Lydall (LDL) Downgraded by ValuEngine

Lydall (NYSE:LDL) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday.

Separately, Zacks Investment Research cut Lydall from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $62.50.

Shares of Lydall (LDL) traded down $0.65 during mid-day trading on Friday, hitting $46.95. The stock had a trading volume of 123,929 shares, compared to its average volume of 65,103. Lydall has a 1 year low of $45.45 and a 1 year high of $62.30. The company has a quick ratio of 1.91, a current ratio of 2.67 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $809.51, a PE ratio of 20.41 and a beta of 1.50.

In other news, Director S Carl Soderstrom, Jr. sold 1,588 shares of Lydall stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $55.00, for a total value of $87,340.00. Following the sale, the director now directly owns 20,121 shares of the company’s stock, valued at $1,106,655. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Chad A. Mcdaniel sold 10,912 shares of Lydall stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $55.68, for a total value of $607,580.16. The disclosure for this sale can be found here. Insiders sold 35,701 shares of company stock worth $1,959,897 over the last ninety days. Insiders own 5.02% of the company’s stock.

Hedge funds have recently modified their holdings of the company. State of Wisconsin Investment Board bought a new stake in Lydall during the third quarter worth approximately $1,356,000. Crossmark Global Holdings Inc. bought a new stake in Lydall during the third quarter worth approximately $366,000. BNP Paribas Arbitrage SA increased its stake in Lydall by 58.8% during the third quarter. BNP Paribas Arbitrage SA now owns 8,709 shares of the auto parts company’s stock worth $499,000 after acquiring an additional 3,226 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in Lydall by 29.5% during the second quarter. Parametric Portfolio Associates LLC now owns 32,520 shares of the auto parts company’s stock worth $1,681,000 after acquiring an additional 7,414 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in Lydall by 6.7% during the third quarter. Stifel Financial Corp now owns 275,783 shares of the auto parts company’s stock worth $15,781,000 after acquiring an additional 17,254 shares during the last quarter. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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