Lydall (NYSE:LDL) Stock Price Up 8.1%

Lydall, Inc. (NYSE:LDL)’s stock price rose 8.1% during mid-day trading on Friday . The stock traded as high as $19.99 and last traded at $19.83, approximately 148,206 shares were traded during mid-day trading. An increase of 21% from the average daily volume of 122,971 shares. The stock had previously closed at $18.34.

LDL has been the topic of several recent research reports. Roth Capital set a $24.00 price target on Lydall and gave the stock a “hold” rating in a research report on Thursday, May 2nd. ValuEngine lowered Whiting USA Trust II from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. Finally, Zacks Investment Research lowered GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $36.00.

The business has a fifty day moving average price of $19.37. The company has a quick ratio of 1.70, a current ratio of 2.34 and a debt-to-equity ratio of 0.82. The firm has a market cap of $324.14 million, a PE ratio of 8.16 and a beta of 1.91.

Lydall (NYSE:LDL) last posted its earnings results on Tuesday, April 30th. The auto parts company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.15). The business had revenue of $218.03 million for the quarter, compared to the consensus estimate of $223.18 million. Lydall had a return on equity of 9.51% and a net margin of 3.42%. The business’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.67 earnings per share.

In other news, insider Joseph A. Abbruzzi sold 3,362 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $19.77, for a total value of $66,466.74. Following the sale, the insider now directly owns 47,020 shares in the company, valued at $929,585.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.85% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Segall Bryant & Hamill LLC increased its position in shares of Lydall by 11.2% in the fourth quarter. Segall Bryant & Hamill LLC now owns 20,326 shares of the auto parts company’s stock valued at $413,000 after acquiring an additional 2,043 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Lydall by 0.7% in the fourth quarter. Principal Financial Group Inc. now owns 141,320 shares of the auto parts company’s stock valued at $2,870,000 after acquiring an additional 988 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Lydall by 19.9% in the fourth quarter. California Public Employees Retirement System now owns 71,645 shares of the auto parts company’s stock valued at $1,455,000 after acquiring an additional 11,897 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Lydall by 7.6% in the fourth quarter. Prudential Financial Inc. now owns 88,951 shares of the auto parts company’s stock valued at $1,807,000 after acquiring an additional 6,290 shares during the last quarter. Finally, Rhumbline Advisers increased its position in shares of Lydall by 20.0% in the fourth quarter. Rhumbline Advisers now owns 49,471 shares of the auto parts company’s stock valued at $1,005,000 after acquiring an additional 8,261 shares during the last quarter. Institutional investors own 89.53% of the company’s stock.

About Lydall (NYSE:LDL)

Lydall, Inc designs, manufactures, and markets specialty engineered filtration media, industrial thermal insulating solutions, and automotive thermal and acoustical barriers for filtration/separation and thermal/acoustical applications worldwide. It operates through Performance Materials, Technical Nonwovens, and Thermal Acoustical Solutions segments.

Further Reading: Momentum Indicators

Receive News & Ratings for Lydall Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lydall and related companies with MarketBeat.com's FREE daily email newsletter.