Lydall (LDL) was Downgraded by Sidoti to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Sidoti advised their investors in a research report released on Aug 29, 2016.
Lydall opened for trading at $49 and hit $49.64 on the upside on Tuesday, eventually ending the session at $49.6, with a gain of 1.47% or 0.72 points. The heightened volatility saw the trading volume jump to 59,887 shares. Company has a market cap of $850 M.
In a different news, on Aug 23, 2016, Joseph A. Abbruzzi (Pres., Industrial Filtration) sold 2,975 shares at $49.05 per share price. According to the SEC, on Aug 16, 2016, Matthew Farrell (director) purchased 2,000 shares at $48.29 per share price. On Aug 9, 2016, S Carl Jr Soderstrom (director) sold 8,250 shares at $46.31 per share price, according to the Form-4 filing with the securities and exchange commission.
Lydall Inc. designs and manufactures 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 operates in four segments: 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 the engaged in the Lydall’s metal parts and related tooling. The Thermal/Acoustical Fibers segment is engaged in the Lydall’s automotive fiber parts business and related tooling business for use in automotive applications. The products are sold to original equipment manufacturers and tier-one suppliers.