Brokerages Set $48.00 Target Price for Lydall, Inc. (NYSE:LDL)

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Lydall, Inc. (NYSE:LDL) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating. Lydall’s rating score has improved by 50% from three months ago as a result of a number of analysts’ upgrades and downgrades.

Analysts have set a 1-year consensus price objective of $48.00 for the company, according to Zacks. Zacks has also assigned Lydall an industry rank of 42 out of 256 based on the ratings given to its competitors.

Several equities research analysts have issued reports on the stock. ValuEngine cut shares of Whiting USA Trust II from a “hold” rating to a “sell” rating in a research note on Tuesday, May 7th. Roth Capital set a $24.00 price target on shares of Lydall and gave the stock a “hold” rating in a research note on Thursday, May 2nd. Finally, Zacks Investment Research cut shares of GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th.

In other Lydall news, insider Joseph A. Abbruzzi sold 3,362 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $19.77, for a total transaction of $66,466.74. Following the sale, the insider now directly owns 47,020 shares of the company’s stock, valued at approximately $929,585.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.85% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. Rhumbline Advisers raised its stake in shares of Lydall by 20.0% during the fourth quarter. Rhumbline Advisers now owns 49,471 shares of the auto parts company’s stock valued at $1,005,000 after purchasing an additional 8,261 shares in the last quarter. Oregon Public Employees Retirement Fund purchased a new position in Lydall in the 4th quarter worth about $134,000. Prudential Financial Inc. increased its stake in Lydall by 7.6% in the 4th quarter. Prudential Financial Inc. now owns 88,951 shares of the auto parts company’s stock worth $1,807,000 after purchasing an additional 6,290 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Lydall by 60.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,498 shares of the auto parts company’s stock worth $71,000 after purchasing an additional 1,324 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in Lydall by 19.9% in the 4th quarter. California Public Employees Retirement System now owns 71,645 shares of the auto parts company’s stock worth $1,455,000 after purchasing an additional 11,897 shares in the last quarter. Institutional investors and hedge funds own 89.53% of the company’s stock.

NYSE LDL traded down $0.61 on Friday, hitting $19.08. 94,229 shares of the stock were exchanged, compared to its average volume of 92,187. The firm has a market cap of $345.18 million, a P/E ratio of 7.85 and a beta of 1.91. The company has a current ratio of 2.34, a quick ratio of 1.70 and a debt-to-equity ratio of 0.82. Lydall has a fifty-two week low of $17.90 and a fifty-two week high of $48.45. The firm has a 50-day simple moving average of $19.47.

Lydall (NYSE:LDL) last released its quarterly earnings results on Tuesday, April 30th. The auto parts company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.15). The business had revenue of $218.03 million during the quarter, compared to analysts’ expectations of $223.18 million. Lydall had a net margin of 3.42% and a return on equity of 9.51%. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 EPS.

Lydall Company Profile

Lydall, Inc designs, manufactures, and markets specialty engineered filtration media, industrial thermal insulating solutions, and automotive thermal and acoustical barriers for filtration/separation and thermal/acoustical applications worldwide. It operates through Performance Materials, Technical Nonwovens, and Thermal Acoustical Solutions segments.

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