Analysts Set $62.50 Target Price for Lydall, Inc. (LDL)

Lydall, Inc. (NYSE:LDL) has been given a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.

Analysts have set a 1 year consensus price target of $62.50 for the company and are predicting that the company will post $0.62 earnings per share for the current quarter, according to Zacks. Zacks has also given Lydall an industry rank of 107 out of 265 based on the ratings given to related companies.

Several research analysts have recently commented on LDL shares. Zacks Investment Research downgraded Lydall from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 7th. ValuEngine downgraded Lydall from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd.

Lydall (LDL) opened at $43.80 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.91 and a current ratio of 2.67. Lydall has a one year low of $42.51 and a one year high of $60.50. The company has a market capitalization of $761.23, a P/E ratio of 18.88 and a beta of 1.50.

In related news, CAO James V. Laughlan sold 2,275 shares of the business’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $54.58, for a total value of $124,169.50. Following the completion of the sale, the chief accounting officer now directly owns 13,127 shares in the company, valued at approximately $716,471.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dale G. Barnhart sold 12,685 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $53.90, for a total value of $683,721.50. The disclosure for this sale can be found here. Insiders have sold a total of 34,113 shares of company stock valued at $1,872,557 over the last quarter. 5.02% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LDL. Chartwell Investment Partners LLC boosted its stake in Lydall by 99.0% in the 3rd quarter. Chartwell Investment Partners LLC now owns 208,868 shares of the auto parts company’s stock valued at $11,968,000 after purchasing an additional 103,887 shares during the period. BlackRock Inc. boosted its stake in Lydall by 3.4% in the 4th quarter. BlackRock Inc. now owns 2,169,014 shares of the auto parts company’s stock valued at $110,078,000 after purchasing an additional 70,388 shares during the period. American Century Companies Inc. boosted its stake in Lydall by 501.1% in the 4th quarter. American Century Companies Inc. now owns 49,695 shares of the auto parts company’s stock valued at $2,522,000 after purchasing an additional 41,427 shares during the period. Cadence Capital Management LLC bought a new stake in Lydall in the 4th quarter valued at $1,724,000. Finally, Investment Counselors of Maryland LLC boosted its stake in Lydall by 8.1% in the 3rd quarter. Investment Counselors of Maryland LLC now owns 402,241 shares of the auto parts company’s stock valued at $23,048,000 after purchasing an additional 30,260 shares during the period. Institutional investors and hedge funds own 90.32% of the company’s stock.

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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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