Lydall, Inc. (NYSE:LDL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Lydall, Inc. develops and manufactures engineered materials for a variety of applications. The Firm develops and manufactures engineered specialty papers, automotive heat shields, acoustical barriers, and medical filtration and bioprocessing components. It operates through the following segments: Performance Materials; Technical Nonwovens; Thermal and Acoustical Metals; and Thermal and Acoustical Fibers. The Performance Materials segment includes filtration, thermal insulation and life sciences filtration businesses. The Technical Nonwovens segment includes its industrial filtration and advanced materials products. The Thermal/Acoustical Metals segment includes its metal parts and related tooling used in automotive applications. The Thermal/Acoustical Fibers segment includes its fiber parts business and related tooling used in automotive applications. Its Filtration products include LydAir MG (Micro-Glass) Air Filtration Media, LydAir MB (Melt Blown) Air Filtration Media and Arioso Membrane Composite Media. “

Several other research firms have also recently issued reports on LDL. ValuEngine cut shares of Lydall from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Roth Capital set a $63.00 price target on shares of Lydall and gave the stock a “buy” rating in a research note on Monday, June 26th. BidaskClub cut shares of Lydall from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. Finally, Sidoti raised shares of Lydall from a “neutral” rating to a “buy” rating and set a $62.00 price target on the stock in a research note on Wednesday, September 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $62.50.

Lydall (NYSE:LDL) opened at 57.70 on Wednesday. Lydall has a 52 week low of $44.14 and a 52 week high of $64.85. The stock has a market capitalization of $994.34 million, a P/E ratio of 23.74 and a beta of 1.73. The firm’s 50-day moving average is $51.23 and its 200-day moving average is $51.01.

Lydall (NYSE:LDL) last released its quarterly earnings results on Tuesday, August 1st. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.10. Lydall had a net margin of 6.56% and a return on equity of 17.43%. The company had revenue of $174.88 million for the quarter, compared to analysts’ expectations of $174.98 million. The firm’s quarterly revenue was up 27.4% compared to the same quarter last year. On average, equities research analysts predict that Lydall will post $2.91 EPS for the current fiscal year.

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In related news, insider Joseph A. Abbruzzi sold 2,795 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $52.72, for a total value of $147,352.40. Following the sale, the insider now directly owns 39,685 shares of the company’s stock, valued at $2,092,193.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.02% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its position in shares of 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 worth $110,000 after acquiring an additional 16 shares during the last quarter. Pinebridge Investments L.P. boosted 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 worth $118,000 after acquiring an additional 22 shares during the last quarter. Texas Permanent School Fund boosted 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 worth $650,000 after acquiring an additional 102 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Lydall by 3.2% in the first quarter. Envestnet Asset Management Inc. now owns 4,801 shares of the auto parts company’s stock worth $257,000 after acquiring an additional 150 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Lydall by 2.3% in the first quarter. Arizona State Retirement System now owns 9,024 shares of the auto parts company’s stock worth $484,000 after acquiring an additional 200 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Lydall Company Profile

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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