Lydall, Inc. (NYSE:LDL) Director Kathleen Burdett sold 744 shares of Lydall stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $53.00, for a total transaction of $39,432.00. Following the sale, the director now directly owns 31,335 shares of the company’s stock, valued at approximately $1,660,755. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Lydall, Inc. (NYSE:LDL) traded down 0.65% during mid-day trading on Monday, reaching $53.80. 200,153 shares of the company’s stock were exchanged. Lydall, Inc. has a 52-week low of $31.95 and a 52-week high of $64.85. The stock has a market cap of $927.19 million, a price-to-earnings ratio of 24.91 and a beta of 1.41. The company has a 50-day moving average of $56.16 and a 200-day moving average of $55.15.
Lydall (NYSE:LDL) last posted its quarterly earnings data on Wednesday, February 22nd. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by $0.16. Lydall had a return on equity of 16.73% and a net margin of 6.87%. The company had revenue of $144.20 million for the quarter, compared to analysts’ expectations of $148.22 million. The business’s revenue was up 9.7% compared to the same quarter last year. Equities research analysts anticipate that Lydall, Inc. will post $2.79 earnings per share for the current year.
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Separately, Zacks Investment Research raised shares of Lydall from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Tuesday, February 28th.
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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