Lydall, Inc. (LDL) CAO Sells $247,643.00 in Stock

Lydall, Inc. (NYSE:LDL) CAO James V. Laughlan sold 4,700 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $52.69, for a total value of $247,643.00. Following the completion of the sale, the chief accounting officer now owns 19,743 shares of the company’s stock, valued at approximately $1,040,258.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Lydall, Inc. (NYSE:LDL) traded down 1.90% during trading on Friday, reaching $49.05. 78,579 shares of the company were exchanged. The firm has a 50-day moving average price of $51.63 and a 200-day moving average price of $55.99. The stock has a market capitalization of $845.03 million, a P/E ratio of 21.33 and a beta of 1.41. Lydall, Inc. has a 1-year low of $36.59 and a 1-year high of $64.85.

Lydall (NYSE:LDL) last issued its quarterly earnings results on Thursday, May 4th. The auto parts company reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.17. Lydall had a net margin of 6.87% and a return on equity of 16.73%. The company had revenue of $165.49 million during the quarter, compared to analysts’ expectations of $155.50 million. Equities research analysts predict that Lydall, Inc. will post $2.92 earnings per share for the current fiscal year.

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

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Institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its position in shares of Lydall by 0.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,044 shares of the auto parts company’s stock valued at $110,000 after buying an additional 16 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Lydall by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 1,900 shares of the auto parts company’s stock valued at $101,000 after buying an additional 40 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Lydall by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,000 shares of the auto parts company’s stock valued at $375,000 after buying an additional 100 shares in the last quarter. Creative Planning boosted its position in shares of Lydall by 6.9% in the first quarter. Creative Planning now owns 2,335 shares of the auto parts company’s stock valued at $125,000 after buying an additional 150 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Lydall by 3.2% in the first quarter. Envestnet Asset Management Inc. now owns 4,801 shares of the auto parts company’s stock valued at $257,000 after buying an additional 150 shares in the last quarter. 90.66% of the stock is owned by institutional investors.

Separately, Zacks Investment Research lowered Lydall from a “buy” rating to a “hold” rating in a report on Wednesday, March 1st.

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.

5 Day Chart for NYSE:LDL

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