Lydall, Inc. (NYSE:LDL) CFO Scott M. Deakin sold 5,000 shares of Lydall stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $48.42, for a total value of $242,100.00. Following the transaction, the chief financial officer now owns 27,034 shares in the company, valued at $1,308,986.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Lydall, Inc. (NYSE LDL) opened at $49.35 on Friday. The company has a quick ratio of 1.89, a current ratio of 2.68 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $856.47, a price-to-earnings ratio of 17.50 and a beta of 1.44. Lydall, Inc. has a 1-year low of $42.51 and a 1-year high of $60.00.
Lydall (NYSE:LDL) last issued its earnings results on Wednesday, February 21st. The auto parts company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.06. The business had revenue of $178.03 million for the quarter, compared to analysts’ expectations of $165.50 million. Lydall had a return on equity of 14.99% and a net margin of 7.01%. The company’s quarterly revenue was up 23.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 EPS. analysts anticipate that Lydall, Inc. will post 3.05 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. MetLife Investment Advisors LLC acquired a new position in shares of Lydall in the 4th quarter worth $423,000. Westwood Holdings Group Inc. grew its holdings in shares of Lydall by 12.2% in the 4th quarter. Westwood Holdings Group Inc. now owns 269,713 shares of the auto parts company’s stock worth $13,688,000 after acquiring an additional 29,267 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Lydall by 113.7% in the 4th quarter. Millennium Management LLC now owns 137,683 shares of the auto parts company’s stock worth $6,987,000 after acquiring an additional 73,264 shares during the last quarter. Engine Capital Management LLC acquired a new position in shares of Lydall in the 4th quarter worth $102,000. Finally, TIAA CREF Investment Management LLC grew its holdings in shares of Lydall by 42.7% in the 4th quarter. TIAA CREF Investment Management LLC now owns 100,627 shares of the auto parts company’s stock worth $5,107,000 after acquiring an additional 30,130 shares during the last quarter. Institutional investors and hedge funds own 90.71% of the company’s stock.
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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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