Albany International Corporation (NYSE:AIN) has been given an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Analysts have set a 12-month consensus price objective of $52.00 for the company, according to Zacks. Zacks has also given Albany International Corporation an industry rank of 2 out of 265 based on the ratings given to its competitors.
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Albany International Corporation (NYSE:AIN) traded down 1.81% during trading on Thursday, reaching $51.60. The company had a trading volume of 62,060 shares. The firm has a 50-day moving average of $48.95 and a 200-day moving average of $47.21. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 33.10 and a beta of 1.71. Albany International Corporation has a 1-year low of $37.00 and a 1-year high of $53.25.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 10th. Stockholders of record on Wednesday, June 7th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Monday, June 5th. Albany International Corporation’s dividend payout ratio is currently 43.59%.
Hedge funds have recently modified their holdings of the company. Nationwide Fund Advisors raised its stake in shares of Albany International Corporation by 13.9% in the first quarter. Nationwide Fund Advisors now owns 44,182 shares of the textile maker’s stock worth $2,035,000 after buying an additional 5,385 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Albany International Corporation by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 3,190 shares of the textile maker’s stock worth $146,000 after buying an additional 60 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Albany International Corporation by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the textile maker’s stock worth $543,000 after buying an additional 200 shares in the last quarter. Norges Bank bought a new stake in shares of Albany International Corporation during the fourth quarter worth $9,449,000. Finally, Thrivent Financial for Lutherans raised its stake in shares of Albany International Corporation by 5.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 15,490 shares of the textile maker’s stock worth $717,000 after buying an additional 820 shares in the last quarter. 87.18% of the stock is owned by institutional investors.
Albany International Corporation Company 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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