Teacher Retirement System of Texas Has $5.25 Million Stock Position in Albany International Corp. (NYSE:AIN)

Teacher Retirement System of Texas cut its stake in Albany International Corp. (NYSE:AIN - Free Report) by 9.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 65,693 shares of the textile maker's stock after selling 6,522 shares during the period. Teacher Retirement System of Texas owned approximately 0.21% of Albany International worth $5,253,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in AIN. Quarry LP boosted its position in shares of Albany International by 515.4% during the third quarter. Quarry LP now owns 480 shares of the textile maker's stock worth $43,000 after buying an additional 402 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Albany International by 306.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 667 shares of the textile maker's stock valued at $53,000 after purchasing an additional 503 shares during the last quarter. Vestcor Inc bought a new stake in shares of Albany International in the fourth quarter worth $70,000. KBC Group NV boosted its holdings in Albany International by 41.3% during the fourth quarter. KBC Group NV now owns 1,495 shares of the textile maker's stock worth $120,000 after purchasing an additional 437 shares during the last quarter. Finally, Central Pacific Bank Trust Division grew its position in Albany International by 16.1% in the fourth quarter. Central Pacific Bank Trust Division now owns 2,305 shares of the textile maker's stock valued at $184,000 after purchasing an additional 320 shares in the last quarter. Institutional investors own 97.37% of the company's stock.

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Analyst Ratings Changes

A number of analysts recently issued reports on the company. Bank of America lowered their target price on Albany International from $80.00 to $75.00 and set an "underperform" rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. dropped their price objective 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 shares of Albany International to a "strong-buy" rating in a report on Thursday, December 19th. StockNews.com downgraded shares of Albany International from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Truist Financial raised their target price on shares of Albany International from $85.00 to $88.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $82.00.

Albany International Stock Performance

Shares of AIN stock traded down $1.27 on Thursday, hitting $72.15. The company's stock had a trading volume of 159,187 shares, compared to its average volume of 185,049. Albany International Corp. has a fifty-two week low of $67.39 and a fifty-two week high of $96.49. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.94 and a current ratio of 3.68. The stock's 50 day moving average is $77.88 and its 200-day moving average is $79.35. The company has a market capitalization of $2.23 billion, a PE ratio of 22.55 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 during the quarter, compared to the consensus estimate of $299.52 million. Albany International had a net margin of 7.92% and a return on equity of 12.20%. Equities research analysts expect that Albany International Corp. will post 3.23 earnings per share for the current fiscal year.

Albany International Announces Dividend

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