Sidoti upgraded shares of Lydall, Inc. (NYSE:LDL) from a neutral rating to a buy rating in a research note issued to investors on Wednesday, MarketBeat reports. The brokerage currently has $62.00 price target on the auto parts company’s stock.

LDL has been the subject of a number of other research reports. BidaskClub cut shares of Lydall from a sell rating to a strong sell rating in a report on Friday, August 4th. ValuEngine cut shares of Lydall from a buy rating to a hold rating in a report on Tuesday, July 11th. Roth Capital set a $63.00 price objective on shares of Lydall and gave the company a buy rating in a report on Monday, June 26th. Finally, Zacks Investment Research cut shares of Lydall from a hold rating to a sell rating in a report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $61.00.

Lydall (NYSE LDL) opened at 53.25 on Wednesday. The company has a 50-day moving average of $47.98 and a 200 day moving average of $50.55. Lydall has a one year low of $44.14 and a one year high of $64.85. The company has a market cap of $917.66 million, a P/E ratio of 21.91 and a beta of 1.71.

Lydall (NYSE:LDL) last released its quarterly earnings data on Tuesday, August 1st. The auto parts company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.10. Lydall had a net margin of 6.56% and a return on equity of 17.43%. The company had revenue of $174.88 million during the quarter, compared to analysts’ expectations of $174.98 million. The company’s revenue was up 27.4% compared to the same quarter last year. Analysts anticipate that Lydall will post $2.91 earnings per share for the current year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royce & Associates LP increased its holdings in Lydall by 14.4% in the second quarter. Royce & Associates LP now owns 417,210 shares of the auto parts company’s stock valued at $21,570,000 after buying an additional 52,484 shares in the last quarter. Marshall Wace North America L.P. purchased a new position in Lydall in the second quarter valued at $596,000. Legal & General Group Plc increased its holdings in Lydall by 1.0% in the first quarter. Legal & General Group Plc now owns 28,316 shares of the auto parts company’s stock valued at $1,516,000 after buying an additional 277 shares in the last quarter. BlackRock Inc. increased its holdings 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 valued at $111,465,000 after buying an additional 2,078,322 shares in the last quarter. Finally, Balter Liquid Alternatives LLC purchased a new position in Lydall in the first quarter valued at $482,000. 89.08% of the stock is owned by 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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