Shares of Lydall, Inc. (NYSE:LDL) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating. Lydall’s rating score has improved by 50% from three months ago as a result of various analysts’ ratings changes.
Analysts have set a one year consensus price target of $48.00 for the company, according to Zacks. Zacks has also given Lydall an industry rank of 73 out of 256 based on the ratings given to related companies.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Lydall from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 7th. ValuEngine raised shares of Lydall from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Roth Capital set a $24.00 target price on shares of Lydall and gave the company a “hold” rating in a research note on Thursday, May 2nd. Finally, Sidoti lowered their target price on shares of Lydall from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, February 26th.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Lydall by 1.5% in the first quarter. BlackRock Inc. now owns 2,605,184 shares of the auto parts company’s stock valued at $61,118,000 after purchasing an additional 39,084 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Lydall by 11.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,341,777 shares of the auto parts company’s stock valued at $31,478,000 after acquiring an additional 137,989 shares during the last quarter. Vanguard Group Inc. grew its position in Lydall by 0.9% during the third quarter. Vanguard Group Inc. now owns 989,036 shares of the auto parts company’s stock valued at $42,627,000 after acquiring an additional 9,137 shares during the last quarter. Westwood Holdings Group Inc. grew its position in Lydall by 20.5% during the first quarter. Westwood Holdings Group Inc. now owns 684,380 shares of the auto parts company’s stock valued at $16,056,000 after acquiring an additional 116,369 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its position in Lydall by 9.8% during the first quarter. Neuberger Berman Group LLC now owns 503,256 shares of the auto parts company’s stock valued at $11,807,000 after acquiring an additional 44,792 shares during the last quarter. 89.53% of the stock is currently owned by institutional investors and hedge funds.
Shares of Lydall stock opened at $19.83 on Friday. Lydall has a 12-month low of $17.90 and a 12-month high of $48.45. The stock has a market capitalization of $316.96 million, a PE ratio of 8.16 and a beta of 1.90. The company has a current ratio of 2.34, a quick ratio of 1.70 and a debt-to-equity ratio of 0.82.
Lydall (NYSE:LDL) last announced its quarterly earnings results on Tuesday, April 30th. The auto parts company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.15). Lydall had a return on equity of 9.51% and a net margin of 3.42%. The firm had revenue of $218.03 million during the quarter, compared to analysts’ expectations of $223.18 million. During the same period in the previous year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 13.8% compared to the same quarter last year.
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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