Albany International Corp. (NYSE:AIN - Get Free Report) VP Joseph M. Gaug bought 1,000 shares of the firm's stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average price of $71.24 per share, with a total value of $71,240.00. Following the purchase, the vice president now directly owns 6,811 shares of the company's stock, valued at approximately $485,215.64. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link.
Albany International Price Performance
Shares of AIN opened at $73.39 on Wednesday. The firm has a market capitalization of $2.29 billion, a PE ratio of 22.93, a P/E/G ratio of 2.28 and a beta of 1.29. The stock's 50 day moving average is $80.50 and its two-hundred day moving average is $84.95. Albany International Corp. has a twelve month low of $67.39 and a twelve month high of $99.41. The company has a current ratio of 3.68, a quick ratio of 2.94 and a debt-to-equity ratio of 0.36.
Albany International (NYSE:AIN - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $298.40 million for the quarter, compared to analyst estimates of $304.51 million. Albany International had a return on equity of 12.20% and a net margin of 7.92%. Albany International's quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.02 earnings per share. Research analysts anticipate that Albany International Corp. will post 3.16 earnings per share for the current year.
Albany International Announces Dividend
The Crypto That’s Making Wall Street Sweat
From Crypto 101 Media | Ad
The Crypto Wall Street Is Desperate to Hide
It's happening now, right under everyone's radar. Big tech giants are quietly integrating it. Venture capitalists are scrambling to invest.
Click here to discover our #1 crypto for the market right now – poised for massive growth
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Tuesday, September 3rd were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Tuesday, September 3rd. Albany International's dividend payout ratio (DPR) is 32.50%.
Wall Street Analysts Forecast Growth
Several research firms have commented on AIN. Truist Financial reduced their price objective on Albany International from $91.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, November 1st. StockNews.com upgraded Albany International from a "hold" rating to a "buy" rating in a research note on Thursday, August 15th. Finally, TD Cowen lowered their price objective on shares of Albany International from $95.00 to $81.00 and set a "buy" rating on the stock in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $88.00.
View Our Latest Stock Report on Albany International
Institutional Trading of Albany International
A number of institutional investors have recently added to or reduced their stakes in AIN. Whittier Trust Co. lifted its position 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 valued at $51,000 after acquiring an additional 266 shares during the period. GAMMA Investing LLC raised its holdings in Albany International by 27.4% during the second quarter. GAMMA Investing LLC now owns 674 shares of the textile maker's stock worth $57,000 after purchasing an additional 145 shares during the last quarter. Hilltop National Bank raised its holdings in Albany International by 14.7% during the second quarter. Hilltop National Bank now owns 1,045 shares of the textile maker's stock worth $88,000 after purchasing an additional 134 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Albany International in the first quarter valued at $102,000. Finally, Central Pacific Bank Trust Division purchased a new position in shares of Albany International in the first quarter valued at $128,000. Hedge funds and other institutional investors own 97.37% of the company's stock.
Albany International Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
