Zacks: Lydall, Inc. (LDL) Given Average Recommendation of “Strong Buy” by Analysts

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.

About Lydall

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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