Lydall (LDL) Upgraded by ValuEngine to “Hold”

ValuEngine upgraded shares of Lydall (NYSE:LDL) from a sell rating to a hold rating in a research note released on Thursday.

Several other research analysts have also recently issued reports on LDL. Zacks Investment Research cut shares of Lydall from a hold rating to a strong sell rating in a report on Tuesday, November 13th. TheStreet cut shares of Lydall from a b- rating to a c+ rating in a report on Tuesday, October 23rd. Finally, Roth Capital cut shares of Lydall from a buy rating to a neutral rating and dropped their target price for the company from $53.00 to $29.00 in a report on Wednesday, November 7th.

NYSE LDL traded up $0.21 during trading hours on Thursday, hitting $23.33. 107,421 shares of the stock were exchanged, compared to its average volume of 136,090. The stock has a market capitalization of $399.50 million, a P/E ratio of 8.33 and a beta of 1.61. Lydall has a 12-month low of $18.47 and a 12-month high of $50.60. The company has a quick ratio of 1.90, a current ratio of 2.60 and a debt-to-equity ratio of 0.87.



Lydall (NYSE:LDL) last posted its quarterly earnings results on Tuesday, November 6th. The auto parts company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.13). The firm had revenue of $197.90 million for the quarter, compared to analysts’ expectations of $197.85 million. Lydall had a return on equity of 12.07% and a net margin of 5.47%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.61 earnings per share. On average, equities research analysts expect that Lydall will post 2.27 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the business. Ancora Advisors LLC purchased a new position in Lydall in the third quarter valued at about $215,000. Diversified Trust Co purchased a new position in Lydall in the third quarter valued at about $216,000. SG Americas Securities LLC purchased a new position in Lydall in the second quarter valued at about $290,000. OppenheimerFunds Inc. increased its holdings in Lydall by 22.3% in the second quarter. OppenheimerFunds Inc. now owns 10,837 shares of the auto parts company’s stock valued at $473,000 after buying an additional 1,977 shares in the last quarter. Finally, Virginia Retirement Systems ET AL purchased a new position in Lydall in the third quarter valued at about $478,000. 91.41% of the stock is owned by institutional investors.

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.

Read More: What Factors Can Affect Return on Equity?

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.

Leave a Reply