Roth Capital Lowers Lydall (LDL) to Neutral

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Roth Capital lowered shares of Lydall (NYSE:LDL) from a buy rating to a neutral rating in a research report report published on Wednesday, MarketBeat.com reports. Roth Capital currently has $29.00 price target on the auto parts company’s stock, down from their prior price target of $53.00.

A number of other equities research analysts have also recently commented on LDL. Zacks Investment Research raised Lydall from a sell rating to a hold rating in a report on Tuesday, October 16th. ValuEngine raised Lydall from a sell rating to a hold rating in a report on Thursday, July 12th. Finally, TheStreet cut Lydall from a b- rating to a c+ rating in a report on Tuesday, October 23rd.

NYSE:LDL traded down $2.59 on Wednesday, reaching $24.80. 255,179 shares of the company’s stock traded hands, compared to its average volume of 140,352. The company has a quick ratio of 2.08, a current ratio of 2.60 and a debt-to-equity ratio of 0.87. The stock has a market cap of $498.03 million, a PE ratio of 8.86 and a beta of 1.76. Lydall has a 12 month low of $24.51 and a 12 month high of $56.60.

Lydall (NYSE:LDL) last posted its quarterly earnings results on Tuesday, November 6th. The auto parts company reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.13). The business had revenue of $197.90 million for the quarter, compared to the consensus estimate of $197.85 million. Lydall had a net margin of 5.47% and a return on equity of 12.07%. Lydall’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 earnings per share. Sell-side analysts anticipate that Lydall will post 2.64 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of LDL. Legal & General Group Plc increased its holdings in shares of Lydall by 5.8% in the second quarter. Legal & General Group Plc now owns 34,111 shares of the auto parts company’s stock worth $1,488,000 after purchasing an additional 1,880 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Lydall by 4.7% in the second quarter. Rhumbline Advisers now owns 41,635 shares of the auto parts company’s stock worth $1,817,000 after purchasing an additional 1,886 shares during the last quarter. Xact Kapitalforvaltning AB increased its holdings in shares of Lydall by 45.7% in the second quarter. Xact Kapitalforvaltning AB now owns 6,058 shares of the auto parts company’s stock worth $264,000 after purchasing an additional 1,900 shares during the last quarter. OppenheimerFunds Inc. increased its holdings in shares of Lydall by 22.3% in the second quarter. OppenheimerFunds Inc. now owns 10,837 shares of the auto parts company’s stock worth $473,000 after purchasing an additional 1,977 shares during the last quarter. Finally, IndexIQ Advisors LLC increased its holdings in shares of Lydall by 6.9% in the second quarter. IndexIQ Advisors LLC now owns 45,335 shares of the auto parts company’s stock worth $1,979,000 after purchasing an additional 2,912 shares during the last quarter. 92.28% of the stock is currently owned by institutional investors and hedge funds.

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.

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