Albany International Corp. (NYSE:AIN) SVP Robert Alan Hansen Buys 1,050 Shares of Stock

Albany International Corp. (NYSE:AIN - Get Free Report) SVP Robert Alan Hansen bought 1,050 shares of the company's stock in a transaction dated Tuesday, November 5th. The stock was purchased at an average cost of $71.26 per share, for a total transaction of $74,823.00. Following the completion of the acquisition, the senior vice president now owns 8,387 shares in the company, valued at $597,657.62. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Albany International Stock Performance

NYSE:AIN traded up $3.09 during mid-day trading on Tuesday, hitting $73.39. 251,326 shares of the stock were exchanged, compared to its average volume of 157,493. The firm's 50-day simple moving average is $80.50 and its 200 day simple moving average is $84.95. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 2.28 and a beta of 1.29. Albany International Corp. has a fifty-two week low of $67.39 and a fifty-two week high of $99.41. 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 earnings results on Wednesday, October 30th. The textile maker reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.35. Albany International had a return on equity of 12.20% and a net margin of 7.92%. The company had revenue of $298.40 million during the quarter, compared to the consensus estimate of $304.51 million. During the same quarter last year, the firm earned $1.02 earnings per share. The company's revenue was up 6.2% on a year-over-year basis. As a group, equities analysts anticipate that Albany International Corp. will post 3.16 EPS for the current fiscal year.

Albany International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.26 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $1.04 annualized dividend and a dividend yield of 1.42%. Albany International's dividend payout ratio is presently 32.50%.

Institutional Investors Weigh In On Albany International

Several institutional investors have recently made changes to their positions in AIN. BNP Paribas Financial Markets lifted its position in Albany International by 13.7% during the first quarter. BNP Paribas Financial Markets now owns 25,779 shares of the textile maker's stock worth $2,411,000 after purchasing an additional 3,104 shares during the period. Whittier Trust Co. lifted its holdings in shares of Albany International by 94.7% during the 1st quarter. Whittier Trust Co. now owns 547 shares of the textile maker's stock worth $51,000 after acquiring an additional 266 shares during the period. Central Pacific Bank Trust Division acquired a new stake in shares of Albany International during the 1st quarter worth approximately $128,000. GSA Capital Partners LLP increased its stake in Albany International by 201.8% in the first quarter. GSA Capital Partners LLP now owns 9,878 shares of the textile maker's stock valued at $924,000 after acquiring an additional 6,605 shares during the last quarter. Finally, Texas Permanent School Fund Corp raised its position in Albany International by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 27,306 shares of the textile maker's stock valued at $2,553,000 after purchasing an additional 358 shares in the last quarter. 97.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. StockNews.com raised Albany International from a "hold" rating to a "buy" rating in a report on Thursday, August 15th. TD Cowen decreased their price objective on shares of Albany International from $95.00 to $81.00 and set a "buy" rating on the stock in a report on Friday, October 4th. Finally, Truist Financial cut their target price on shares of Albany International from $91.00 to $85.00 and set a "buy" rating for the company in a research note on Friday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Albany International currently has a consensus rating of "Hold" and an average price target of $88.00.

About Albany International

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.