Shares of Lydall, Inc. (NYSE:LDL) have been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation. Lydall’s rating score has improved by 50% in the last 90 days as a result of various analysts’ upgrades and downgrades.

Analysts have set a 12-month consensus price target of $62.50 for the company and are predicting that the company will post $0.62 EPS for the current quarter, according to Zacks. Zacks has also given Lydall an industry rank of 112 out of 265 based on the ratings given to related companies.

A number of brokerages have issued reports on LDL. BidaskClub downgraded shares of Lydall from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. ValuEngine downgraded shares of Lydall from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Zacks Investment Research downgraded shares of Lydall from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. 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 research note on Wednesday, September 13th. Finally, 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, July 31st.

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In other news, insider Joseph A. Abbruzzi sold 2,795 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $52.72, for a total value of $147,352.40. Following the completion of the transaction, the insider now owns 39,685 shares of the company’s stock, valued at $2,092,193.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.02% of the company’s stock.

Several hedge funds have recently bought and sold shares of LDL. BlackRock Inc. lifted its holdings in shares of 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 acquiring an additional 2,078,322 shares during the last quarter. Westwood Holdings Group Inc. bought a new position in shares of Lydall in the second quarter worth about $9,303,000. Chartwell Investment Partners LLC bought a new position in shares of Lydall in the second quarter worth about $5,428,000. Kennedy Capital Management Inc. bought a new position in shares of Lydall in the second quarter worth about $5,156,000. Finally, Royal Bank of Canada lifted its holdings in shares of Lydall by 6.7% in the second quarter. Royal Bank of Canada now owns 989,335 shares of the auto parts company’s stock worth $51,149,000 after acquiring an additional 61,944 shares during the last quarter. 88.57% of the stock is owned by hedge funds and other institutional investors.

Lydall (NYSE LDL) traded down $1.10 during mid-day trading on Friday, hitting $55.30. 82,203 shares of the company traded hands, compared to its average volume of 71,537. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.67 and a quick ratio of 1.91. Lydall has a fifty-two week low of $45.45 and a fifty-two week high of $64.85. The firm has a market capitalization of $953.48, a P/E ratio of 21.14 and a beta of 1.67.

Lydall (NYSE:LDL) last announced its quarterly earnings data on Tuesday, October 31st. The auto parts company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.08). The firm had revenue of $180.00 million for the quarter, compared to analyst estimates of $172.21 million. Lydall had a return on equity of 15.22% and a net margin of 6.00%. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. equities research analysts anticipate that Lydall will post 2.92 earnings per share for the current fiscal 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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