Brokerages Expect Lydall, Inc. (LDL) to Post $0.70 EPS
Shares of Lydall, Inc. (NYSE:LDL) have been given a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Analysts have set a 12 month consensus price objective of $58.50 for the company and are forecasting that the company will post $0.70 earnings per share for the current quarter, according to Zacks. Zacks has also given Lydall an industry rank of 57 out of 265 based on the ratings given to related companies.
Several analysts have weighed in on LDL shares. Roth Capital set a $63.00 price objective on Lydall and gave the company a “buy” rating in a research report on Saturday, May 20th. ValuEngine upgraded shares of Lydall from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, BidaskClub lowered shares of Lydall from a “hold” rating to a “sell” rating in a report on Sunday.
In other news, SVP Chad A. Mcdaniel sold 3,500 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $54.06, for a total transaction of $189,210.00. Following the sale, the senior vice president now directly owns 36,236 shares in the company, valued at approximately $1,958,918.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO James V. Laughlan sold 4,700 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $52.69, for a total transaction of $247,643.00. Following the sale, the chief accounting officer now owns 19,743 shares in the company, valued at $1,040,258.67. The disclosure for this sale can be found here. 5.02% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Lydall by 168,285.2% in the first quarter. BlackRock Inc. now owns 2,079,557 shares of the auto parts company’s stock worth $111,465,000 after buying an additional 2,078,322 shares during the period. Champlain Investment Partners LLC increased its position in shares of Lydall by 15.6% in the first quarter. Champlain Investment Partners LLC now owns 1,073,070 shares of the auto parts company’s stock worth $57,517,000 after buying an additional 144,425 shares in the last quarter. Royce & Associates LP increased its position in shares of Lydall by 44.0% in the first quarter. Royce & Associates LP now owns 364,726 shares of the auto parts company’s stock worth $19,549,000 after buying an additional 111,513 shares in the last quarter. Lyon Street Capital LLC bought a new position in shares of Lydall during the first quarter worth approximately $1,918,000. Finally, Stifel Financial Corp increased its position in shares of Lydall by 19.0% in the first quarter. Stifel Financial Corp now owns 220,596 shares of the auto parts company’s stock worth $11,816,000 after buying an additional 35,295 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.
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Lydall (LDL) traded down 0.88% during midday trading on Thursday, hitting $50.55. The company’s stock had a trading volume of 5,953 shares. Lydall has a 52-week low of $43.32 and a 52-week high of $64.85. The company has a market cap of $870.88 million, a PE ratio of 21.98 and a beta of 1.70. The stock has a 50 day moving average of $51.55 and a 200 day moving average of $53.78.
Lydall (NYSE:LDL) last announced its quarterly earnings data on Thursday, May 4th. The auto parts company reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.17. The firm had revenue of $165.49 million for the quarter, compared to analysts’ expectations of $155.50 million. Lydall had a return on equity of 17.52% and a net margin of 6.59%. On average, equities analysts expect that Lydall will post $2.97 EPS for the current year.
Lydall Company Profile
Lydall, Inc designs and manufactures specialty engineered filtration media, industrial thermal insulating solutions, automotive thermal and acoustical barriers for filtration/separation and thermal/acoustical applications. The Company’s segments are Performance Materials, Technical Nonwovens, Thermal/Acoustical Metals and Thermal/Acoustical Fibers.
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