Westwood Holdings Group Inc. bought a new position in shares of Albany International Corporation (NYSE:AIN) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 603,116 shares of the textile maker’s stock, valued at approximately $32,183,000. Westwood Holdings Group Inc. owned 1.88% of Albany International Corporation as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in AIN. First Trust Advisors LP increased its stake in Albany International Corporation by 4.0% during the 1st quarter. First Trust Advisors LP now owns 24,434 shares of the textile maker’s stock worth $1,125,000 after buying an additional 941 shares during the period. Bank of New York Mellon Corp increased its stake in Albany International Corporation by 4.9% during the 1st quarter. Bank of New York Mellon Corp now owns 496,352 shares of the textile maker’s stock worth $22,857,000 after buying an additional 23,279 shares during the period. Karp Capital Management Corp purchased a new stake in Albany International Corporation during the 1st quarter worth approximately $370,000. Parametric Portfolio Associates LLC increased its stake in Albany International Corporation by 3.6% during the 1st quarter. Parametric Portfolio Associates LLC now owns 85,130 shares of the textile maker’s stock worth $3,920,000 after buying an additional 2,927 shares during the period. Finally, Ameritas Investment Partners Inc. purchased a new stake in Albany International Corporation during the 1st quarter worth approximately $114,000. 90.96% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Albany International Corporation (NYSE:AIN) traded up 0.61% during midday trading on Friday, reaching $57.40. 17,018 shares of the company traded hands. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 45.20 and a beta of 1.70. The company’s 50 day moving average is $55.29 and its 200-day moving average is $51.19. Albany International Corporation has a 12 month low of $37.00 and a 12 month high of $58.88.
Albany International Corporation (NYSE:AIN) last posted its quarterly earnings data on Tuesday, August 1st. The textile maker reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.36). The firm had revenue of $215.57 million for the quarter. Albany International Corporation had a net margin of 4.98% and a return on equity of 8.42%. Equities research analysts forecast that Albany International Corporation will post $1.90 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 6th. Stockholders of record on Monday, September 11th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, September 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.19%. Albany International Corporation’s dividend payout ratio is currently 53.54%.
Separately, BidaskClub raised shares of Albany International Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st.
In other news, insider Daniel A. Halftermeyer sold 17,300 shares of Albany International Corporation stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $53.29, for a total transaction of $921,917.00. Following the sale, the insider now owns 66,377 shares in the company, valued at $3,537,230.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 11.63% of the company’s stock.
Albany International Corporation Company 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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