Lydall, Inc. (NYSE:LDL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

According to Zacks, “Lydall, Inc. develops and manufactures engineered materials for a variety of applications. The Firm develops and manufactures engineered specialty papers, automotive heat shields, acoustical barriers, and medical filtration and bioprocessing components. It operates through the following segments: Performance Materials; Technical Nonwovens; Thermal and Acoustical Metals; and Thermal and Acoustical Fibers. The Performance Materials segment includes filtration, thermal insulation and life sciences filtration businesses. The Technical Nonwovens segment includes its industrial filtration and advanced materials products. The Thermal/Acoustical Metals segment includes its metal parts and related tooling used in automotive applications. The Thermal/Acoustical Fibers segment includes its fiber parts business and related tooling used in automotive applications. Its Filtration products include LydAir MG (Micro-Glass) Air Filtration Media, LydAir MB (Melt Blown) Air Filtration Media and Arioso Membrane Composite Media. “

LDL has been the topic of a number of other reports. BidaskClub lowered shares of Lydall from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th. Sidoti upgraded shares of Lydall from a “neutral” rating to a “buy” rating and set a $62.00 price objective on the stock in a report on Wednesday, September 13th. ValuEngine downgraded shares of Lydall from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Roth Capital set a $63.00 target price on shares of Lydall and gave the company a “buy” rating in a research report on Monday, June 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Lydall currently has an average rating of “Hold” and a consensus price target of $62.50.

Lydall (LDL) traded down 0.68% during trading on Wednesday, reaching $58.15. 57,250 shares of the company’s stock traded hands. The company has a 50 day moving average price of $50.94 and a 200-day moving average price of $50.96. Lydall has a 12-month low of $44.14 and a 12-month high of $64.85. The company has a market cap of $1.00 billion, a PE ratio of 23.93 and a beta of 1.73.

Lydall (NYSE:LDL) last announced its quarterly earnings data on Tuesday, August 1st. The auto parts company reported $0.80 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $174.98 million. Lydall’s revenue was up 27.4% compared to the same quarter last year. On average, equities research analysts forecast that Lydall will post $2.91 EPS for the current fiscal year.

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In related news, insider Joseph A. Abbruzzi sold 2,795 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $52.72, for a total value of $147,352.40. Following the transaction, the insider now directly owns 39,685 shares of the company’s stock, valued at approximately $2,092,193.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.02% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of LDL. PNC Financial Services Group Inc. grew its position in shares of Lydall by 0.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,044 shares of the auto parts company’s stock valued at $110,000 after buying an additional 16 shares during the last quarter. Pinebridge Investments L.P. grew its position in shares of Lydall by 1.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 2,270 shares of the auto parts company’s stock valued at $118,000 after buying an additional 22 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Lydall by 12.0% in the 1st quarter. Victory Capital Management Inc. now owns 3,138 shares of the auto parts company’s stock valued at $168,000 after buying an additional 336 shares during the last quarter. Creative Planning grew its position in shares of Lydall by 42.8% in the 2nd quarter. Creative Planning now owns 3,335 shares of the auto parts company’s stock valued at $172,000 after buying an additional 1,000 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its position in shares of Lydall by 77.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,381 shares of the auto parts company’s stock valued at $174,000 after buying an additional 1,481 shares during the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

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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