Lydall, Inc. (NYSE:LDL) Director Kathleen Burdett sold 7,604 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $49.80, for a total transaction of $378,679.20. Following the completion of the transaction, the director now directly owns 27,412 shares of the company’s stock, valued at approximately $1,365,117.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Lydall, Inc. (LDL) traded down $0.85 during trading hours on Wednesday, hitting $48.35. 36,760 shares of the stock were exchanged, compared to its average volume of 96,442. The company has a current ratio of 2.68, a quick ratio of 1.89 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $856.45, a price-to-earnings ratio of 17.50 and a beta of 1.44. Lydall, Inc. has a twelve month low of $42.51 and a twelve month high of $60.00.
Lydall (NYSE:LDL) last posted its quarterly earnings data on Wednesday, February 21st. The auto parts company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $178.03 million during the quarter, compared to analyst estimates of $165.50 million. Lydall had a net margin of 7.01% and a return on equity of 14.99%. The company’s revenue was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.52 earnings per share. equities analysts expect that Lydall, Inc. will post 3.05 earnings per share for the current year.
A number of equities analysts have recently weighed in on LDL shares. Roth Capital cut their price objective on shares of Lydall from $63.00 to $56.00 and set a “buy” rating for the company in a research report on Monday, February 26th. ValuEngine lowered shares of Lydall from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research raised shares of Lydall from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 4th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $59.00.
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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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