Lydall, Inc. (NYSE:LDL) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Friday.

A number of other brokerages have also weighed in on LDL. Roth Capital set a $63.00 price target on shares of Lydall and gave the company a “buy” rating in a research note on Saturday, May 20th. ValuEngine raised shares of Lydall from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $60.50.

Shares of Lydall (LDL) traded up 1.12% during midday trading on Friday, hitting $49.50. The stock had a trading volume of 74,434 shares. The stock has a market cap of $853.03 million, a PE ratio of 20.37 and a beta of 1.68. Lydall has a 52-week low of $43.65 and a 52-week high of $64.85. The firm has a 50 day moving average price of $50.86 and a 200-day moving average price of $53.03.

Lydall (NYSE:LDL) last issued its quarterly earnings results 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. The firm had revenue of $174.88 million for the quarter, compared to analyst estimates of $174.98 million. Lydall had a net margin of 6.56% and a return on equity of 17.43%. Lydall’s quarterly revenue was up 27.4% compared to the same quarter last year. Equities analysts predict that Lydall will post $2.97 EPS for the current fiscal year.

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In other Lydall news, CAO James V. Laughlan sold 4,700 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $52.69, for a total value of $247,643.00. Following the completion of the sale, the chief accounting officer now owns 19,743 shares in the company, valued at approximately $1,040,258.67. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Chad A. Mcdaniel sold 3,500 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $54.06, for a total transaction of $189,210.00. Following the completion of the sale, the senior vice president now owns 36,236 shares of the company’s stock, valued at approximately $1,958,918.16. The disclosure for this sale can be found here. 5.02% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in LDL. BlackRock Inc. increased its stake in 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 buying an additional 2,078,322 shares during the last quarter. Champlain Investment Partners LLC increased its stake in Lydall by 15.6% in the first quarter. Champlain Investment Partners LLC now owns 1,073,070 shares of the auto parts company’s stock worth $57,517,000 after buying an additional 144,425 shares during the last quarter. Vanguard Group Inc. increased its stake in Lydall by 2.5% in the first quarter. Vanguard Group Inc. now owns 924,988 shares of the auto parts company’s stock worth $49,579,000 after buying an additional 22,163 shares during the last quarter. Renaissance Technologies LLC increased its stake in Lydall by 7.7% in the first quarter. Renaissance Technologies LLC now owns 395,800 shares of the auto parts company’s stock worth $21,215,000 after buying an additional 28,400 shares during the last quarter. Finally, Rothschild Asset Management Inc. increased its stake in Lydall by 2.2% in the second quarter. Rothschild Asset Management Inc. now owns 373,767 shares of the auto parts company’s stock worth $19,324,000 after buying an additional 7,989 shares during the last quarter. Institutional investors own 88.45% of the company’s stock.

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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