Lydall, Inc. (LDL) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Lydall, Inc. (NYSE:LDL) from a sell rating to a hold rating in a research report sent to investors on Wednesday.

According to Zacks, “Lydall, Inc. develops and manufactures engineered materials for a variety of applications. The Firm develops and manufactures engineered specialty papers, automotive heat shields, acoustical barriers, and medical filtration and bioprocessing components. It operates through the following segments: Performance Materials; Technical Nonwovens; Thermal and Acoustical Metals; and Thermal and Acoustical Fibers. The Performance Materials segment includes filtration, thermal insulation and life sciences filtration businesses. The Technical Nonwovens segment includes its industrial filtration and advanced materials products. The Thermal/Acoustical Metals segment includes its metal parts and related tooling used in automotive applications. The Thermal/Acoustical Fibers segment includes its fiber parts business and related tooling used in automotive applications. Its Filtration products include LydAir MG (Micro-Glass) Air Filtration Media, LydAir MB (Melt Blown) Air Filtration Media and Arioso Membrane Composite Media. “

LDL has been the topic of several other research reports. BidaskClub lowered Lydall from a sell rating to a strong sell rating in a report on Friday, August 4th. Sidoti raised Lydall from a neutral rating to a buy rating and set a $62.00 target price on the stock in a report on Wednesday, September 13th. ValuEngine lowered Lydall from a buy rating to a hold rating in a report on Tuesday, July 11th. Finally, Roth Capital set a $63.00 target price on Lydall and gave the company a buy rating in a report on Monday, June 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Lydall has a consensus rating of Hold and an average price target of $62.50.

Shares of Lydall (NYSE LDL) traded up 0.43% on Wednesday, reaching $57.95. The company had a trading volume of 64,421 shares. The firm’s 50 day moving average is $51.56 and its 200 day moving average is $51.04. Lydall has a 12 month low of $44.14 and a 12 month high of $64.85. The firm has a market capitalization of $998.65 million, a PE ratio of 23.85 and a beta of 1.73.

Lydall (NYSE:LDL) last posted its earnings results on Tuesday, August 1st. The auto parts company reported $0.80 EPS for the quarter, beating the 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 return on equity of 17.43% and a net margin of 6.56%. The company’s revenue for the quarter was up 27.4% compared to the same quarter last year. On average, equities research analysts expect that Lydall will post $2.91 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The original version of this report can be read at https://ledgergazette.com/2017/10/08/lydall-inc-ldl-raised-to-hold-at-zacks-investment-research.html.

In other Lydall news, insider Joseph A. Abbruzzi sold 2,795 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $52.72, for a total transaction of $147,352.40. Following the transaction, the insider now owns 39,685 shares of the company’s stock, valued at $2,092,193.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 5.02% of the company’s stock.

Several hedge funds have recently modified their holdings of LDL. BlackRock Inc. grew its holdings in shares of Lydall by 168,285.2% during the first quarter. BlackRock Inc. now owns 2,079,557 shares of the auto parts company’s stock worth $111,465,000 after purchasing an additional 2,078,322 shares during the last quarter. Westwood Holdings Group Inc. purchased a new position in shares of Lydall during the second quarter worth about $9,303,000. Champlain Investment Partners LLC grew its holdings in shares of Lydall by 15.6% during 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 purchasing an additional 144,425 shares during the last quarter. Royce & Associates LP grew its holdings in shares of Lydall by 44.0% during the first quarter. Royce & Associates LP now owns 364,726 shares of the auto parts company’s stock worth $19,549,000 after purchasing an additional 111,513 shares during the last quarter. Finally, Chartwell Investment Partners LLC purchased a new position in shares of Lydall during the second quarter worth about $5,428,000. 89.07% of the stock is currentl

According to Zacks, “Lydall, Inc. develops and manufactures engineered materials for a variety of applications. The Firm develops and manufactures engineered specialty papers, automotive heat shields, acoustical barriers, and medical filtration and bioprocessing components. It operates through the following segments: Performance Materials; Technical Nonwovens; Thermal and Acoustical Metals; and Thermal and Acoustical Fibers. The Performance Materials segment includes filtration, thermal insulation and life sciences filtration businesses. The Technical Nonwovens segment includes its industrial filtration and advanced materials products. The Thermal/Acoustical Metals segment includes its metal parts and related tooling used in automotive applications. The Thermal/Acoustical Fibers segment includes its fiber parts business and related tooling used in automotive applications. Its Filtration products include LydAir MG (Micro-Glass) Air Filtration Media, LydAir MB (Melt Blown) Air Filtration Media and Arioso Membrane Composite Media. “

LDL has been the topic of several other research reports. BidaskClub lowered Lydall from a sell rating to a strong sell rating in a report on Friday, August 4th. Sidoti raised Lydall from a neutral rating to a buy rating and set a $62.00 target price on the stock in a report on Wednesday, September 13th. ValuEngine lowered Lydall from a buy rating to a hold rating in a report on Tuesday, July 11th. Finally, Roth Capital set a $63.00 target price on Lydall and gave the company a buy rating in a report on Monday, June 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Lydall has a consensus rating of Hold and an average price target of $62.50.

Shares of Lydall (NYSE LDL) traded up 0.43% on Wednesday, reaching $57.95. The company had a trading volume of 64,421 shares. The firm’s 50 day moving average is $51.56 and its 200 day moving average is $51.04. Lydall has a 12 month low of $44.14 and a 12 month high of $64.85. The firm has a market capitalization of $998.65 million, a PE ratio of 23.85 and a beta of 1.73.

Lydall (NYSE:LDL) last posted its earnings results on Tuesday, August 1st. The auto parts company reported $0.80 EPS for the quarter, beating the 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 return on equity of 17.43% and a net margin of 6.56%. The company’s revenue for the quarter was up 27.4% compared to the same quarter last year. On average, equities research analysts expect that Lydall will post $2.91 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The original version of this report can be read at https://ledgergazette.com/2017/10/08/lydall-inc-ldl-raised-to-hold-at-zacks-investment-research.html.

In other Lydall news, insider Joseph A. Abbruzzi sold 2,795 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $52.72, for a total transaction of $147,352.40. Following the transaction, the insider now owns 39,685 shares of the company’s stock, valued at $2,092,193.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 5.02% of the company’s stock.

Several hedge funds have recently modified their holdings of LDL. BlackRock Inc. grew its holdings in shares of Lydall by 168,285.2% during the first quarter. BlackRock Inc. now owns 2,079,557 shares of the auto parts company’s stock worth $111,465,000 after purchasing an additional 2,078,322 shares during the last quarter. Westwood Holdings Group Inc. purchased a new position in shares of Lydall during the second quarter worth about $9,303,000. Champlain Investment Partners LLC grew its holdings in shares of Lydall by 15.6% during 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 purchasing an additional 144,425 shares during the last quarter. Royce & Associates LP grew its holdings in shares of Lydall by 44.0% during the first quarter. Royce & Associates LP now owns 364,726 shares of the auto parts company’s stock worth $19,549,000 after purchasing an additional 111,513 shares during the last quarter. Finally, Chartwell Investment Partners LLC purchased a new position in shares of Lydall during the second quarter worth about $5,428,000. 89.07% of the stock is currently 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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