The stock of Lydall, Inc. (NYSE:LDL) reached all time high today, Nov, 14 and still has $77.76 target or 38.00% above today’s $56.35 share price. This indicates more upside for the $980.36M company. This technical setup was reported by Barchart.com. If the $77.76 PT is reached, the company will be worth $372.54M 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 116,772 shares traded hands. Lydall, Inc. (NYSE:LDL) has risen 56.94% since April 12, 2016 and is uptrending. It has outperformed by 51.95% the S&P500.
Lydall, Inc. (NYSE:LDL) Ratings Coverage
Out of 3 analysts covering Lydall (NYSE:LDL), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Lydall has been the topic of 3 analyst reports since August 29, 2016 according to StockzIntelligence Inc. On Monday, August 29 the stock rating was downgraded by Sidoti to “Neutral”. TH Capital initiated Lydall, Inc. (NYSE:LDL) on Wednesday, November 9 with “Buy” rating. The firm has “Buy” rating by Roth Capital given on Wednesday, November 9.
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 fall, 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.
Manufacturers Life The has 11,410 shares for 0% of their US portfolio. Gotham Asset Mngmt Ltd Liability has 0.02% invested in the company for 48,488 shares. Moreover, Louisiana State Employees Retirement System has 0.02% invested in Lydall, Inc. (NYSE:LDL) for 7,600 shares. Texas Permanent School Fund last reported 0.01% of its portfolio in the stock. Retail Bank Of America Corp De owns 50,037 shares or 0% of their US portfolio. Hillsdale Invest Mngmt holds 0.02% of its portfolio in Lydall, Inc. (NYSE:LDL) for 2,000 shares. Bnp Paribas Arbitrage Sa last reported 0% of its portfolio in the stock. Ameriprise Fincl holds 0.01% of its portfolio in Lydall, Inc. (NYSE:LDL) for 234,688 shares. Renaissance Technology Ltd Llc reported 317,600 shares or 0.02% of all its holdings. Janney Montgomery Scott Limited Liability Corporation, a Pennsylvania-based fund reported 13,446 shares. The Iowa-based Principal Group has invested 0.01% in Lydall, Inc. (NYSE:LDL). Us National Bank & Trust De reported 30,422 shares or 0% of all its holdings. Pinebridge Lp accumulated 0% or 2,173 shares. Pnc Services Grp has invested 0% of its portfolio in Lydall, Inc. (NYSE:LDL). Blackrock has 1,850 shares for 0% of their US portfolio.
Insider Transactions: Since August 5, 2016, the stock had 1 insider buy, and 5 insider sales for $1.95 million net activity. $145,920 worth of shares were sold by Abbruzzi Joseph A. on Friday, August 19. HUME WILLIAM J. also sold $113,690 worth of Lydall, Inc. (NYSE:LDL) shares. 12,741 shares were sold by LAUGHLAN JAMES V, worth $581,547. The insider BURDETT KATHLEEN sold 17,795 shares worth $818,538. The insider FARRELL MATTHEW bought $96,584. SODERSTROM S CARL JR sold 8,250 shares worth $382,070.
More news for Lydall, Inc. (NYSE:LDL) were recently published by: Marketwatch.com, which released: “/quotes/zigman/3870025/realtime” on February 16, 2011. Quotes.Wsj.com‘s article titled: “Lydall Inc. LDL (US: NYSE)” and published on February 11, 2011 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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