Lydall, Inc. (NYSE:LDL) was upgraded by Sidoti from a “neutral” rating to a “buy” rating in a research note issued to investors on Wednesday, The Fly reports.

A number of other analysts have also recently weighed in on the stock. BidaskClub cut shares of Lydall from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. ValuEngine upgraded shares of Lydall from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Roth Capital set a $63.00 price objective on shares of Lydall and gave the stock a “buy” rating in a research note on Monday, June 26th. Finally, Zacks Investment Research cut shares of Lydall from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $60.50.

Shares of Lydall (NYSE:LDL) opened at 47.55 on Wednesday. The firm has a market cap of $819.43 million, a price-to-earnings ratio of 19.57 and a beta of 1.71. Lydall has a 52-week low of $44.14 and a 52-week high of $64.85. The stock has a 50 day moving average of $47.81 and a 200 day moving average of $50.53.

Lydall (NYSE:LDL) last issued its quarterly earnings data on Tuesday, August 1st. The auto parts company reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.10. Lydall had a net margin of 6.56% and a return on equity of 17.43%. The business had revenue of $174.88 million during the quarter, compared to analysts’ expectations of $174.98 million. Lydall’s revenue was up 27.4% compared to the same quarter last year. Equities analysts predict that Lydall will post $2.91 EPS for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in LDL. State of Alaska Department of Revenue increased its position in Lydall by 2.2% during the first quarter. State of Alaska Department of Revenue now owns 1,900 shares of the auto parts company’s stock worth $101,000 after acquiring an additional 40 shares during the period. LS Investment Advisors LLC increased its position in Lydall by 216.6% during the first quarter. LS Investment Advisors LLC now owns 2,061 shares of the auto parts company’s stock worth $110,000 after acquiring an additional 1,410 shares during the period. PNC Financial Services Group Inc. increased its position in Lydall by 0.8% during the first quarter. PNC Financial Services Group Inc. now owns 2,044 shares of the auto parts company’s stock worth $110,000 after acquiring an additional 16 shares during the period. Pinebridge Investments L.P. increased its position in Lydall by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 2,270 shares of the auto parts company’s stock worth $118,000 after acquiring an additional 22 shares during the period. Finally, Victory Capital Management Inc. increased its position in Lydall by 12.0% during the first quarter. Victory Capital Management Inc. now owns 3,138 shares of the auto parts company’s stock worth $168,000 after acquiring an additional 336 shares during the period. 89.08% of the stock is currently owned by institutional investors and hedge funds.

About Lydall

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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