ValuEngine Lowers Lydall, Inc. (NYSE:LDL) to Hold

Lydall, Inc. (NYSE:LDL) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, July 11th.

Separately, Roth Capital set a $63.00 target price on Lydall and gave the company a “buy” rating in a research report on Saturday, May 20th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. Lydall presently has a consensus rating of “Hold” and an average price target of $60.50.

Lydall (LDL) opened at 46.60 on Tuesday. The stock has a 50 day moving average price of $49.90 and a 200-day moving average price of $52.55. The stock has a market cap of $803.06 million, a PE ratio of 19.18 and a beta of 1.68. Lydall has a 12 month low of $44.14 and a 12 month high of $64.85.

Lydall (NYSE:LDL) last released its quarterly earnings results on Tuesday, August 1st. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.10. Lydall had a return on equity of 17.43% and a net margin of 6.56%. The firm had revenue of $174.88 million for the quarter, compared to the consensus estimate of $174.98 million. The business’s quarterly revenue was up 27.4% compared to the same quarter last year. On average, analysts expect that Lydall will post $2.91 EPS for the current year.

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In related news, SVP Chad A. Mcdaniel sold 3,500 shares of Lydall stock in a transaction dated 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 owns 36,236 shares of the company’s stock, valued at $1,958,918.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO James V. Laughlan sold 4,700 shares of Lydall stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $52.69, for a total value of $247,643.00. Following the completion of the sale, the chief accounting officer now directly owns 19,743 shares in the company, valued at approximately $1,040,258.67. The disclosure for this sale can be found here. 5.02% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position 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 worth $111,465,000 after buying an additional 2,078,322 shares during the period. Champlain Investment Partners LLC increased its position 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 worth $57,517,000 after buying an additional 144,425 shares during the period. Royce & Associates LP increased its position in shares of Lydall by 44.0% in the first quarter. Royce & Associates LP now owns 364,726 shares of the auto parts company’s stock worth $19,549,000 after buying an additional 111,513 shares during the period. Chartwell Investment Partners LLC acquired a new position in shares of Lydall during the second quarter worth $5,428,000. Finally, Kennedy Capital Management Inc. acquired a new position in shares of Lydall during the second quarter worth $5,156,000. 87.71% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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