Lydall, Inc. (NYSE:LDL) has received an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 1-year consensus target price of $48.00 for the company, according to Zacks. Zacks has also given Lydall an industry rank of 27 out of 256 based on the ratings given to its competitors.
In other Lydall news, insider Joseph A. Abbruzzi sold 3,362 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $19.77, for a total value of $66,466.74. Following the completion of the sale, the insider now directly owns 47,020 shares in the company, valued at $929,585.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.85% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. Quantamental Technologies LLC bought a new stake in shares of Lydall in the second quarter worth about $34,000. Bank of Montreal Can increased its holdings in shares of Lydall by 67.5% in the second quarter. Bank of Montreal Can now owns 2,947 shares of the auto parts company’s stock worth $59,000 after acquiring an additional 1,188 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Lydall by 501.0% in the first quarter. BNP Paribas Arbitrage SA now owns 3,522 shares of the auto parts company’s stock worth $83,000 after acquiring an additional 2,936 shares in the last quarter. Meadow Creek Investment Management LLC increased its holdings in shares of Lydall by 16.3% in the second quarter. Meadow Creek Investment Management LLC now owns 4,396 shares of the auto parts company’s stock worth $89,000 after acquiring an additional 616 shares in the last quarter. Finally, Glen Harbor Capital Management LLC increased its holdings in shares of Lydall by 16.3% in the second quarter. Glen Harbor Capital Management LLC now owns 5,338 shares of the auto parts company’s stock worth $108,000 after acquiring an additional 748 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.
Shares of Lydall stock traded down $0.54 during trading hours on Wednesday, hitting $24.74. The company’s stock had a trading volume of 114,200 shares, compared to its average volume of 116,487. Lydall has a 12 month low of $17.90 and a 12 month high of $44.03. The stock has a 50 day moving average of $21.42 and a 200 day moving average of $21.82. The company has a market capitalization of $467.12 million, a PE ratio of 15.22 and a beta of 1.93. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.40 and a quick ratio of 1.73.
Lydall (NYSE:LDL) last announced its quarterly earnings results on Tuesday, July 30th. The auto parts company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.03. Lydall had a return on equity of 8.04% and a net margin of 1.23%. The company had revenue of $220.80 million during the quarter, compared to the consensus estimate of $226.97 million. During the same period in the prior year, the company earned $0.70 earnings per share. The company’s revenue for the quarter was up 59.5% 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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