William D. Gurley Sells 3,252 Shares of Lydall, Inc. (LDL) Stock

Lydall, Inc. (NYSE:LDL) Director William D. Gurley sold 3,252 shares of Lydall stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $55.15, for a total value of $179,347.80. Following the completion of the sale, the director now owns 49,647 shares in the company, valued at $2,738,032.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of Lydall, Inc. (LDL) opened at $52.60 on Wednesday. The company has a quick ratio of 1.91, a current ratio of 2.67 and a debt-to-equity ratio of 0.28. Lydall, Inc. has a 12 month low of $45.45 and a 12 month high of $64.85. The firm has a market capitalization of $917.27, a P/E ratio of 19.92 and a beta of 1.63.

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

A number of research firms recently weighed in on LDL. Zacks Investment Research upgraded Lydall from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Sidoti upgraded Lydall from a “neutral” rating to a “buy” rating and set a $62.00 price target on the stock in a research note on Wednesday, September 13th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $62.50.

A number of hedge funds have recently modified their holdings of LDL. Pinebridge Investments L.P. raised its holdings in Lydall by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 2,270 shares of the auto parts company’s stock worth $118,000 after purchasing an additional 22 shares during the last quarter. SG Americas Securities LLC acquired a new position in Lydall during the third quarter worth $165,000. Creative Planning raised its holdings in Lydall by 42.8% during the second quarter. Creative Planning now owns 3,335 shares of the auto parts company’s stock worth $172,000 after purchasing an additional 1,000 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in Lydall by 77.9% during the second quarter. State of Alaska Department of Revenue now owns 3,381 shares of the auto parts company’s stock worth $174,000 after purchasing an additional 1,481 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Lydall by 13.4% during the second quarter. Victory Capital Management Inc. now owns 3,559 shares of the auto parts company’s stock worth $184,000 after purchasing an additional 421 shares during the last quarter. 90.35% of the stock is owned by hedge funds and other institutional investors.

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About Lydall

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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