Other equities research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Lydall from a buy rating to a hold rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of Lydall from a strong sell rating to a hold rating in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $59.00.
Shares of Lydall (NYSE LDL) opened at $48.25 on Monday. Lydall has a one year low of $42.51 and a one year high of $60.00. The stock has a market cap of $834.75, a price-to-earnings ratio of 17.06 and a beta of 1.50. The company has a current ratio of 2.68, a quick ratio of 1.89 and a debt-to-equity ratio of 0.22.
In related news, Director William D. Gurley sold 3,252 shares of Lydall 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 sale, the director now owns 49,647 shares of the company’s stock, valued at approximately $2,738,032.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.02% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Lydall by 3.4% during the 4th quarter. BlackRock Inc. now owns 2,169,014 shares of the auto parts company’s stock worth $110,078,000 after acquiring an additional 70,388 shares in the last quarter. Investment Counselors of Maryland LLC grew its holdings in Lydall by 8.1% during the 3rd quarter. Investment Counselors of Maryland LLC now owns 402,241 shares of the auto parts company’s stock worth $23,048,000 after acquiring an additional 30,260 shares in the last quarter. Stifel Financial Corp grew its holdings in Lydall by 6.7% during the 3rd quarter. Stifel Financial Corp now owns 275,783 shares of the auto parts company’s stock worth $15,781,000 after acquiring an additional 17,254 shares in the last quarter. Westwood Holdings Group Inc. grew its holdings in Lydall by 12.2% during the 4th quarter. Westwood Holdings Group Inc. now owns 269,713 shares of the auto parts company’s stock worth $13,688,000 after acquiring an additional 29,267 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Lydall by 4.6% during the 2nd quarter. Northern Trust Corp now owns 249,248 shares of the auto parts company’s stock worth $12,887,000 after acquiring an additional 10,928 shares in the last quarter. 89.88% of the stock is currently owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION NOTICE: This story was published by Ticker Report and is the sole property of of Ticker Report. If you are accessing this story on another publication, it was copied illegally and reposted in violation of US and international copyright and trademark law. The correct version of this story can be accessed at https://www.tickerreport.com/banking-finance/3225867/lydall-ldl-pt-lowered-to-56-00-at-roth-capital.html.
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.
Receive News & Ratings for Lydall Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lydall and related companies with MarketBeat.com's FREE daily email newsletter.