Lydall (LDL) Upgraded by ValuEngine to “Hold”

ValuEngine upgraded shares of Lydall (NYSE:LDL) from a sell rating to a hold rating in a research note issued to investors on Thursday.

Other analysts have also issued research reports about the company. TheStreet lowered Lydall from a b- rating to a c+ rating in a research report on Tuesday, October 23rd. Zacks Investment Research upgraded shares of Lydall from a sell rating to a hold rating in a research note on Tuesday, October 16th. Finally, Roth Capital downgraded shares of Lydall from a buy rating to a neutral rating and lowered their target price for the stock from $53.00 to $29.00 in a research note on Wednesday, November 7th.

NYSE LDL traded up $0.21 on Thursday, reaching $23.33. The stock had a trading volume of 107,421 shares, compared to its average volume of 136,090. The firm has a market cap of $399.50 million, a price-to-earnings ratio of 8.33 and a beta of 1.61. The company has a quick ratio of 1.90, a current ratio of 2.60 and a debt-to-equity ratio of 0.87. Lydall has a 12-month low of $18.47 and a 12-month high of $50.60.

Lydall (NYSE:LDL) last announced its earnings results on Tuesday, November 6th. The auto parts company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.13). The firm had revenue of $197.90 million during the quarter, compared to analysts’ expectations of $197.85 million. Lydall had a net margin of 5.47% and a return on equity of 12.07%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 EPS. Analysts anticipate that Lydall will post 2.27 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. Ancora Advisors LLC acquired a new position in shares of Lydall during the third quarter worth $215,000. Diversified Trust Co acquired a new position in shares of Lydall during the third quarter worth $216,000. SG Americas Securities LLC acquired a new position in Lydall in the second quarter valued at $290,000. OppenheimerFunds Inc. boosted its stake in Lydall by 22.3% in the second quarter. OppenheimerFunds Inc. now owns 10,837 shares of the auto parts company’s stock valued at $473,000 after acquiring an additional 1,977 shares in the last quarter. Finally, Virginia Retirement Systems ET AL acquired a new position in Lydall in the third quarter valued at $478,000. Hedge funds and other institutional investors own 91.41% of the company’s stock.

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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