Lydall (LDL) Stock Rating Lowered by Roth Capital

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

Several other research firms have also commented on LDL. ValuEngine upgraded Lydall from a sell rating to a hold rating in a research report on Thursday, July 12th. Zacks Investment Research lowered Lydall from a hold rating to a sell rating in a research report on Saturday, August 4th. Finally, TheStreet lowered Lydall from a b- rating to a c+ rating in a research report on Tuesday, October 23rd.

LDL traded down $2.59 on Wednesday, hitting $24.80. The company had a trading volume of 255,179 shares, compared to its average volume of 140,352. The firm has a market cap of $498.03 million, a P/E 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. The company has a current ratio of 2.60, a quick ratio of 2.08 and a debt-to-equity ratio of 0.87.

Lydall (NYSE:LDL) last released its quarterly earnings results on Tuesday, November 6th. The auto parts company reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.13). The company had revenue of $197.90 million during 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 was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.61 EPS. On average, research analysts forecast that Lydall will post 2.64 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the business. Piedmont Investment Advisors LLC purchased a new position in shares of Lydall during the second quarter valued at approximately $176,000. Xact Kapitalforvaltning AB purchased a new position in shares of Lydall during the first quarter valued at approximately $201,000. Bank of Montreal Can purchased a new position in shares of Lydall during the second quarter valued at approximately $192,000. Nisa Investment Advisors LLC purchased a new position in shares of Lydall during the second quarter valued at approximately $218,000. Finally, SG Americas Securities LLC purchased a new position in shares of Lydall during the second quarter valued at approximately $290,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

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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