Notable Reporting: What’s Lydall, Inc. Upside After Making 52-Week High?

Notable Reporting: What's Lydall, Inc. Upside After Making 52 Week High?

The stock of Lydall, Inc. (NYSE:LDL) hit a new 52-week high and has $86.32 target or 53.00% above today’s $56.42 share price. The 5 months bullish chart indicates low risk for the $954.87 million company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $86.32 price target is reached, the company will be worth $506.08 million 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 174,594 shares traded hands or 26.85% up from the average. Lydall, Inc. (NYSE:LDL) has risen 59.19% since April 15, 2016 and is uptrending. It has outperformed by 54.56% 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. TH Capital initiated the stock with “Buy” rating in Wednesday, November 9 report. The firm has “Buy” rating by Roth Capital given on Wednesday, November 9. As per Monday, August 29, the company rating was downgraded by Sidoti.

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 worsened, 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.
Janney Montgomery Scott Ltd Liability holds 0.01% or 13,446 shares in its portfolio. Moreover, Champlain Investment Prtnrs Ltd has 0.64% invested in Lydall, Inc. (NYSE:LDL) for 958,460 shares. Heartland Advsr accumulated 400,000 shares or 0.87% of the stock. National Bank & Trust Of Mellon holds 319,550 shares or 0% of its portfolio. Thrivent Fincl For Lutherans reported 8,290 shares or 0% of all its holdings. Mckinley Cap Mngmt Ltd Liability Company Delaware last reported 0% of its portfolio in the stock. The California-based Wells Fargo & Co Mn has invested 0% in Lydall, Inc. (NYSE:LDL). Gamco Et Al has invested 0.02% of its portfolio in Lydall, Inc. (NYSE:LDL). Highland Cap Limited Liability Com has invested 0.02% of its portfolio in Lydall, Inc. (NYSE:LDL). Millennium Ltd last reported 0% of its portfolio in the stock. Nationwide Fund Advsr holds 0.01% or 43,136 shares in its portfolio. Blackrock Lc reported 11,314 shares or 0% of all its holdings. California Pub Employees Retirement Sys, a California-based fund reported 98,100 shares. Glenmede Na owns 47 shares or 0% of their US portfolio. Geneva Lc has invested 0.01% of its portfolio in Lydall, Inc. (NYSE:LDL).

Insider Transactions: Since August 5, 2016, the stock had 1 buy, and 5 insider sales for $1.95 million net activity. LAUGHLAN JAMES V had sold 12,741 shares worth $581,547 on Friday, August 5. SODERSTROM S CARL JR sold $382,070 worth of stock. BURDETT KATHLEEN sold 17,795 shares worth $818,538. $145,920 worth of Lydall, Inc. (NYSE:LDL) was sold by Abbruzzi Joseph A. on Friday, August 19. On Monday, August 15 FARRELL MATTHEW bought $96,584 worth of the stock or 2,000 shares. $113,690 worth of Lydall, Inc. (NYSE:LDL) was sold by HUME WILLIAM J..

More news for Lydall, Inc. (NYSE:LDL) were recently published by: Marketwatch.com, which released: “Plus the latest data from Realtor.com on 21 home markets across the US” 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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