Lydall, Inc. (NYSE:LDL) has been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Analysts have set a one year consensus price objective of $56.00 for the company and are anticipating that the company will post $0.74 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Lydall an industry rank of 83 out of 255 based on the ratings given to related companies.
Several research analysts have commented on LDL shares. Zacks Investment Research cut shares of Lydall from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th. Roth Capital decreased their target price on shares of Lydall from $63.00 to $56.00 and set a “buy” rating for the company in a report on Monday, February 26th. Finally, ValuEngine cut shares of Lydall from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd.
Shares of Lydall traded up $0.40, hitting $42.90, during trading hours on Monday, MarketBeat Ratings reports. 1,979 shares of the company’s stock traded hands, compared to its average volume of 89,030. Lydall has a 52 week low of $37.50 and a 52 week high of $60.00. The company has a current ratio of 2.68, a quick ratio of 2.02 and a debt-to-equity ratio of 0.21. The firm has a market cap of $751.44 million, a price-to-earnings ratio of 15.28 and a beta of 1.46.
Lydall (NYSE:LDL) last posted its quarterly earnings data on Wednesday, May 2nd. The auto parts company reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.08). Lydall had a net margin of 6.67% and a return on equity of 13.75%. The business had revenue of $191.70 million for the quarter, compared to the consensus estimate of $171.78 million. During the same quarter last year, the business posted $0.74 EPS. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. research analysts forecast that Lydall will post 2.91 earnings per share for the current year.
In other Lydall news, insider Joseph A. Abbruzzi sold 3,663 shares of the firm’s stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $48.07, for a total value of $176,080.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph A. Abbruzzi sold 2,050 shares of the firm’s stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $49.00, for a total transaction of $100,450.00. Following the completion of the transaction, the insider now owns 43,287 shares of the company’s stock, valued at $2,121,063. The disclosure for this sale can be found here. Company insiders own 4.43% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its holdings in shares of Lydall by 1.5% in the first quarter. BlackRock Inc. now owns 2,200,750 shares of the auto parts company’s stock worth $106,187,000 after buying an additional 31,736 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Lydall by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,033,860 shares of the auto parts company’s stock worth $49,884,000 after buying an additional 24,754 shares during the period. Westwood Holdings Group Inc. lifted its position in shares of Lydall by 13.2% in the first quarter. Westwood Holdings Group Inc. now owns 305,209 shares of the auto parts company’s stock worth $14,726,000 after purchasing an additional 35,496 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Lydall by 3.2% in the first quarter. Stifel Financial Corp now owns 286,004 shares of the auto parts company’s stock worth $13,838,000 after purchasing an additional 8,792 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Lydall by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 142,562 shares of the auto parts company’s stock worth $7,235,000 after purchasing an additional 4,678 shares in the last quarter. Institutional investors own 91.72% 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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