Price Action To Observe: Could Lydall, Inc. Change Direction After Touching All-Time High?

Price Action To Observe: Could Lydall, Inc. Change Direction After Touching All Time High?

The stock of Lydall, Inc. (NYSE:LDL) reached all time high today, Nov, 22 and still has $65.29 target or 9.00% above today’s $59.90 share price. This indicates more upside for the $1.05B company. This technical setup was reported by Barchart.com. If the $65.29 PT is reached, the company will be worth $94.50M 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 92,257 shares traded hands. Lydall, Inc. (NYSE:LDL) has risen 59.62% since April 20, 2016 and is uptrending. It has outperformed by 55.06% 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. The firm earned “Buy” rating on Wednesday, November 9 by Roth Capital. TH Capital initiated Lydall, Inc. (NYSE:LDL) on Wednesday, November 9 with “Buy” rating. Sidoti downgraded Lydall, Inc. (NYSE:LDL) on Monday, August 29 to “Neutral” rating.

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 increased to 1.53 in 2016 Q2. Its up 0.40, from 1.13 in 2016Q1. The ratio is positive, 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.
Blackrock Institutional Tru Na accumulated 337,541 shares or 0% of the stock. Wedge Capital Mgmt L L P Nc accumulated 22,600 shares or 0.01% of the stock. Paradigm Asset Management Lc last reported 0% of its portfolio in the stock. Blackrock Gp holds 0% or 18,311 shares in its portfolio. Teachers Retirement Systems Of The State Of Kentucky last reported 0% of its portfolio in the stock. Invesco owns 72,726 shares or 0% of their US portfolio. Victory Cap Management has invested 0% of its portfolio in Lydall, Inc. (NYSE:LDL). Manufacturers Life The, a Ontario – Canada-based fund reported 11,410 shares. Blackrock Fund Advsrs holds 1.10M shares or 0.01% of its portfolio. The Pennsylvania-based Sei Communications has invested 0.01% in Lydall, Inc. (NYSE:LDL). The Texas-based Capstone Asset Mgmt has invested 0.01% in Lydall, Inc. (NYSE:LDL). California State Teachers Retirement Sys accumulated 0% or 34,836 shares. Ubs Asset Mngmt Americas last reported 7,200 shares in the company. James Research reported 431,387 shares or 0.42% of all its holdings. First Trust Advisors Lp last reported 0% of its portfolio in the stock.

Insider Transactions: Since August 5, 2016, the stock had 1 buy, and 5 sales for $1.95 million net activity. Shares for $113,690 were sold by HUME WILLIAM J. on Friday, August 5. On Friday, August 5 BURDETT KATHLEEN sold $818,538 worth of the stock or 17,795 shares. On Friday, August 19 the insider Abbruzzi Joseph A. sold $145,920. 8,250 Lydall, Inc. (NYSE:LDL) shares with value of $382,070 were sold by SODERSTROM S CARL JR. FARRELL MATTHEW also bought $96,584 worth of Lydall, Inc. (NYSE:LDL) shares. LAUGHLAN JAMES V sold 12,741 shares worth $581,547.

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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