Price Change to Note: After Reaching 52-Week High, Is Lydall, Inc.’s Near-Term Analysis Positive?

Price Change to Note: After Reaching 52 Week High, Is Lydall, Inc.'s Near Term Analysis Positive?

The stock of Lydall, Inc. (NYSE:LDL) hit a new 52-week high and has $89.05 target or 64.00% above today’s $54.30 share price. The 7 months bullish chart indicates low risk for the $961.26 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $89.05 price target is reached, the company will be worth $615.21M 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 132,300 shares traded hands or 3.31% up from the average. Lydall, Inc. (NYSE:LDL) has risen 58.67% since April 11, 2016 and is uptrending. It has outperformed by 52.52% 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 rating was initiated by Roth Capital with “Buy” on Wednesday, November 9. TH Capital initiated the shares of LDL in a report on Wednesday, November 9 with “Buy” rating. The firm has “Neutral” rating given on Monday, August 29 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 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.
Alps accumulated 0% or 12,571 shares. Blackrock Inv Mngmt Limited Liability Com, a New Jersey-based fund reported 73,501 shares. Blackrock Institutional Trust Company Na holds 0% of its portfolio in Lydall, Inc. (NYSE:LDL) for 337,541 shares. Adams Diversified Equity Fund Inc owns 12,700 shares or 0.03% of their US portfolio. Blackrock holds 0% of its portfolio in Lydall, Inc. (NYSE:LDL) for 18,311 shares. The California-based Rosenblum Silverman Sutton S F Ca has invested 0.14% in Lydall, Inc. (NYSE:LDL). The Illinois-based Advisory Rech has invested 0.29% in Lydall, Inc. (NYSE:LDL). Jpmorgan Chase, a New York-based fund reported 13,088 shares. Gamco Investors Et Al holds 0.02% of its portfolio in Lydall, Inc. (NYSE:LDL) for 78,600 shares. Victory Capital Mngmt accumulated 1,603 shares or 0% of the stock. Nationwide Fund Advisors accumulated 0.01% or 43,136 shares. Invest Counselors Of Maryland Ltd Llc holds 0.9% of its portfolio in Lydall, Inc. (NYSE:LDL) for 427,194 shares. Louisiana State Employees Retirement Systems, a Louisiana-based fund reported 7,600 shares. Wells Fargo & Mn, a California-based fund reported 101,581 shares. Pinebridge L P last reported 0% of its portfolio in the stock.

Insider Transactions: Since August 5, 2016, the stock had 1 insider buy, and 5 insider sales for $1.95 million net activity. FARRELL MATTHEW bought $96,584 worth of stock. The insider HUME WILLIAM J. sold 2,500 shares worth $113,690. SODERSTROM S CARL JR sold $382,070 worth of stock or 8,250 shares. BURDETT KATHLEEN sold 17,795 shares worth $818,538. On Friday, August 19 the insider Abbruzzi Joseph A. sold $145,920. Shares for $581,547 were sold by LAUGHLAN JAMES V on Friday, August 5.

More recent Lydall, Inc. (NYSE:LDL) news were published by: Marketwatch.com which released: “Plus the latest data from Realtor.com on 21 home markets across the US” on February 16, 2011. Also Quotes.Wsj.com published the news titled: “Lydall Inc. LDL (US: NYSE)” on February 11, 2011. Twst.com‘s news article titled: “Lydall Inc.: Lydall to Report Third Quarter 2016 Results” with publication date: October 19, 2016 was also an interesting one.

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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