Lydall (LDL) Downgraded to Hold at ValuEngine

ValuEngine cut shares of Lydall (NYSE:LDL) from a buy rating to a hold rating in a research note released on Friday.

Separately, Zacks Investment Research lowered Lydall from a hold rating to a strong sell rating in a report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Lydall presently has an average rating of Hold and a consensus price target of $62.50.

Lydall (LDL) traded down $0.65 during trading hours on Friday, reaching $46.95. The company had a trading volume of 123,929 shares, compared to its average volume of 69,617. Lydall has a one year low of $45.45 and a one year high of $62.30. The stock has a market cap of $820.71, a price-to-earnings ratio of 20.24 and a beta of 1.50. The company has a quick ratio of 1.91, a current ratio of 2.67 and a debt-to-equity ratio of 0.28.

Lydall (NYSE:LDL) last released its quarterly earnings results on Tuesday, October 31st. The auto parts company reported $0.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.08). Lydall had a net margin of 6.00% and a return on equity of 15.22%. The company had revenue of $180.00 million for the quarter, compared to analysts’ expectations of $172.21 million. The business’s revenue was up 15.6% on a year-over-year basis. analysts anticipate that Lydall will post 2.76 earnings per share for the current fiscal year.

In related news, Director William D. Gurley sold 3,252 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $55.15, for a total transaction of $179,347.80. Following the sale, the director now owns 49,647 shares in the company, valued at approximately $2,738,032.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO James V. Laughlan sold 2,275 shares of the stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $54.58, for a total value of $124,169.50. Following the sale, the chief accounting officer now owns 13,127 shares in the company, valued at approximately $716,471.66. The disclosure for this sale can be found here. Insiders have sold a total of 35,701 shares of company stock worth $1,959,897 in the last 90 days. 5.02% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in LDL. Pinebridge Investments L.P. increased its stake in Lydall by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 2,270 shares of the auto parts company’s stock worth $118,000 after purchasing an additional 22 shares during the period. SG Americas Securities LLC purchased a new stake in Lydall in the third quarter worth $165,000. Algert Global LLC purchased a new stake in Lydall in the fourth quarter worth $206,000. Piedmont Investment Advisors LLC purchased a new stake in Lydall in the third quarter worth $215,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Lydall in the second quarter worth $278,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

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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.

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