Lydall, Inc. (NYSE:LDL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Lydall, Inc. develops and manufactures engineered materials for a variety of applications. The Firm develops and manufactures engineered specialty papers, automotive heat shields, acoustical barriers, and medical filtration and bioprocessing components. It operates through the following segments: Performance Materials; Technical Nonwovens; Thermal and Acoustical Metals; and Thermal and Acoustical Fibers. The Performance Materials segment includes filtration, thermal insulation and life sciences filtration businesses. The Technical Nonwovens segment includes its industrial filtration and advanced materials products. The Thermal/Acoustical Metals segment includes its metal parts and related tooling used in automotive applications. The Thermal/Acoustical Fibers segment includes its fiber parts business and related tooling used in automotive applications. Its Filtration products include LydAir MG (Micro-Glass) Air Filtration Media, LydAir MB (Melt Blown) Air Filtration Media and Arioso Membrane Composite Media. “

A number of other equities analysts have also weighed in on LDL. Roth Capital set a $63.00 target price on shares of Lydall and gave the stock a “buy” rating in a research note on Monday, July 31st. ValuEngine downgraded shares of Lydall from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Sidoti upgraded shares of Lydall from a “neutral” rating to a “buy” rating and set a $62.00 price objective for the company in a research note on Wednesday, September 13th. Finally, BidaskClub downgraded shares of Lydall from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $62.50.

Shares of Lydall (NYSE LDL) traded down 0.68% during mid-day trading on Wednesday, hitting $58.15. The stock had a trading volume of 57,250 shares. The stock’s 50-day moving average price is $50.94 and its 200-day moving average price is $50.96. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 23.93 and a beta of 1.73. Lydall has a 12-month low of $44.14 and a 12-month high of $64.85.

Lydall (NYSE:LDL) last announced its earnings results on Tuesday, August 1st. The auto parts company reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.10. The firm had revenue of $174.88 million during the quarter, compared to analyst estimates of $174.98 million. Lydall had a net margin of 6.56% and a return on equity of 17.43%. The firm’s revenue was up 27.4% on a year-over-year basis. On average, equities analysts anticipate that Lydall will post $2.91 EPS for the current fiscal year.

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In other news, insider Joseph A. Abbruzzi sold 2,795 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $52.72, for a total transaction of $147,352.40. Following the completion of the transaction, the insider now directly owns 39,685 shares in the company, valued at approximately $2,092,193.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 5.02% of the company’s stock.

Several institutional investors have recently bought and sold shares of LDL. PNC Financial Services Group Inc. boosted its stake in shares of Lydall by 0.8% during the 1st 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 during the last quarter. Pinebridge Investments L.P. boosted its stake in shares of Lydall by 1.0% during the 2nd 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 during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Lydall by 12.0% during the 1st quarter. Victory Capital Management Inc. now owns 3,138 shares of the auto parts company’s stock worth $168,000 after buying an additional 336 shares during the last quarter. Creative Planning boosted its stake in shares of Lydall by 42.8% during the 2nd quarter. Creative Planning now owns 3,335 shares of the auto parts company’s stock worth $172,000 after buying an additional 1,000 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of Lydall by 77.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,381 shares of the auto parts company’s stock worth $174,000 after buying an additional 1,481 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

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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