Lydall, Inc. (NYSE:LDL) has been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Analysts have set a 1-year consensus price objective of $29.00 for the company and are predicting that the company will post $0.36 earnings per share for the current quarter, according to Zacks. Zacks has also given Lydall an industry rank of 62 out of 255 based on the ratings given to its competitors.
LDL has been the subject of several recent research reports. TheStreet cut Lydall from a “b-” rating to a “c+” rating in a research note on Tuesday, October 23rd. Roth Capital cut Lydall from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $53.00 to $29.00 in a research note on Wednesday, November 7th. Zacks Investment Research cut Lydall from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 13th. Finally, ValuEngine upgraded Lydall from a “sell” rating to a “hold” rating in a research note on Thursday, January 10th.
Shares of LDL opened at $27.52 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.60 and a quick ratio of 1.90. The stock has a market capitalization of $456.93 million, a PE ratio of 9.83 and a beta of 1.86. Lydall has a 1 year low of $18.47 and a 1 year high of $50.30.
Hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its stake in Lydall by 60.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,498 shares of the auto parts company’s stock worth $71,000 after purchasing an additional 1,324 shares during the last quarter. Ancora Advisors LLC purchased a new stake in Lydall during the third quarter worth approximately $215,000. Diversified Trust Co purchased a new stake in Lydall during the third quarter worth approximately $216,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in Lydall during the fourth quarter worth approximately $105,000. Finally, Oregon Public Employees Retirement Fund purchased a new stake in Lydall during the fourth quarter worth approximately $134,000. Hedge funds and other institutional investors own 92.75% of the company’s stock.
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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