Lydall (NYSE:LDL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Lydall, Inc. is a New York Stock Exchange listed company, headquartered in Manchester, Connecticut with global manufacturing operations producing specialty engineered products for the thermal/acoustical and filtration/separation markets. The company develops and manufactures engineered materials for a variety of applications. Lydall Inc., operates through the following business segments: Performance Materials segment, Technical Nonwovens segment, Thermal and Acoustical Metals segment and Thermal and Acoustical Fibers segment. With operations in Europe, North America, and Asia Lydall, Inc., provides a wide range of engineered products designed and manufactured for industrial applications. Lydall’s products are found primarily in underbody and under hood applications within vehicles. Lydall, Inc. is headquartered in Manchester, CT. “

LDL has been the subject of several other reports. Roth Capital set a $53.00 price objective on shares of Lydall and gave the stock a “buy” rating in a research note on Monday, August 13th. ValuEngine downgraded shares of Lydall from a “hold” rating to a “sell” rating in a research note on Friday, October 12th.

LDL opened at $35.21 on Tuesday. The company has a quick ratio of 2.08, a current ratio of 2.82 and a debt-to-equity ratio of 0.21. Lydall has a 52-week low of $34.10 and a 52-week high of $60.00. The company has a market cap of $749.07 million, a price-to-earnings ratio of 12.58 and a beta of 1.42.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Piedmont Investment Advisors LLC acquired a new position in shares of Lydall during the second quarter worth $176,000. Xact Kapitalforvaltning AB acquired a new position in shares of Lydall during the first quarter worth $201,000. Bank of Montreal Can acquired a new position in shares of Lydall during the second quarter worth $192,000. Nisa Investment Advisors LLC acquired a new position in shares of Lydall during the second quarter worth $218,000. Finally, WINTON GROUP Ltd acquired a new position in shares of Lydall during the first quarter worth $307,000. Institutional investors own 91.28% 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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