Albany International Corp. (AIN) Hits New 52-Week High at $44.01
Albany International Corp. (NYSE:AIN) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $44.01 and last traded at $43.83, with a volume of 25,916 shares changing hands. The stock had previously closed at $43.08.
The firm has a market capitalization of $1.41 billion and a PE ratio of 19.74. The stock’s 50-day moving average price is $42.04 and its 200-day moving average price is $39.35.
Albany International Corp. (NYSE:AIN) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.48 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.48. During the same quarter in the previous year, the company posted $0.39 earnings per share. The firm earned $203.20 million during the quarter, compared to the consensus estimate of $196.47 million. Equities analysts predict that Albany International Corp. will post $1.77 EPS for the current year.
An institutional investor recently raised its position in Albany International Corp. stock. First Trust Advisors LP raised its position in Albany International Corp. (NYSE:AIN) by 99.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,715 shares of the company’s stock after buying an additional 15,812 shares during the period. First Trust Advisors LP owned 0.10% of Albany International Corp. worth $1,159,000 as of its most recent filing with the SEC.
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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