Albany International Corp. (NYSE:AIN) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. raised its holdings in Albany International Corp. (NYSE:AIN - Free Report) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,493,846 shares of the textile maker's stock after buying an additional 12,687 shares during the quarter. Vanguard Group Inc. owned about 11.16% of Albany International worth $279,403,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Integrated Investment Consultants LLC increased its holdings in shares of Albany International by 3.3% during the fourth quarter. Integrated Investment Consultants LLC now owns 4,825 shares of the textile maker's stock valued at $386,000 after acquiring an additional 155 shares in the last quarter. Central Pacific Bank Trust Division increased its stake in Albany International by 16.1% during the 4th 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. Inspire Investing LLC raised its holdings in shares of Albany International by 7.2% in the fourth quarter. Inspire Investing LLC now owns 5,004 shares of the textile maker's stock worth $400,000 after buying an additional 334 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of Albany International by 2.0% during the fourth quarter. HighTower Advisors LLC now owns 17,157 shares of the textile maker's stock worth $1,372,000 after buying an additional 342 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of Albany International by 11.2% during the fourth quarter. Blue Trust Inc. now owns 3,610 shares of the textile maker's stock valued at $321,000 after buying an additional 365 shares during the last quarter. Institutional investors and hedge funds own 97.37% of the company's stock.

Albany International Stock Performance

Albany International stock traded up $6.75 during midday trading on Wednesday, hitting $66.50. 364,783 shares of the company were exchanged, compared to its average volume of 201,219. The business has a fifty day simple moving average of $74.84 and a two-hundred day simple moving average of $77.94. 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 firm has a market capitalization of $2.05 billion, a PE ratio of 20.78 and a beta of 1.29. Albany International Corp. has a fifty-two week low of $57.71 and a fifty-two week high of $95.47.

Albany International (NYSE:AIN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The textile maker reported $0.58 EPS for the quarter, missing analysts' consensus estimates 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 return on equity of 12.20% and a net margin of 7.92%. On average, sell-side analysts forecast that Albany International Corp. will post 3.23 earnings per share for the current year.

Albany International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 7th. Stockholders of record on Friday, March 21st were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Friday, March 21st. Albany International's payout ratio is currently 38.71%.

Analyst Ratings Changes

AIN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on Albany International from $75.00 to $74.00 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. Robert W. Baird decreased their target price on Albany International from $104.00 to $92.00 and set an "outperform" rating for the company in a report on Friday, February 28th. StockNews.com lowered Albany International from a "buy" rating to a "hold" rating in a research report 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, Truist Financial upped their price objective on shares of 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 issued a strong buy rating to the stock. According to data from MarketBeat, Albany International 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.