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.
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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