Lydall (LDL) Stock Rating Upgraded by Zacks Investment Research

Lydall (NYSE:LDL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “Lydall, Inc. is a New York Stock Exchange listed company, headquartered in Manchester, Connecticut with global manufacturing operations producing specialty engineered products for the thermal/acoustical and filtration/separation markets. The company develops and manufactures engineered materials for a variety of applications. Lydall Inc., operates through the following business segments: Performance Materials segment, Technical Nonwovens segment, Thermal and Acoustical Metals segment and Thermal and Acoustical Fibers segment. With operations in Europe, North America, and Asia Lydall, Inc., provides a wide range of engineered products designed and manufactured for industrial applications. Lydall’s products are found primarily in underbody and under hood applications within vehicles. Lydall, Inc. is headquartered in Manchester, CT. “

Other equities analysts have also issued research reports about the stock. Roth Capital set a $53.00 price objective on shares of Lydall and gave the company a “buy” rating in a research report on Monday, August 13th. ValuEngine raised shares of Lydall from a “sell” rating to a “hold” rating in a research report on Thursday, July 12th.

Shares of LDL opened at $35.21 on Tuesday. The company has a quick ratio of 2.08, a current ratio of 2.82 and a debt-to-equity ratio of 0.21. The stock has a market cap of $749.07 million, a price-to-earnings ratio of 12.58 and a beta of 1.42. Lydall has a 12-month low of $34.10 and a 12-month high of $60.00.

Lydall (NYSE:LDL) last posted its quarterly earnings data on Wednesday, August 1st. The auto parts company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.01). The firm had revenue of $186.40 million during the quarter, compared to analyst estimates of $181.65 million. Lydall had a net margin of 6.20% and a return on equity of 12.74%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 EPS. As a group, research analysts anticipate that Lydall will post 2.53 earnings per share for the current year.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Lydall by 8.7% in the second quarter. BlackRock Inc. now owns 2,392,586 shares of the auto parts company’s stock valued at $104,437,000 after buying an additional 191,836 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Lydall by 9.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,132,616 shares of the auto parts company’s stock valued at $49,439,000 after purchasing an additional 98,756 shares during the period. Investment Counselors of Maryland LLC grew its holdings in Lydall by 19.6% in the second quarter. Investment Counselors of Maryland LLC now owns 484,793 shares of the auto parts company’s stock valued at $21,161,000 after purchasing an additional 79,362 shares during the period. Tributary Capital Management LLC grew its holdings in Lydall by 112.8% in the third quarter. Tributary Capital Management LLC now owns 328,019 shares of the auto parts company’s stock valued at $14,138,000 after purchasing an additional 173,868 shares during the period. Finally, Royce & Associates LP grew its holdings in Lydall by 3.5% in the second quarter. Royce & Associates LP now owns 288,930 shares of the auto parts company’s stock valued at $12,612,000 after purchasing an additional 9,800 shares during the period. 91.28% of the stock is owned by institutional investors and hedge funds.

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.

Read More: What is the NASDAQ?

Get a free copy of the Zacks research report on Lydall (LDL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Lydall Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lydall and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply