Lydall, Inc. (LDL) CEO Sells $683,721.50 in Stock

Lydall, Inc. (NYSE:LDL) CEO Dale G. Barnhart sold 12,685 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $53.90, for a total transaction of $683,721.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Lydall, Inc. (NYSE:LDL) opened at $54.10 on Thursday. The company has a current ratio of 2.67, a quick ratio of 1.91 and a debt-to-equity ratio of 0.28. The stock has a market cap of $958.65, a P/E ratio of 20.82 and a beta of 1.67. Lydall, Inc. has a 52-week low of $45.45 and a 52-week high of $64.85.

Lydall (NYSE:LDL) last posted its quarterly earnings results on Tuesday, October 31st. The auto parts company reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.08). The firm had revenue of $180.00 million for the quarter, compared to analyst estimates of $172.21 million. Lydall had a return on equity of 15.22% and a net margin of 6.00%. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. analysts forecast that Lydall, Inc. will post 2.76 earnings per share for the current fiscal year.

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A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Lydall from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Roth Capital set a $63.00 target price on shares of Lydall and gave the stock a “buy” rating in a research report on Monday, July 31st. BidaskClub lowered shares of Lydall from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. Finally, Sidoti upgraded shares of Lydall from a “neutral” rating to a “buy” rating and set a $62.00 target price on the stock in a research report on Wednesday, September 13th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. Lydall presently has a consensus rating of “Hold” and a consensus price target of $62.50.

Several hedge funds and other institutional investors have recently bought and sold shares of LDL. BlackRock Inc. boosted its position in shares of Lydall by 168,285.2% during the 1st quarter. BlackRock Inc. now owns 2,079,557 shares of the auto parts company’s stock worth $111,465,000 after acquiring an additional 2,078,322 shares in the last quarter. Westwood Holdings Group Inc. acquired a new stake in shares of Lydall during the 2nd quarter worth approximately $9,303,000. Chartwell Investment Partners LLC acquired a new stake in shares of Lydall during the 2nd quarter worth approximately $5,428,000. Kennedy Capital Management Inc. acquired a new stake in shares of Lydall during the 2nd quarter worth approximately $5,156,000. Finally, Royal Bank of Canada boosted its position in shares of Lydall by 6.7% during the 2nd quarter. Royal Bank of Canada now owns 989,335 shares of the auto parts company’s stock worth $51,149,000 after acquiring an additional 61,944 shares in the last quarter. Institutional investors and hedge funds own 89.39% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Lydall (NYSE:LDL)

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