Albany International Corp. (NYSE:AIN) Holdings Raised by American Century Companies Inc.

American Century Companies Inc. boosted its stake in Albany International Corp. (NYSE:AIN - Free Report) by 3,380.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 849,379 shares of the textile maker's stock after purchasing an additional 824,975 shares during the quarter. American Century Companies Inc. owned about 2.71% of Albany International worth $67,925,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Intech Investment Management LLC grew its stake in shares of Albany International by 72.4% during the 3rd quarter. Intech Investment Management LLC now owns 9,114 shares of the textile maker's stock valued at $810,000 after buying an additional 3,827 shares during the period. Charles Schwab Investment Management Inc. grew its position in Albany International by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 397,975 shares of the textile maker's stock valued at $35,360,000 after acquiring an additional 15,120 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Albany International during the third quarter worth about $981,000. Quantbot Technologies LP raised its holdings in shares of Albany International by 25.8% in the 3rd quarter. Quantbot Technologies LP now owns 6,491 shares of the textile maker's stock worth $577,000 after purchasing an additional 1,333 shares during the period. Finally, FORA Capital LLC purchased a new position in shares of Albany International in the 3rd quarter worth about $241,000. Institutional investors and hedge funds own 97.37% of the company's stock.

Albany International Stock Down 3.6 %

Shares of AIN stock traded down $2.59 on Friday, hitting $69.39. The stock had a trading volume of 249,246 shares, compared to its average volume of 196,855. The stock's 50 day moving average is $77.46 and its 200-day moving average is $79.15. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 21.68 and a beta of 1.37. Albany International Corp. has a 52-week low of $67.39 and a 52-week high of $95.47. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.94 and a current ratio of 3.68.

Albany International (NYSE:AIN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The textile maker reported $0.58 earnings per share for the quarter, missing analysts' consensus estimates of $0.63 by ($0.05). Albany International had a net margin of 7.92% and a return on equity of 12.20%. The firm had revenue of $286.91 million during the quarter, compared to analysts' expectations of $299.52 million. As a group, research analysts expect that Albany International Corp. will post 3.23 earnings per share for the current year.

Albany International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Friday, March 21st will be given 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 payout ratio is 38.71%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AIN. Truist Financial increased their target price on shares of Albany International from $85.00 to $88.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. StockNews.com lowered shares of Albany International from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Robert W. Baird cut their target price on shares of Albany International from $104.00 to $92.00 and set an "outperform" rating on the stock in a research note on Friday, February 28th. TD Cowen raised shares of Albany International to a "strong-buy" rating in a research report on Thursday, December 19th. Finally, Bank of America cut their price objective on Albany International from $80.00 to $75.00 and set an "underperform" rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $82.00.

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.