Zacks: Lydall, Inc. (LDL) Receives Average Rating of “Strong Buy” from Brokerages
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 company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Brokers have set a 1-year consensus price objective of $62.50 for the company and are forecasting that the company will post $0.62 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Lydall an industry rank of 107 out of 265 based on the ratings given to related companies.
A number of equities research analysts have recently weighed in on the stock. Sidoti raised shares of Lydall from a “neutral” rating to a “buy” rating and set a $62.00 price objective on the stock in a report on Wednesday, September 13th. Zacks Investment Research raised shares of Lydall from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th.
In other Lydall news, CEO Dale G. Barnhart sold 12,685 shares of the company’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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William D. Gurley sold 3,252 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $55.15, for a total transaction of $179,347.80. Following the completion of the sale, the director now directly owns 49,647 shares in the company, valued at $2,738,032.05. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,701 shares of company stock worth $1,959,897. 5.02% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of LDL. Pinebridge Investments L.P. boosted its stake in shares of Lydall by 1.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 2,270 shares of the auto parts company’s stock worth $118,000 after acquiring an additional 22 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Lydall during the 3rd quarter worth about $165,000. Victory Capital Management Inc. boosted its stake in shares of Lydall by 13.4% during the 2nd quarter. Victory Capital Management Inc. now owns 3,559 shares of the auto parts company’s stock worth $184,000 after acquiring an additional 421 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of Lydall during the 3rd quarter worth about $215,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Lydall during the 2nd quarter worth about $278,000. 90.22% of the stock is currently owned by institutional investors.
Shares of Lydall (LDL) opened at $50.55 on Wednesday. The firm has a market cap of $883.65, a price-to-earnings ratio of 21.79 and a beta of 1.64. The company has a current ratio of 2.67, a quick ratio of 1.91 and a debt-to-equity ratio of 0.28. Lydall has a 1-year low of $45.45 and a 1-year high of $63.20.
Lydall (NYSE:LDL) last announced its quarterly earnings data on Tuesday, October 31st. The auto parts company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.08). The company had revenue of $180.00 million for the quarter, compared to analysts’ expectations of $172.21 million. Lydall had a net margin of 6.00% and a return on equity of 15.22%. Lydall’s revenue was up 15.6% compared to the same quarter last year. analysts predict that Lydall will post 2.76 EPS for the current fiscal year.
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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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