The stock of Lydall, Inc. (NYSE:LDL) hit a new 52-week high and has $65.67 target or 26.00% above today’s $52.12 share price. The 7 months bullish chart indicates low risk for the $917.69 million company. The 1-year high was reported on Oct, 7 by Barchart.com. If the $65.67 price target is reached, the company will be worth $238.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 22,919 shares traded hands. Lydall, Inc. (NYSE:LDL) has risen 76.61% since March 4, 2016 and is uptrending. It has outperformed by 68.57% the S&P500.
Analysts await Lydall, Inc. (NYSE:LDL) to report earnings on November, 1.
According to Zacks Investment Research, “Lydall, Inc. and its subsidiaries are manufacturers of engineered products for demanding specialty applications. They develop and manufacture engineered specialty papers in both roll and sheet form; fabricated automotive heat shields and acoustical barriers; and certain medical filtration and bioprocessing components. Their specialty papers are supplied to other manufacturers for conversion or incorporation into finished products. Their fabricated products are sold to original equipment manufacturers and tier-one suppliers.”
Insitutional Activity: The institutional sentiment decreased to 1.13 in 2016 Q2. Its down 0.04, from 1.17 in 2016Q1. The ratio turned negative, as 9 funds sold all Lydall, Inc. shares owned while 47 reduced positions. 15 funds bought stakes while 48 increased positions. They now own 14.94 million shares or 0.58% less from 15.03 million shares in 2016Q1.
Hillsdale Management Incorporated last reported 2,000 shares in the company. Goldman Sachs Gp accumulated 15,574 shares or 0% of the stock. Thrivent For Lutherans last reported 0% of its portfolio in the stock. Teton Advisors Inc, a New York-based fund reported 139,949 shares. Geode Mngmt Lc owns 114,270 shares or 0% of their US portfolio. Earnest Prtn Limited Company, a Georgia-based fund reported 1,300 shares. Moreover, Bnp Paribas Arbitrage Sa has 0% invested in Lydall, Inc. (NYSE:LDL) for 5,333 shares. The Delaware-based Blackrock Advisors Lc has invested 0% in Lydall, Inc. (NYSE:LDL). Texas Permanent School Fund holds 13,096 shares or 0.01% of its portfolio. The Pennsylvania-based Janney Montgomery Scott Ltd Limited Liability Company has invested 0.01% in Lydall, Inc. (NYSE:LDL). James Invest Rech has invested 0.42% of its portfolio in Lydall, Inc. (NYSE:LDL). Granite Invest Ltd Com has invested 0.25% of its portfolio in Lydall, Inc. (NYSE:LDL). The Wisconsin-based Heartland Advisors Inc has invested 0.87% in Lydall, Inc. (NYSE:LDL). Gabelli Funds Limited Company has 0.01% invested in the company for 35,000 shares. Vanguard Group Inc accumulated 0% or 907,244 shares.
Insider Transactions: Since August 5, 2016, the stock had 1 insider purchase, and 5 selling transactions for $1.95 million net activity. $818,538 worth of shares were sold by BURDETT KATHLEEN on Friday, August 5. The insider LAUGHLAN JAMES V sold 12,741 shares worth $581,547. 8,250 shares were sold by SODERSTROM S CARL JR, worth $382,070. Abbruzzi Joseph A. sold $145,920 worth of stock. Shares for $96,584 were bought by FARRELL MATTHEW on Monday, August 15. $113,690 worth of shares were sold by HUME WILLIAM J. on Friday, August 5.
More recent Lydall, Inc. (NYSE:LDL) news were published by: Quotes.Wsj.com which released: “Lydall Inc. LDL (US: NYSE)” on February 11, 2011. Also Benzinga.com published the news titled: “Lydall Buys Texel For ~$96 Million In Cash” on July 08, 2016. Globenewswire.com‘s news article titled: “Lydall Acquires Industrial Filtration Business of Andrew Industries Limited” with publication date: February 20, 2014 was also an interesting one.
LDL Company Profile
Lydall, Inc. (Lydall), incorporated on August 26, 1987, creates and makes specialty engineered non-woven filtration media, industrial thermal insulating solutions, and thermal and acoustical barriers for filtration or separation and heat abatement, and sound dampening applications. The Company’s divisions are Performance Materials, Industrial Filtration, Thermal/Acoustical Metals, and Thermal/Acoustical Fibers. The Performance Materials segment is engaged in the filtration, thermal insulation and life sciences filtration businesses. The Industrial Filtration segment is engaged in the Lydall’s industrial non-woven felt media and filter bag business. The Thermal/Acoustical Metals segment is engaged in the Lydall’s metal parts and related tooling. The Thermal/Acoustical Fibers segment is engaged in the Lydall’s fiber parts business and related tooling business for use in automotive applications. The Company’s products are sold to original equipment manufacturers and tier-one suppliers.
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