Shares of Lydall, Inc. (NYSE:LDL) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 12-month consensus price objective of $62.50 for the company and are expecting that the company will post $0.70 EPS for the current quarter, according to Zacks. Zacks has also given Lydall an industry rank of 100 out of 265 based on the ratings given to related companies.
Several brokerages have issued reports on LDL. Zacks Investment Research upgraded Lydall from a “strong sell” rating to a “hold” rating in a report on Thursday, January 4th. ValuEngine lowered Lydall from a “buy” rating to a “hold” rating in a report on Friday, February 2nd.
Lydall (NYSE:LDL) last announced its earnings results on Wednesday, February 21st. The auto parts company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The firm had revenue of $178.03 million during the quarter, compared to analysts’ expectations of $165.50 million. Lydall had a return on equity of 14.99% and a net margin of 7.01%. The company’s revenue was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. analysts predict that Lydall will post 3.16 EPS for the current fiscal year.
In other Lydall news, Director William D. Gurley sold 3,252 shares of the stock in a transaction that occurred 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 in the company, valued at $2,738,032.05. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.02% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its stake in shares of Lydall by 1.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,931 shares of the auto parts company’s stock worth $669,000 after purchasing an additional 242 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in Lydall by 1.5% during the second quarter. TIAA CREF Investment Management LLC now owns 45,756 shares of the auto parts company’s stock worth $2,366,000 after acquiring an additional 679 shares during the last quarter. Nationwide Fund Advisors boosted its holdings in Lydall by 5.1% in the 3rd quarter. Nationwide Fund Advisors now owns 27,189 shares of the auto parts company’s stock valued at $1,558,000 after purchasing an additional 1,309 shares during the last quarter. California Public Employees Retirement System boosted its holdings in Lydall by 2.4% in the 4th quarter. California Public Employees Retirement System now owns 61,975 shares of the auto parts company’s stock valued at $3,145,000 after purchasing an additional 1,475 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in Lydall by 9.2% in the 3rd quarter. First Trust Advisors LP now owns 18,772 shares of the auto parts company’s stock valued at $1,076,000 after purchasing an additional 1,580 shares during the last quarter. 89.88% of the stock is owned by hedge funds and other institutional investors.
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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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