SG Americas Securities LLC lessened its stake in Albany International Corporation (NYSE:AIN – Free Report) by 63.5% during the first quarter, HoldingsChannel reports. The firm owned 11,565 shares of the textile maker’s stock after selling 20,127 shares during the period. SG Americas Securities LLC’s holdings in Albany International were worth $604,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC increased its position in Albany International by 39.3% in the fourth quarter. CWM LLC now owns 712 shares of the textile maker’s stock worth $36,000 after buying an additional 201 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Albany International by 227.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 540 shares of the textile maker’s stock valued at $38,000 after buying an additional 375 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Albany International by 32.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 711 shares of the textile maker’s stock valued at $49,000 after buying an additional 174 shares during the last quarter. Osaic Holdings Inc. grew its stake in shares of Albany International by 42.3% during the 2nd quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock worth $64,000 after acquiring an additional 270 shares during the period. Finally, Quadrant Capital Group LLC grew its stake in shares of Albany International by 519.7% during the 4th quarter. Quadrant Capital Group LLC now owns 1,382 shares of the textile maker’s stock worth $70,000 after acquiring an additional 1,159 shares during the period. 97.37% of the stock is owned by institutional investors.
Albany International Trading Down 0.6%
Albany International stock opened at $73.51 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.88 and a current ratio of 2.20. Albany International Corporation has a fifty-two week low of $41.15 and a fifty-two week high of $76.56. The stock has a market cap of $2.09 billion, a P/E ratio of -36.04, a PEG ratio of 3.16 and a beta of 1.17. The firm’s fifty day moving average price is $66.38 and its 200-day moving average price is $59.30.
Albany International Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Friday, June 5th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, June 5th. Albany International’s dividend payout ratio is -54.90%.
Analysts Set New Price Targets
AIN has been the topic of a number of research reports. Wall Street Zen cut Albany International from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Truist Financial increased their target price on shares of Albany International from $55.00 to $61.00 and gave the stock a “hold” rating in a research report on Friday, June 12th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Albany International in a research report on Wednesday, June 24th. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $62.33.
Get Our Latest Stock Report on AIN
About Albany International
Albany International Corp. is a global advanced materials company specializing in engineered textiles and composites. Its business is organized into two primary segments: Process Media and Engineered Composites. The Process Media segment designs, manufactures and services press, forming and drying fabrics used in the production of paper and packaging materials, helping paper manufacturers improve efficiency, quality and sustainability. The Engineered Composites segment produces lightweight composite structures and components for aerospace and industrial applications, serving commercial and military aircraft programs as well as industrial markets that require high-performance, durable materials.
In the Process Media segment, Albany’s products include forming fabrics, press felts and dryer fabrics engineered to withstand extreme moisture and temperature conditions.
Featured Stories
- Five stocks we like better than Albany International
- Apple and Broadcom Forge a Decade-Long Silicon Fortress
- SK Hynix’s Nasdaq Listing Could Reset the AI Memory Trade
- The AI Chip Sell-Off Looks Scary, But the Real Story May Be Liquidity
- Palantir’s CEO Just Called Out OpenAI and Anthropic
Want to see what other hedge funds are holding AIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Albany International Corporation (NYSE:AIN – Free Report).
Receive News & Ratings for Albany International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Albany International and related companies with MarketBeat.com's FREE daily email newsletter.
