. Nationwide Fund Advisors now owns 27,189 shares of the auto parts company’s stock valued at $1,558,000 after acquiring an additional 1,309 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of Lydall by 2.4% during the 4th quarter. California Public Employees Retirement System now owns 61,975 shares of the auto parts company’s stock valued at $3,145,000 after acquiring an additional 1,475 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Lydall by 9.2% during the 3rd quarter. First Trust Advisors LP now owns 18,772 shares of the auto parts company’s stock valued at $1,076,000 after acquiring an additional 1,580 shares during the last quarter. Finally, Engine Capital Management LLC acquired a new position in shares of Lydall during the 4th quarter valued at about $102,000. 90.72% of the stock is currently owned by institutional investors and hedge funds.
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Lydall Company Profile
Lydall, Inc designs, manufactures, and markets specialty engineered filtration media, industrial thermal insulating solutions, and automotive thermal and acoustical barriers for filtration/separation and thermal/acoustical applications worldwide. It operates through Performance Materials, Technical Nonwovens, and Thermal Acoustical Solutions segments.
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