Advantage Alpha Capital Partners LP Has $2.25 Million Stock Position in Albany International Corp. (NYSE:AIN)

Advantage Alpha Capital Partners LP increased its position in shares of Albany International Corp. (NYSE:AIN - Free Report) by 18.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,164 shares of the textile maker's stock after buying an additional 4,307 shares during the quarter. Advantage Alpha Capital Partners LP owned 0.09% of Albany International worth $2,252,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AIN. Vanguard Group Inc. lifted its position in shares of Albany International by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 3,493,846 shares of the textile maker's stock worth $279,403,000 after acquiring an additional 12,687 shares during the period. State Street Corp lifted its position in Albany International by 3.1% in the third quarter. State Street Corp now owns 1,218,058 shares of the textile maker's stock worth $108,544,000 after purchasing an additional 36,944 shares during the period. American Century Companies Inc. boosted its stake in Albany International by 3,380.5% during the fourth quarter. American Century Companies Inc. now owns 849,379 shares of the textile maker's stock worth $67,925,000 after buying an additional 824,975 shares in the last quarter. Sei Investments Co. increased its holdings in Albany International by 7.0% in the 4th quarter. Sei Investments Co. now owns 729,377 shares of the textile maker's stock valued at $58,328,000 after buying an additional 47,936 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Albany International by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 715,779 shares of the textile maker's stock valued at $63,609,000 after buying an additional 8,356 shares during the period. 97.37% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AIN. Truist Financial lifted their target price on shares of Albany International from $85.00 to $88.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Bank of America dropped their target price on Albany International from $80.00 to $75.00 and set an "underperform" rating for the company in a report on Tuesday. JPMorgan Chase & Co. decreased their price target on Albany International from $75.00 to $74.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 15th. TD Cowen upgraded Albany International to a "strong-buy" rating in a research report on Thursday, December 19th. Finally, Robert W. Baird cut their price objective on Albany International from $104.00 to $92.00 and set an "outperform" rating for the company in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Albany International has an average rating of "Moderate Buy" and a consensus price target of $82.00.

Albany International Price Performance

AIN stock traded down $2.59 during midday trading on Friday, reaching $69.39. 249,246 shares of the company's stock traded hands, compared to its average volume of 196,855. The company has a 50-day simple moving average of $77.46 and a two-hundred day simple moving average of $79.19. The company has a quick ratio of 2.94, a current ratio of 3.68 and a debt-to-equity ratio of 0.36. Albany International Corp. has a 1-year low of $67.39 and a 1-year high of $95.47. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 21.68 and a beta of 1.37.

Albany International (NYSE:AIN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The textile maker reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.05). The company had revenue of $286.91 million for the quarter, compared to analyst estimates of $299.52 million. Albany International had a return on equity of 12.20% and a net margin of 7.92%. On average, analysts anticipate that Albany International Corp. will post 3.23 earnings per share for the current year.

Albany International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Friday, March 21st will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, March 21st. Albany International's dividend payout ratio is currently 38.71%.

Albany International Profile

Albany International Corp., together with its subsidiaries, engages in the machine clothing and engineered composites businesses. The company operates in two segments, Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment designs, manufactures, and markets paper machine clothing for use in the manufacturing of papers, paperboards, tissues, towels, pulps, nonwovens, building products, tannery, and textiles, as well as fiber cement and several other industrial applications.