Teachers Advisors LLC lifted its position in shares of Albany International Corporation (NYSE:AIN) by 6.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,541 shares of the textile maker’s stock after acquiring an additional 3,041 shares during the period. Teachers Advisors LLC owned approximately 0.16% of Albany International Corporation worth $2,752,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of AIN. BlackRock Inc. lifted its holdings in shares of Albany International Corporation by 55,161.6% during the 1st quarter. BlackRock Inc. now owns 3,611,346 shares of the textile maker’s stock worth $166,302,000 after acquiring an additional 3,604,811 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Albany International Corporation during the 2nd quarter worth approximately $21,946,000. Vanguard Group Inc. lifted its holdings in shares of Albany International Corporation by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 2,569,064 shares of the textile maker’s stock worth $118,306,000 after acquiring an additional 135,361 shares during the period. Mesirow Financial Investment Management Equity Management bought a new stake in shares of Albany International Corporation during the 2nd quarter worth approximately $4,465,000. Finally, Bradley Foster & Sargent Inc. CT bought a new stake in shares of Albany International Corporation during the 2nd quarter worth approximately $4,364,000. 90.96% of the stock is owned by institutional investors.
In other Albany International Corporation news, insider Daniel A. Halftermeyer sold 17,300 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $53.29, for a total value of $921,917.00. Following the completion of the transaction, the insider now owns 66,377 shares of the company’s stock, valued at approximately $3,537,230.33. The transaction was disclosed in a filing with the SEC, which is available through this link. 11.63% of the stock is owned by insiders.
Separately, BidaskClub raised shares of Albany International Corporation from a “hold” rating to a “buy” rating in a report on Saturday, July 1st.
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Albany International Corporation (AIN) opened at 57.55 on Thursday. The company has a market cap of $1.85 billion, a P/E ratio of 45.31 and a beta of 1.70. The company has a 50-day moving average of $55.94 and a 200 day moving average of $51.58. Albany International Corporation has a 52 week low of $37.00 and a 52 week high of $58.88.
Albany International Corporation (NYSE:AIN) last released its quarterly earnings results on Tuesday, August 1st. The textile maker reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.36). Albany International Corporation had a return on equity of 8.42% and a net margin of 4.98%. The company had revenue of $215.57 million during the quarter. On average, equities analysts forecast that Albany International Corporation will post $1.90 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, October 6th. Shareholders of record on Monday, September 11th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, September 8th. This represents a $0.68 dividend on an annualized basis and a yield of 1.18%. Albany International Corporation’s dividend payout ratio is presently 53.54%.
Albany International Corporation Profile
Albany International Corp. is focused on textiles and materials processing business. The Company operates through two segments: Machine Clothing and Albany Engineered Composites. The Company’s Machine Clothing segment supplies permeable and impermeable belts used in the manufacture of paper, paperboard, nonwovens, fiber cement and various other industrial applications.
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