Albany International Corp. (AIN) Hits New 1-Year High at $43.09
Albany International Corp. (NYSE:AIN) reached a new 52-week high on Friday . The stock traded as high as $43.09 and last traded at $43.07, with a volume of 40,978 shares traded. The stock had previously closed at $42.03.
The firm has a 50 day moving average of $40.92 and a 200-day moving average of $38.39. The stock has a market cap of $1.38 billion and a P/E ratio of 19.40.
Albany International Corp. (NYSE:AIN) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. The business earned $203.20 million during the quarter, compared to analyst estimates of $196.47 million. During the same period in the prior year, the business posted $0.39 EPS. Equities research analysts anticipate that Albany International Corp. will post $1.80 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 8th. Stockholders of record on Tuesday, June 7th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Friday, June 3rd.
In other news, insider Daniel A. Halftermeyer sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $38.57, for a total value of $154,280.00. Following the completion of the sale, the insider now directly owns 59,265 shares in the company, valued at $2,285,851.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Other hedge funds have recently modified their holdings of the company. Nationwide Fund Advisors increased 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 increased its stake in 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 in the last quarter. Rhumbline Advisers increased its stake in 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 in the last quarter. New York State Common Retirement Fund increased its stake in 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 in the last quarter. Finally, Principal Financial Group Inc. increased its stake in 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 in the last quarter.
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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