Lydall, Inc. (NYSE:LDL) Director Kathleen Burdett sold 744 shares of the firm’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $53.00, for a total transaction of $39,432.00. Following the sale, the director now owns 31,335 shares of the company’s stock, valued at approximately $1,660,755. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Lydall, Inc. (NYSE:LDL) traded down 0.65% during trading on Monday, reaching $53.80. 200,153 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $56.16 and a 200 day moving average price of $55.15. Lydall, Inc. has a 12 month low of $31.95 and a 12 month high of $64.85. The firm has a market cap of $927.19 million, a price-to-earnings ratio of 24.91 and a beta of 1.41.
Lydall (NYSE:LDL) last announced its quarterly earnings results on Wednesday, February 22nd. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.68 by $0.16. The firm earned $144.20 million during the quarter, compared to the consensus estimate of $148.22 million. Lydall had a return on equity of 16.73% and a net margin of 6.87%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, analysts forecast that Lydall, Inc. will post $2.79 EPS for the current year.
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Separately, Zacks Investment Research lowered shares of Lydall from a “buy” rating to a “hold” rating in a research report on Wednesday, March 1st.
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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