Lydall, Inc. (LDL) Lifted to Buy at Sidoti
Lydall, Inc. (NYSE:LDL) was upgraded by investment analysts at Sidoti from a “neutral” rating to a “buy” rating in a research report issued on Wednesday.
A number of other equities research analysts have also recently commented on LDL. Roth Capital set a $63.00 target price on shares of Lydall and gave the company a “buy” rating in a research report on Saturday, May 20th. ValuEngine upgraded shares of Lydall from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub cut shares of Lydall from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. Finally, Zacks Investment Research cut shares of Lydall from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $60.50.
Lydall (LDL) opened at 47.55 on Wednesday. The stock has a market capitalization of $819.43 million, a PE ratio of 19.57 and a beta of 1.71. Lydall has a 1-year low of $44.14 and a 1-year high of $64.85. The company’s 50-day moving average is $47.81 and its 200 day moving average is $50.53.
Lydall (NYSE:LDL) last issued its earnings results on Tuesday, August 1st. The auto parts company reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.10. The business had revenue of $174.88 million during the quarter, compared to analysts’ expectations of $174.98 million. Lydall had a net margin of 6.56% and a return on equity of 17.43%. Lydall’s revenue for the quarter was up 27.4% compared to the same quarter last year. Equities analysts predict that Lydall will post $2.91 earnings per share for the current year.
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Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in shares of Lydall by 168,285.2% in the first quarter. BlackRock Inc. now owns 2,079,557 shares of the auto parts company’s stock valued at $111,465,000 after purchasing an additional 2,078,322 shares during the period. Champlain Investment Partners LLC grew its holdings in shares of Lydall by 15.6% in the first quarter. Champlain Investment Partners LLC now owns 1,073,070 shares of the auto parts company’s stock valued at $57,517,000 after purchasing an additional 144,425 shares during the period. Royal Bank of Canada grew its holdings in shares of Lydall by 6.7% in the second quarter. Royal Bank of Canada now owns 989,335 shares of the auto parts company’s stock valued at $51,149,000 after purchasing an additional 61,944 shares during the period. Vanguard Group Inc. grew its holdings in shares of Lydall by 2.5% in the first quarter. Vanguard Group Inc. now owns 924,988 shares of the auto parts company’s stock valued at $49,579,000 after purchasing an additional 22,163 shares during the period. Finally, Royce & Associates LP grew its holdings in shares of Lydall by 14.4% in the second quarter. Royce & Associates LP now owns 417,210 shares of the auto parts company’s stock valued at $21,570,000 after purchasing an additional 52,484 shares during the period. 89.08% of the stock is owned by hedge funds and other institutional investors.
Lydall Company Profile
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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