Lydall, Inc. (NYSE:LDL) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Friday, August 4th.
Other analysts have also recently issued research reports about the company. Roth Capital set a $63.00 price objective on Lydall and gave the company a “buy” rating in a research report on Monday, June 26th. ValuEngine raised Lydall from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $60.50.
Lydall (NYSE:LDL) opened at 46.60 on Friday. Lydall has a 12-month low of $44.14 and a 12-month high of $64.85. The stock has a 50 day moving average price of $49.49 and a 200-day moving average price of $52.13. The stock has a market capitalization of $803.06 million, a P/E ratio of 19.18 and a beta of 1.68.
Lydall (NYSE:LDL) last released its quarterly earnings data on Tuesday, August 1st. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.10. The firm had revenue of $174.88 million during the quarter, compared to analysts’ expectations of $174.98 million. Lydall had a return on equity of 17.43% and a net margin of 6.56%. The business’s revenue was up 27.4% on a year-over-year basis. Equities research analysts expect that Lydall will post $2.91 EPS for the current year.
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In other news, SVP Chad A. Mcdaniel sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $54.06, for a total value of $189,210.00. Following the sale, the senior vice president now directly owns 36,236 shares in the company, valued at approximately $1,958,918.16. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 5.02% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of LDL. State of Alaska Department of Revenue increased its position in Lydall by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 1,900 shares of the auto parts company’s stock worth $101,000 after buying an additional 40 shares during the period. LS Investment Advisors LLC boosted its stake in Lydall by 216.6% in the first quarter. LS Investment Advisors LLC now owns 2,061 shares of the auto parts company’s stock worth $110,000 after buying an additional 1,410 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Lydall by 0.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,044 shares of the auto parts company’s stock worth $110,000 after buying an additional 16 shares in the last quarter. Pinebridge Investments L.P. boosted its stake in Lydall by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 2,270 shares of the auto parts company’s stock worth $118,000 after buying an additional 22 shares in the last quarter. Finally, Creative Planning boosted its position in Lydall by 6.9% in the first quarter. Creative Planning now owns 2,335 shares of the auto parts company’s stock worth $125,000 after buying an additional 150 shares during the period. 88.35% of the stock is currently owned by hedge funds and other institutional investors.
About Lydall
Lydall, Inc designs and manufactures specialty engineered filtration media, industrial thermal insulating solutions, automotive thermal and acoustical barriers for filtration/separation and thermal/acoustical applications. The Company’s segments are Performance Materials, Technical Nonwovens, Thermal/Acoustical Metals and Thermal/Acoustical Fibers.
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