Albany International Corp. (AIN) Reaches New 12-Month High at $42.95
Albany International Corp. (NYSE:AIN) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $42.95 and last traded at $42.54, with a volume of 13,954 shares trading hands. The stock had previously closed at $42.73.
The stock’s 50 day moving average is $40.29 and its 200 day moving average is $37.73. The firm has a market cap of $1.35 billion and a P/E ratio of 23.15.
Albany International Corp. (NYSE:AIN) last announced its quarterly earnings results on Monday, May 2nd. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by $0.06. During the same quarter last year, the company posted $0.45 earnings per share. The firm had revenue of $172.30 million for the quarter, compared to the consensus estimate of $178.46 million. On average, analysts predict that Albany International Corp. will post $1.84 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 8th. Investors of record on Tuesday, June 7th were given a $0.17 dividend. The ex-dividend date was Friday, June 3rd. This represents a $0.68 annualized dividend and a yield of 1.61%.
In related news, insider Daniel A. Halftermeyer sold 4,000 shares of the business’s stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $38.57, for a total value of $154,280.00. Following the sale, the insider now directly owns 59,265 shares of the company’s stock, valued at approximately $2,285,851.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
A number of large investors recently bought and sold shares of AIN. Nationwide Fund Advisors boosted its stake in Albany International Corp. by 0.4% in the fourth quarter. Nationwide Fund Advisors now owns 41,185 shares of the company’s stock valued at $1,505,000 after buying an additional 146 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Albany International Corp. by 99.4% in the fourth quarter. First Trust Advisors LP now owns 31,715 shares of the company’s stock valued at $1,159,000 after buying an additional 15,812 shares during the period. Rhumbline Advisers boosted its stake in shares of Albany International Corp. by 1.3% in the fourth quarter. Rhumbline Advisers now owns 53,292 shares of the company’s stock valued at $1,948,000 after buying an additional 700 shares during the period. New York State Common Retirement Fund boosted its stake in shares of Albany International Corp. by 10.7% in the fourth quarter. New York State Common Retirement Fund now owns 270,717 shares of the company’s stock valued at $9,895,000 after buying an additional 26,063 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Albany International Corp. by 4.6% in the fourth quarter. Principal Financial Group Inc. now owns 189,561 shares of the company’s stock valued at $6,928,000 after buying an additional 8,343 shares during the period.
Albany International Corp. is a textiles and materials processing company. The Company operates through two segments: Machine Clothing (MC) and Albany Engineered Composites (AEC). Its MC 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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