Lydall, Inc. (NYSE:LDL) Director William D. Gurley sold 3,252 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $55.15, for a total transaction of $179,347.80. Following the completion of the sale, the director now owns 49,647 shares in the company, valued at approximately $2,738,032.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Lydall, Inc. (NYSE LDL) opened at $53.20 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.91 and a current ratio of 2.67. Lydall, Inc. has a 1 year low of $45.45 and a 1 year high of $64.85. The firm has a market cap of $923.30, a price-to-earnings ratio of 20.06 and a beta of 1.63.
Lydall (NYSE:LDL) last posted its quarterly earnings data on Tuesday, October 31st. The auto parts company reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.08). Lydall had a net margin of 6.00% and a return on equity of 15.22%. The firm had revenue of $180.00 million for the quarter, compared to the consensus estimate of $172.21 million. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. equities research analysts expect that Lydall, Inc. will post 2.76 EPS for the current fiscal year.
LDL has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Lydall from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 7th. 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 report on Wednesday, September 13th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $62.50.
A number of hedge funds have recently bought and sold shares of the business. Royal Bank of Canada increased its position in Lydall by 6.7% during the second quarter. Royal Bank of Canada now owns 989,335 shares of the auto parts company’s stock valued at $51,149,000 after acquiring an additional 61,944 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Lydall by 2.5% in the first quarter. Vanguard Group Inc. now owns 924,988 shares of the auto parts company’s stock worth $49,579,000 after purchasing an additional 22,163 shares during the last quarter. Royce & Associates LP grew its holdings 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 purchasing an additional 52,484 shares during the last quarter. Investment Counselors of Maryland LLC grew its holdings in shares of Lydall by 8.1% in the third quarter. Investment Counselors of Maryland LLC now owns 402,241 shares of the auto parts company’s stock worth $23,048,000 after purchasing an additional 30,260 shares during the last quarter. Finally, Rothschild Asset Management Inc. grew its holdings in shares of Lydall by 2.2% in the second quarter. Rothschild Asset Management Inc. now owns 373,767 shares of the auto parts company’s stock worth $19,324,000 after purchasing an additional 7,989 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.
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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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