Lydall, Inc. (NYSE:LDL) issued its quarterly earnings results on Tuesday, August 1st. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.10, Briefing.com reports. The business had revenue of $174.88 million during the quarter, compared to analysts’ expectations of $174.98 million. Lydall had a return on equity of 17.43% and a net margin of 6.56%. The firm’s revenue for the quarter was up 27.4% on a year-over-year basis.
Lydall (NYSE:LDL) traded down 0.85% during midday trading on Friday, reaching $46.60. The company’s stock had a trading volume of 58,320 shares. Lydall has a 12 month low of $44.14 and a 12 month high of $64.85. The company has a market cap of $803.06 million, a PE ratio of 19.18 and a beta of 1.68. The stock has a 50-day moving average price of $49.90 and a 200 day moving average price of $52.55.
Several research firms have weighed in on LDL. ValuEngine upgraded Lydall from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Roth Capital set a $63.00 target price on Lydall and gave the stock a “buy” rating in a research note on Monday, June 26th. BidaskClub cut Lydall from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. Finally, Zacks Investment Research cut Lydall from a “hold” rating to a “sell” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $60.50.
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In other news, SVP Chad A. Mcdaniel sold 3,500 shares of Lydall stock in a transaction on Friday, June 9th. The shares were 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 directly owns 36,236 shares of the company’s stock, valued at approximately $1,958,918.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO James V. Laughlan sold 4,700 shares of Lydall stock in a transaction on Monday, May 15th. The stock was sold at an average price of $52.69, for a total transaction of $247,643.00. Following the sale, the chief accounting officer now directly owns 19,743 shares of the company’s stock, valued at $1,040,258.67. The disclosure for this sale can be found here. Insiders own 5.02% of the company’s stock.
Several hedge funds have recently bought and sold shares of LDL. State of Alaska Department of Revenue increased its stake in 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 worth $101,000 after buying an additional 40 shares in the last quarter. PNC Financial Services Group Inc. increased 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 worth $110,000 after buying an additional 16 shares in the last quarter. LS Investment Advisors LLC increased its stake in Lydall by 216.6% in the first quarter. LS Investment Advisors LLC now owns 2,061 shares of the auto parts company’s stock worth $110,000 after buying an additional 1,410 shares in the last quarter. Pinebridge Investments L.P. increased its stake in Lydall by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 2,270 shares of the auto parts company’s stock worth $118,000 after buying an additional 22 shares in the last quarter. Finally, Creative Planning increased its stake in Lydall by 6.9% in the first quarter. Creative Planning now owns 2,335 shares of the auto parts company’s stock worth $125,000 after buying an additional 150 shares in the last quarter. 87.71% of the stock is owned by institutional investors.
Lydall Company Profile
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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