BW Gestao de Investimentos Ltda. continued to hold its position in shares of Albany International Corporation (NYSE:AIN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,246 shares of the textile maker’s stock at the close of the 2nd quarter. BW Gestao de Investimentos Ltda. owned 0.07% of Albany International Corporation worth $1,241,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Piedmont Investment Advisors LLC acquired a new stake in Albany International Corporation in the second quarter valued at $334,000. Westwood Holdings Group Inc. acquired a new stake in Albany International Corporation in the second quarter valued at $32,183,000. Susquehanna International Group LLP acquired a new stake in Albany International Corporation in the second quarter valued at $456,000. The Manufacturers Life Insurance Company grew its holdings in Albany International Corporation by 0.6% in the second quarter. The Manufacturers Life Insurance Company now owns 22,376 shares of the textile maker’s stock valued at $1,194,000 after purchasing an additional 129 shares during the last quarter. Finally, Earnest Partners LLC grew its holdings in Albany International Corporation by 1.1% in the second quarter. Earnest Partners LLC now owns 1,144,004 shares of the textile maker’s stock valued at $61,090,000 after purchasing an additional 12,652 shares during the last quarter. 90.96% of the stock is currently owned by institutional investors.
Separately, BidaskClub lowered Albany International Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd.
In related news, insider Daniel A. Halftermeyer sold 17,300 shares of Albany International Corporation stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $53.29, for a total value of $921,917.00. Following the transaction, the insider now directly owns 66,377 shares in the company, valued at approximately $3,537,230.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 11.63% of the company’s stock.
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Albany International Corporation (NYSE AIN) traded up 0.1900% during mid-day trading on Thursday, hitting $57.2085. The company had a trading volume of 56,808 shares. The company has a market cap of $1.84 billion, a PE ratio of 45.0461 and a beta of 1.70. Albany International Corporation has a one year low of $37.00 and a one year high of $58.88. The company’s 50 day moving average price is $55.12 and its 200-day moving average price is $51.15.
Albany International Corporation (NYSE:AIN) last issued its earnings results on Tuesday, August 1st. The textile maker reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.36). The company had revenue of $215.57 million during the quarter. Albany International Corporation had a return on equity of 8.42% and a net margin of 4.98%. Equities research analysts anticipate that Albany International Corporation will post $1.90 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 6th. Investors of record on Monday, September 11th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Friday, September 8th. Albany International Corporation’s payout ratio is 53.54%.
Albany International Corporation Profile
Albany International Corp. is focused on textiles and materials processing business. The Company operates through two segments: Machine Clothing and Albany Engineered Composites. The Company’s Machine Clothing segment supplies permeable and impermeable belts used in the manufacture of paper, paperboard, nonwovens, fiber cement and various other industrial applications.
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