Zacks: Lydall, Inc. (NYSE:LDL) Given Average Recommendation of “Strong Buy” by Analysts

Lydall, Inc. (NYSE:LDL) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating. Lydall’s rating score has improved by 50% from three months ago as a result of a number of analysts’ ratings changes.

Analysts have set a 12-month consensus target price of $48.00 for the company, according to Zacks. Zacks has also assigned Lydall an industry rank of 35 out of 256 based on the ratings given to its competitors.

LDL has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. Roth Capital set a $24.00 price objective on shares of Lydall and gave the company a “hold” rating in a report on Thursday, May 2nd. Finally, ValuEngine lowered shares of Whiting USA Trust II from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th.

Lydall stock traded up $1.49 during trading hours on Friday, hitting $19.83. The stock had a trading volume of 148,206 shares, compared to its average volume of 89,257. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.34 and a quick ratio of 1.70. The company has a market cap of $321.52 million, a PE ratio of 8.16 and a beta of 1.91. Lydall has a 12-month low of $17.90 and a 12-month high of $48.45. The stock has a 50-day simple moving average of $19.37.

Lydall (NYSE:LDL) last posted its quarterly earnings results on Tuesday, April 30th. The auto parts company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.15). Lydall had a return on equity of 9.51% and a net margin of 3.42%. The business had revenue of $218.03 million for the quarter, compared to analysts’ expectations of $223.18 million. During the same period in the prior year, the business posted $0.67 earnings per share. The business’s quarterly revenue was up 13.8% compared to the same quarter last year.

In related news, insider Joseph A. Abbruzzi sold 3,362 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $19.77, for a total value of $66,466.74. Following the sale, the insider now owns 47,020 shares in the company, valued at approximately $929,585.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.85% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC bought a new position in shares of Lydall during the 1st quarter valued at approximately $70,000. PNC Financial Services Group Inc. raised its position in Lydall by 60.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,498 shares of the auto parts company’s stock worth $71,000 after purchasing an additional 1,324 shares during the period. BNP Paribas Arbitrage SA raised its position in Lydall by 501.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,522 shares of the auto parts company’s stock worth $83,000 after purchasing an additional 2,936 shares during the period. Municipal Employees Retirement System of Michigan purchased a new position in Lydall in the 4th quarter worth $100,000. Finally, Metropolitan Life Insurance Co. NY raised its position in Lydall by 362.1% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,605 shares of the auto parts company’s stock worth $114,000 after purchasing an additional 4,392 shares during the period. Institutional investors own 89.53% of the company’s stock.

Lydall Company Profile

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. It operates through Performance Materials, Technical Nonwovens, and Thermal Acoustical Solutions segments.

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