Bridge City Capital LLC Buys 17,409 Shares of Albany International Corp. (NYSE:AIN)

Bridge City Capital LLC lifted its holdings in Albany International Corp. (NYSE:AIN - Free Report) by 26.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,625 shares of the textile maker's stock after purchasing an additional 17,409 shares during the period. Albany International comprises 1.8% of Bridge City Capital LLC's holdings, making the stock its 14th biggest holding. Bridge City Capital LLC owned about 0.26% of Albany International worth $6,608,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LPL Financial LLC grew its position in Albany International by 65.6% in the fourth quarter. LPL Financial LLC now owns 14,734 shares of the textile maker's stock worth $1,178,000 after buying an additional 5,837 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Albany International during the 4th quarter worth $521,000. Sei Investments Co. grew its holdings in shares of Albany International by 7.0% in the 4th quarter. Sei Investments Co. now owns 729,377 shares of the textile maker's stock worth $58,328,000 after acquiring an additional 47,936 shares during the last quarter. American Century Companies Inc. raised its position in shares of 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 purchasing an additional 824,975 shares during the period. Finally, Summit Global Investments purchased a new stake in shares of Albany International during the fourth quarter valued at $238,000. 97.37% of the stock is currently owned by institutional investors.

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Albany International Stock Down 1.7 %

Shares of NYSE:AIN traded down $1.27 during trading on Thursday, reaching $72.15. 159,187 shares of the company traded hands, compared to its average volume of 185,401. The firm has a fifty day simple moving average of $77.70 and a 200 day simple moving average of $79.30. 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 firm has a market cap of $2.23 billion, a P/E ratio of 22.55 and a beta of 1.37.

Albany International (NYSE:AIN - Get Free Report) last announced 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 firm had revenue of $286.91 million for the quarter, compared to analyst estimates of $299.52 million. Albany International had a net margin of 7.92% and a return on equity of 12.20%. Analysts anticipate that Albany International Corp. will post 3.23 earnings per share for the current fiscal year.

Albany International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Friday, March 21st will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.50%. Albany International's dividend payout ratio is currently 38.71%.

Analysts Set New Price Targets

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