Lydall (LDL) Hits New 12-Month Low at $34.10

Lydall, Inc. (NYSE:LDL)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $34.10 and last traded at $34.21, with a volume of 1097 shares changing hands. The stock had previously closed at $35.19.

LDL has been the topic of several research reports. ValuEngine upgraded Lydall from a “sell” rating to a “hold” rating in a research report on Thursday, July 12th. Zacks Investment Research cut Lydall from a “hold” rating to a “sell” rating in a report on Saturday, August 4th. Finally, Roth Capital set a $53.00 price target on Lydall and gave the company a “buy” rating in a report on Monday, August 13th.

The company has a quick ratio of 2.08, a current ratio of 2.82 and a debt-to-equity ratio of 0.21. The firm has a market cap of $749.07 million, a P/E ratio of 12.39 and a beta of 1.42.

Lydall (NYSE:LDL) last posted its quarterly earnings results on Wednesday, August 1st. The auto parts company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.01). Lydall had a net margin of 6.20% and a return on equity of 12.74%. The company had revenue of $186.40 million during the quarter, compared to analyst estimates of $181.65 million. During the same period in the prior year, the business posted $0.80 EPS. Lydall’s revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, research analysts predict that Lydall, Inc. will post 2.53 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the stock. Tributary Capital Management LLC increased its holdings in shares of Lydall by 21.2% in the third quarter. Tributary Capital Management LLC now owns 206,314 shares of the auto parts company’s stock valued at $8,892,000 after purchasing an additional 36,096 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Lydall by 4.1% during the second quarter. Bank of New York Mellon Corp now owns 203,475 shares of the auto parts company’s stock worth $8,881,000 after acquiring an additional 7,936 shares during the last quarter. Value Holdings Management CO. LLC acquired a new stake in Lydall during the second quarter worth $437,000. OppenheimerFunds Inc. increased its stake in Lydall by 22.3% during the second quarter. OppenheimerFunds Inc. now owns 10,837 shares of the auto parts company’s stock worth $473,000 after acquiring an additional 1,977 shares during the last quarter. Finally, BlueMountain Capital Management LLC increased its stake in Lydall by 16.6% during the second quarter. BlueMountain Capital Management LLC now owns 27,780 shares of the auto parts company’s stock worth $1,213,000 after acquiring an additional 3,956 shares during the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.

About Lydall (NYSE:LDL)

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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