Albany International Corp. (AIN) Sets New 1-Year High at $43.09
Albany International Corp. (NYSE:AIN) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $43.09 and last traded at $43.07, with a volume of 40,978 shares trading hands. The stock had previously closed at $42.03.
The stock’s 50 day moving average is $41.01 and its 200-day moving average is $38.42. The stock has a market cap of $1.38 billion and a PE ratio of 19.40.
Albany International Corp. (NYSE:AIN) last released its quarterly earnings data on Monday, August 1st. The company reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. The firm earned $203.20 million during the quarter, compared to analysts’ expectations of $196.47 million. During the same period in the previous year, the business earned $0.39 earnings per share. Analysts forecast that Albany International Corp. will post $1.80 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 8th. Shareholders of record on Tuesday, June 7th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Friday, June 3rd.
In other Albany International Corp. news, insider Daniel A. Halftermeyer sold 4,000 shares of the firm’s stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $38.57, for a total transaction of $154,280.00. Following the completion of the transaction, the insider now owns 59,265 shares of the company’s stock, valued at $2,285,851.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Several large investors have bought and sold shares of the company. First Trust Advisors LP boosted 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 during the period. 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 during the period. WBI Investments Inc. acquired a new stake in Albany International Corp. during the fourth quarter valued at about $1,553,000. Rhumbline Advisers boosted 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 during the period. Finally, Principal Financial Group Inc. boosted 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 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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