Zacks: Brokerages Set $62.50 Target Price for Lydall, Inc. (LDL)

Shares of Lydall, Inc. (NYSE:LDL) have been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Analysts have set a 12-month consensus target price of $62.50 for the company and are anticipating that the company will post $0.62 EPS for the current quarter, according to Zacks. Zacks has also assigned Lydall an industry rank of 96 out of 265 based on the ratings given to related companies.

Several equities analysts have commented on the company. Zacks Investment Research downgraded Lydall from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 7th. ValuEngine downgraded Lydall from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd.

In other Lydall news, Director William D. Gurley sold 3,252 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $55.15, for a total value of $179,347.80. Following the transaction, the director now owns 49,647 shares of the company’s stock, valued at approximately $2,738,032.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO James V. Laughlan sold 2,275 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $54.58, for a total value of $124,169.50. Following the completion of the transaction, the chief accounting officer now directly owns 13,127 shares in the company, valued at approximately $716,471.66. The disclosure for this sale can be found here. Insiders sold a total of 21,428 shares of company stock worth $1,188,835 in the last ninety days. 5.02% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in LDL. Engine Capital Management LLC bought a new position in Lydall in the 4th quarter valued at $102,000. SG Americas Securities LLC bought a new position in Lydall in the 3rd quarter valued at $165,000. Algert Global LLC bought a new position in shares of Lydall during the 4th quarter worth $206,000. Piedmont Investment Advisors LLC bought a new position in shares of Lydall during the 3rd quarter worth $215,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Lydall during the 2nd quarter worth $278,000. 90.32% of the stock is currently owned by institutional investors.

Shares of Lydall (NYSE:LDL) opened at $44.30 on Friday. The firm has a market capitalization of $763.82, a price-to-earnings ratio of 19.09 and a beta of 1.50. 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 twelve month low of $42.51 and a twelve month high of $60.38.

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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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