Natixis Advisors LLC grew its holdings in shares of Albany International Corporation (NYSE:AIN – Free Report) by 27.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 197,712 shares of the textile maker’s stock after purchasing an additional 42,940 shares during the period. Natixis Advisors LLC’s holdings in Albany International were worth $10,024,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. American Century Companies Inc. grew its position in shares of Albany International by 0.7% during the 3rd quarter. American Century Companies Inc. now owns 1,709,230 shares of the textile maker’s stock valued at $91,102,000 after buying an additional 11,265 shares during the last quarter. Bank of America Corp DE lifted its holdings in Albany International by 1.8% in the second quarter. Bank of America Corp DE now owns 1,457,609 shares of the textile maker’s stock worth $102,222,000 after acquiring an additional 25,283 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in Albany International by 24.8% in the third quarter. William Blair Investment Management LLC now owns 876,455 shares of the textile maker’s stock worth $46,715,000 after acquiring an additional 174,023 shares during the last quarter. Sei Investments Co. boosted its stake in Albany International by 0.7% in the third quarter. Sei Investments Co. now owns 802,840 shares of the textile maker’s stock valued at $42,791,000 after acquiring an additional 5,426 shares during the period. Finally, Franklin Resources Inc. grew its holdings in shares of Albany International by 11,101.8% during the third quarter. Franklin Resources Inc. now owns 648,810 shares of the textile maker’s stock valued at $32,324,000 after purchasing an additional 643,018 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors.
Albany International Trading Down 0.3%
Albany International stock opened at $67.55 on Monday. Albany International Corporation has a 52-week low of $41.15 and a 52-week high of $73.00. The company has a quick ratio of 1.88, a current ratio of 2.20 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of -33.11, a PEG ratio of 2.77 and a beta of 1.20. The firm has a 50-day moving average price of $58.86 and a two-hundred day moving average price of $55.58.
Albany International Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Friday, June 5th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, June 5th. Albany International’s dividend payout ratio (DPR) is currently -54.90%.
Analyst Ratings Changes
A number of analysts have recently weighed in on the company. Wall Street Zen upgraded Albany International from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Zacks Research upgraded Albany International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Albany International in a research report on Friday, March 27th. Finally, Truist Financial upgraded Albany International to a “hold” rating in a research note on Thursday, May 21st. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Albany International presently has an average rating of “Reduce” and a consensus target price of $60.33.
Get Our Latest Research Report on Albany International
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.
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