Insider Selling: Suzanne Hammett Sells 18,716 Shares of Lydall Stock (LDL)
Lydall (NYSE:LDL) Director Suzanne Hammett sold 18,716 shares of the company’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $28.14, for a total transaction of $526,668.24. Following the completion of the sale, the director now directly owns 41,084 shares of the company’s stock, valued at approximately $1,156,104. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Lydall (NYSE:LDL) traded up 1.50% during mid-day trading on Monday, hitting $29.16. 17,086 shares of the company’s stock traded hands. Lydall has a 52 week low of $13.82 and a 52 week high of $29.66. The stock’s 50-day moving average is $25.68 and its 200-day moving average is $20.73. The company has a market cap of $496.2 million and a P/E ratio of 26.12.
Lydall (NYSE:LDL) last released its earnings data on Monday, May 5th. The company reported $0.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.19. Analysts expect that Lydall will post $1.39 EPS for the current fiscal year.
Separately, analysts at Sidoti initiated coverage on shares of Lydall in a research note on Monday, April 28th. They set a “buy” rating on the stock.
Lydall, Inc (NYSE:LDL) along with its subsidiaries, design and manufacture specialty engineered filtration media, industrial thermal insulating solutions, automotive thermal and acoustical barriers, medical filtration media and devices and biopharmaceutical processing components for thermal/acoustical, filtration/separation and bio/medical applications.
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