The stock of Lydall, Inc. (NYSE:LDL) reached all time high today, Oct, 7 and still has $75.83 target or 44.00% above today’s $52.66 share price. This indicates more upside for the $927.19 million company. This technical setup was reported by Barchart.com. If the $75.83 PT is reached, the company will be worth $407.96 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 30,069 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 dropped, 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.
Rhumbline Advisers accumulated 20,366 shares or 0% of the stock. Rosenblum Silverman Sutton S F Ca accumulated 0.14% or 7,650 shares. Rice Hall James & Assoc Limited Liability Com has 71,924 shares for 0.16% of their US portfolio. Rothschild Asset Mgmt holds 283,139 shares or 0.2% of its portfolio. Heartland Advsrs holds 0.87% of its portfolio in Lydall, Inc. (NYSE:LDL) for 400,000 shares. Moreover, Gabelli Funds Lc has 0.01% invested in Lydall, Inc. (NYSE:LDL) for 35,000 shares. The New York-based Art Ltd Liability has invested 0.02% in Lydall, Inc. (NYSE:LDL). Moreover, Allianz Asset Mngmt Ag has 0% invested in Lydall, Inc. (NYSE:LDL) for 81,148 shares. Blackrock Investment Management Limited Com last reported 73,501 shares in the company. Moreover, Comerica Retail Bank has 0.06% invested in Lydall, Inc. (NYSE:LDL) for 146,790 shares. Millennium Mgmt Ltd Limited Liability Company reported 22,804 shares or 0% of all its holdings. Gamco Inc Et Al last reported 0.02% of its portfolio in the stock. Moreover, Ubs Asset Americas has 0% invested in Lydall, Inc. (NYSE:LDL) for 7,200 shares. California State Teachers Retirement Systems last reported 34,836 shares in the company. Piermont Management last reported 70,990 shares in the company.
Insider Transactions: Since August 5, 2016, the stock had 1 buy, and 5 sales for $1.95 million net activity. SODERSTROM S CARL JR also sold $382,070 worth of Lydall, Inc. (NYSE:LDL) shares. Shares for $96,584 were bought by FARRELL MATTHEW on Monday, August 15. $113,690 worth of Lydall, Inc. (NYSE:LDL) was sold by HUME WILLIAM J. on Friday, August 5. On Friday, August 5 the insider BURDETT KATHLEEN sold $818,538. $145,920 worth of Lydall, Inc. (NYSE:LDL) shares were sold by Abbruzzi Joseph A.. Another trade for 12,741 shares valued at $581,547 was sold by LAUGHLAN JAMES V.
More news for Lydall, Inc. (NYSE:LDL) were recently published by: Quotes.Wsj.com, which released: “Lydall Inc. LDL (US: NYSE)” on February 11, 2011. Benzinga.com‘s article titled: “Lydall Buys Texel For ~$96 Million In Cash” and published on July 08, 2016 is yet another important article.
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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