Zacks: Analysts Set $48.00 Target Price for Lydall, Inc. (NYSE:LDL)

Shares of Lydall, Inc. (NYSE:LDL) have 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 equities research analyst has rated the stock with a strong buy recommendation. Lydall’s rating score has improved by 50% from three months ago as a result of various analysts’ upgrades and downgrades.

Brokers have set a twelve-month consensus target price of $48.00 for the company, according to Zacks. Zacks has also assigned Lydall an industry rank of 48 out of 256 based on the ratings given to its competitors.

LDL has been the subject of a number of analyst reports. Roth Capital set a $24.00 price target on Lydall and gave the stock a “hold” rating in a research report on Thursday, May 2nd. ValuEngine cut Whiting USA Trust II from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. Finally, Zacks Investment Research cut GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th.

LDL stock traded up $0.36 during trading on Friday, reaching $19.33. The stock had a trading volume of 84,457 shares, compared to its average volume of 92,268. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.70 and a current ratio of 2.34. The firm’s 50 day moving average is $19.46. The company has a market capitalization of $332.56 million, a price-to-earnings ratio of 7.95 and a beta of 1.91. Lydall has a 52 week low of $17.90 and a 52 week high of $48.45.

Lydall (NYSE:LDL) last issued its quarterly earnings results on Tuesday, April 30th. The auto parts company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.15). The company had revenue of $218.03 million during the quarter, compared to analysts’ expectations of $223.18 million. Lydall had a return on equity of 9.51% and a net margin of 3.42%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.67 EPS.

In related 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 transaction of $66,466.74. Following the completion of the sale, the insider now owns 47,020 shares in the company, valued at $929,585.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.85% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in Lydall by 3.6% during the 4th quarter. BlackRock Inc. now owns 2,566,100 shares of the auto parts company’s stock valued at $52,118,000 after buying an additional 88,136 shares in the last quarter. Westwood Holdings Group Inc. grew its holdings in Lydall by 20.5% during the 1st quarter. Westwood Holdings Group Inc. now owns 684,380 shares of the auto parts company’s stock valued at $16,056,000 after buying an additional 116,369 shares in the last quarter. Tributary Capital Management LLC grew its holdings in Lydall by 16.4% during the 1st quarter. Tributary Capital Management LLC now owns 376,974 shares of the auto parts company’s stock valued at $8,844,000 after buying an additional 53,200 shares in the last quarter. Royce & Associates LP grew its holdings in Lydall by 153.2% during the 1st quarter. Royce & Associates LP now owns 304,728 shares of the auto parts company’s stock valued at $7,149,000 after buying an additional 184,400 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Lydall by 18.0% during the 4th quarter. Bank of New York Mellon Corp now owns 272,054 shares of the auto parts company’s stock valued at $5,526,000 after buying an additional 41,584 shares in the last quarter. Institutional investors and hedge funds own 89.53% 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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