Joseph A. Abbruzzi Sells 3,362 Shares of Lydall, Inc. (NYSE:LDL) Stock

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Lydall, Inc. (NYSE:LDL) insider Joseph A. Abbruzzi sold 3,362 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $19.77, for a total transaction of $66,466.74. Following the transaction, the insider now owns 47,020 shares in the company, valued at $929,585.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

NYSE LDL opened at $19.07 on Thursday. Lydall, Inc. has a 12 month low of $17.90 and a 12 month high of $48.45. The company has a quick ratio of 1.70, a current ratio of 2.34 and a debt-to-equity ratio of 0.82. The company has a market cap of $334.31 million, a P/E ratio of 9.35 and a beta of 1.90. The company’s fifty day moving average is $19.63.

Lydall (NYSE:LDL) last posted its quarterly earnings data on Tuesday, April 30th. The auto parts company reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.15). Lydall had a net margin of 3.42% and a return on equity of 9.51%. The company had revenue of $218.03 million for the quarter, compared to the consensus estimate of $223.18 million. During the same quarter last year, the company earned $0.67 earnings per share. The company’s revenue was up 13.8% compared to the same quarter last year.

LDL has been the topic of a number of research analyst reports. Roth Capital set a $24.00 price objective on shares of Lydall and gave the company a “hold” rating in a research note on Thursday, May 2nd. ValuEngine downgraded shares of Lydall from a “hold” rating to a “sell” rating in a research note on Saturday, March 9th. Finally, Zacks Investment Research downgraded shares of Lydall from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Lydall presently has an average rating of “Hold” and an average target price of $36.00.

Large investors have recently modified their holdings of the business. Westwood Holdings Group Inc. grew its holdings in shares of Lydall by 20.5% during the 1st quarter. Westwood Holdings Group Inc. now owns 684,380 shares of the auto parts company’s stock worth $16,056,000 after purchasing an additional 116,369 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Lydall in the first quarter valued at about $656,000. Royce & Associates LP raised its position in Lydall by 153.2% in the first quarter. Royce & Associates LP now owns 304,728 shares of the auto parts company’s stock valued at $7,149,000 after purchasing an additional 184,400 shares during the last quarter. US Bancorp DE raised its position in shares of Lydall by 0.9% during the first quarter. US Bancorp DE now owns 51,505 shares of the auto parts company’s stock worth $1,209,000 after acquiring an additional 459 shares during the last quarter. Finally, Laurion Capital Management LP bought a new position in shares of Lydall during the first quarter worth about $279,000. 89.53% of the stock is currently owned by institutional investors.

About Lydall

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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