Lydall, Inc. (NYSE:LDL) PT Set at $63.00 by Roth Capital

Roth Capital set a $63.00 target price on Lydall, Inc. (NYSE:LDL) in a research report sent to investors on Monday, July 31st. The firm currently has a buy rating on the auto parts company’s stock.

A number of other equities analysts have also recently issued reports on LDL. ValuEngine raised Lydall from a hold rating to a buy rating in a report on Friday, June 2nd. BidaskClub cut Lydall from a hold rating to a sell rating in a report on Sunday, July 16th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. Lydall presently has an average rating of Hold and a consensus price target of $60.50.

Lydall (NYSE LDL) traded up 0.11% during trading on Monday, hitting $46.65. 48,214 shares of the stock traded hands. Lydall has a one year low of $44.14 and a one year high of $64.85. The company has a 50-day moving average price of $49.35 and a 200 day moving average price of $52.03. The stock has a market cap of $803.92 million, a PE ratio of 19.20 and a beta of 1.68.

Lydall (NYSE:LDL) last issued its earnings results on Tuesday, August 1st. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.10. Lydall had a return on equity of 17.43% and a net margin of 6.56%. The business had revenue of $174.88 million during the quarter, compared to analysts’ expectations of $174.98 million. The business’s revenue was up 27.4% on a year-over-year basis. Analysts expect that Lydall will post $2.91 earnings per share for the current year.

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In related news, SVP Chad A. Mcdaniel sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $54.06, for a total transaction of $189,210.00. Following the completion of the sale, the senior vice president now owns 36,236 shares of the company’s stock, valued at $1,958,918.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.02% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its stake in Lydall by 0.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,044 shares of the auto parts company’s stock valued at $110,000 after buying an additional 16 shares in the last quarter. Pinebridge Investments L.P. raised its position in shares of Lydall by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 2,270 shares of the auto parts company’s stock valued at $118,000 after buying an additional 22 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Lydall by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 1,900 shares of the auto parts company’s stock valued at $101,000 after buying an additional 40 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Lydall by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,000 shares of the auto parts company’s stock valued at $375,000 after buying an additional 100 shares during the last quarter. Finally, Texas Permanent School Fund raised its position in shares of Lydall by 0.8% in the second quarter. Texas Permanent School Fund now owns 12,579 shares of the auto parts company’s stock valued at $650,000 after buying an additional 102 shares during the last quarter. 88.35% of the stock is owned by institutional investors and hedge funds.

About Lydall

Lydall, Inc designs and manufactures specialty engineered filtration media, industrial thermal insulating solutions, automotive thermal and acoustical barriers for filtration/separation and thermal/acoustical applications. The Company’s segments are Performance Materials, Technical Nonwovens, Thermal/Acoustical Metals and Thermal/Acoustical Fibers.

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