Is Lydall, Inc. (LDL) a Sell? The Stock Formed Bearish Double Bottom

September 14, 2018 - By Duane Lopez

Investors sentiment increased to 1.7 in 2018 Q2. Its up 0.45, from 1.25 in 2018Q1. It improved, as 9 investors sold Lydall, Inc. shares while 37 reduced holdings. 28 funds opened positions while 50 raised stakes. 15.79 million shares or 3.33% more from 15.28 million shares in 2018Q1 were reported.
Thomson Horstmann Bryant owns 135,071 shares. Arizona State Retirement Systems stated it has 0.01% of its portfolio in Lydall, Inc. (NYSE:LDL). Victory Cap Mngmt invested in 6,337 shares. Royal Financial Bank Of Canada holds 0.01% or 583,310 shares in its portfolio. Schwab Charles Invest Mngmt Incorporated has 90,806 shares for 0% of their portfolio. Macquarie Group Limited has invested 0% in Lydall, Inc. (NYSE:LDL). 497 are owned by Ls Investment Advsr Ltd Company. Moreover, Captrust Financial Advisors has 0% invested in Lydall, Inc. (NYSE:LDL) for 3 shares. 55,216 were accumulated by Sei Investments. 60,305 were reported by Parametric Portfolio Lc. Loomis Sayles L P has 351 shares. State Common Retirement Fund has invested 0% in Lydall, Inc. (NYSE:LDL). Amer Int Grp Inc, a New York-based fund reported 13,091 shares. 113,461 are held by Prudential Fin. Massmutual Fsb Adv accumulated 21 shares or 0% of the stock.

Since March 16, 2018, it had 0 buys, and 1 insider sale for $100,450 activity.

The chart of Lydall, Inc. (LDL) shows a double bottom with $36.31 target or 9.00 % below today’s $39.90 share price. The 6 months chart pattern indicates high risk for the $693.45 million company. It was reported on Sep, 14 by Finviz.com. If the $36.31 price target is reached, the company will be worth $62.41 million less. Double bottoms are rare but powerful chart patterns.

The stock decreased 0.25% or $0.1 during the last trading session, reaching $39.9. About 1,749 shares traded. Lydall, Inc. (NYSE:LDL) has declined 15.56% since September 14, 2017 and is downtrending. It has underperformed by 31.18% the S&P500.

Analysts await Lydall, Inc. (NYSE:LDL) to report earnings on October, 30. They expect $0.61 earnings per share, 0.00 % or $0.00 from last year’s $0.61 per share. LDL’s profit will be $10.60 million for 16.35 P/E if the $0.61 EPS becomes a reality. After $0.70 actual earnings per share reported by Lydall, Inc. for the previous quarter, Wall Street now forecasts -12.86 % negative EPS growth.

Another recent and important Lydall, Inc. (NYSE:LDL) news was published by Globenewswire.com which published an article titled: “Lydall Completes Acquisition of Interface Performance Materials” on September 04, 2018.

Lydall, Inc. designs, manufactures, and markets specialty engineered filtration media, industrial thermal insulating solutions, and automotive thermal and acoustical barriers for filtration/separation and thermal/acoustical applications worldwide. The company has market cap of $693.45 million. It operates through Performance Materials, Technical Nonwovens, Thermal/Acoustical Metals, and Thermal/Acoustical Fibers divisions. It has a 15.06 P/E ratio. The Performance Materials segment offers filtration media solutions for air, fluid power, and industrial applications, such as clean-space, commercial, HVAC, power generation, and industrial processes.

Lydall, Inc. (NYSE:LDL) Institutional Positions Chart

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