The stock of Lydall, Inc. (NYSE:LDL) hit a new 52-week high and has $61.34 target or 3.00% above today’s $59.55 share price. The 5 months bullish chart indicates low risk for the $1.04B company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $61.34 price target is reached, the company will be worth $31.20 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 62,749 shares traded hands. Lydall, Inc. (NYSE:LDL) has risen 62.18% since April 28, 2016 and is uptrending. It has outperformed by 56.26% the S&P500.
Analysts await Lydall, Inc. (NYSE:LDL) to report earnings on February, 22. They expect $0.67 earnings per share, up 45.65% or $0.21 from last year’s $0.46 per share. LDL’s profit will be $11.70 million for 22.22 P/E if the $0.67 EPS becomes a reality. After $0.86 actual earnings per share reported by Lydall, Inc. for the previous quarter, Wall Street now forecasts -22.09% negative EPS growth.
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 company was initiated on Wednesday, November 9 by Roth Capital. The firm earned “Neutral” rating on Monday, August 29 by Sidoti. The rating was initiated by TH Capital on Wednesday, November 9 with “Buy”.
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.
Moreover, Swiss Fincl Bank has 0% invested in Lydall, Inc. (NYSE:LDL) for 28,500 shares. Blackrock Group Limited has 18,311 shares for 0% of their US portfolio. Financial Bank Of America Corp De holds 50,037 shares or 0% of its portfolio. Blackrock Fund Advsrs holds 1.10M shares or 0.01% of its portfolio. Parametric Assocs accumulated 0% or 21,306 shares. Geode Cap Mgmt Limited has 0% invested in the company for 114,270 shares. Invesco holds 0% or 72,726 shares in its portfolio. First Lp holds 0% of its portfolio in Lydall, Inc. (NYSE:LDL) for 8,869 shares. Eam Limited Liability has invested 0.17% of its portfolio in Lydall, Inc. (NYSE:LDL). The Illinois-based Lsv Asset Management has invested 0.01% in Lydall, Inc. (NYSE:LDL). State Street Corporation last reported 0% of its portfolio in the stock. Finemark Comml Bank accumulated 0% or 211 shares. State Of Tennessee Treasury Department last reported 0% of its portfolio in the stock. Hillsdale Invest Mngmt last reported 0.02% of its portfolio in the stock. Barclays Public Limited Co has 27,498 shares for 0% of their US portfolio.
Insider Transactions: Since August 5, 2016, the stock had 1 buying transaction, and 5 sales for $1.95 million net activity. Another trade for 8,250 shares valued at $382,070 was made by SODERSTROM S CARL JR on Friday, August 5. The insider Abbruzzi Joseph A. sold 2,975 shares worth $145,920. HUME WILLIAM J. also sold $113,690 worth of Lydall, Inc. (NYSE:LDL) shares. The insider LAUGHLAN JAMES V sold $581,547. $818,538 worth of Lydall, Inc. (NYSE:LDL) shares were sold by BURDETT KATHLEEN. $96,584 worth of Lydall, Inc. (NYSE:LDL) was bought by FARRELL MATTHEW.
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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