A number of other equities analysts have also recently issued reports on LDL. ValuEngine raised Lydall from a hold rating to a buy rating in a report on Friday, June 2nd. BidaskClub cut Lydall from a hold rating to a sell rating in a report on Sunday, July 16th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. Lydall presently has an average rating of Hold and a consensus price target of $60.50.
Lydall (NYSE LDL) traded up 0.11% during trading on Monday, hitting $46.65. 48,214 shares of the stock traded hands. Lydall has a one year low of $44.14 and a one year high of $64.85. The company has a 50-day moving average price of $49.35 and a 200 day moving average price of $52.03. The stock has a market cap of $803.92 million, a PE ratio of 19.20 and a beta of 1.68.
Lydall (NYSE:LDL) last issued its earnings results on Tuesday, August 1st. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.10. Lydall had a return on equity of 17.43% and a net margin of 6.56%. The business had revenue of $174.88 million during the quarter, compared to analysts’ expectations of $174.98 million. The business’s revenue was up 27.4% on a year-over-year basis. Analysts expect that Lydall will post $2.91 earnings per share for the current year.
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In related news, SVP Chad A. Mcdaniel sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $54.06, for a total transaction of $189,210.00. Following the completion of the sale, the senior vice president now owns 36,236 shares of the company’s stock, valued at $1,958,918.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.02% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its stake in Lydall by 0.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,044 shares of the auto parts company’s stock valued at $110,000 after buying an additional 16 shares in the last quarter. Pinebridge Investments L.P. raised its position in shares of Lydall by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 2,270 shares of the auto parts company’s stock valued at $118,000 after buying an additional 22 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Lydall by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 1,900 shares of the auto parts company’s stock valued at $101,000 after buying an additional 40 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Lydall by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,000 shares of the auto parts company’s stock valued at $375,000 after buying an additional 100 shares during the last quarter. Finally, Texas Permanent School Fund raised its position in shares of Lydall by 0.8% in the second quarter. Texas Permanent School Fund now owns 12,579 shares of the auto parts company’s stock valued at $650,000 after buying an additional 102 shares during the last quarter. 88.35% of the stock is owned by institutional investors and hedge funds.
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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