ValuEngine Downgrades Lydall (LDL) to Sell

ValuEngine downgraded shares of Lydall (NYSE:LDL) from a hold rating to a sell rating in a report issued on Monday, February 4th.

A number of other analysts also recently issued reports on LDL. Zacks Investment Research downgraded Lydall from a hold rating to a strong sell rating in a research report on Tuesday, November 13th. TheStreet downgraded Lydall from a b- rating to a c+ rating in a research report on Tuesday, October 23rd. Finally, Roth Capital downgraded Lydall from a buy rating to a neutral rating and lowered their price target for the stock from $53.00 to $29.00 in a research report on Wednesday, November 7th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $38.50.

NYSE:LDL opened at $28.73 on Monday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.90 and a current ratio of 2.60. The firm has a market capitalization of $497.49 million, a PE ratio of 11.82 and a beta of 1.86. Lydall has a 12-month low of $18.47 and a 12-month high of $50.25.

Lydall (NYSE:LDL) last issued its quarterly earnings results on Monday, February 25th. The auto parts company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The company had revenue of $209.90 million for the quarter, compared to analyst estimates of $220.83 million. Lydall had a return on equity of 12.07% and a net margin of 5.47%. The company’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.67 earnings per share. Analysts forecast that Lydall will post 1.87 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Texas Permanent School Fund increased its holdings in shares of Lydall by 4.2% during the fourth quarter. Texas Permanent School Fund now owns 11,391 shares of the auto parts company’s stock worth $231,000 after buying an additional 455 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Lydall by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 11,802 shares of the auto parts company’s stock worth $240,000 after buying an additional 461 shares in the last quarter. Teton Advisors Inc. increased its holdings in shares of Lydall by 0.8% during the fourth quarter. Teton Advisors Inc. now owns 110,809 shares of the auto parts company’s stock worth $2,251,000 after buying an additional 860 shares in the last quarter. Citigroup Inc. increased its holdings in Lydall by 8.9% in the fourth quarter. Citigroup Inc. now owns 11,209 shares of the auto parts company’s stock valued at $228,000 after purchasing an additional 912 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in Lydall by 0.7% in the fourth quarter. Principal Financial Group Inc. now owns 141,320 shares of the auto parts company’s stock valued at $2,870,000 after purchasing an additional 988 shares during the period. Hedge funds and other institutional investors own 91.25% of the company’s stock.

About Lydall

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

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