Bank of Montreal Can continued to hold its position in shares of Albany International Corporation (NYSE:AIN) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,120 shares of the textile maker’s stock at the end of the 2nd quarter. Bank of Montreal Can’s holdings in Albany International Corporation were worth $113,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. bought a new stake in shares of Albany International Corporation in the first quarter valued at about $114,000. State of Alaska Department of Revenue raised its holdings 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 valued at $146,000 after acquiring an additional 60 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Albany International Corporation by 47.3% in the first quarter. Victory Capital Management Inc. now owns 3,702 shares of the textile maker’s stock valued at $170,000 after acquiring an additional 1,189 shares in the last quarter. First Interstate Bank raised its holdings in shares of Albany International Corporation by 15.8% in the first quarter. First Interstate Bank now owns 3,694 shares of the textile maker’s stock valued at $170,000 after acquiring an additional 505 shares in the last quarter. Finally, Highbridge Capital Management LLC bought a new stake in shares of Albany International Corporation in the first quarter valued at about $215,000. Hedge funds and other institutional investors own 90.96% of the company’s stock.
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In other news, insider Daniel A. Halftermeyer sold 17,300 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $53.29, for a total value of $921,917.00. Following the transaction, the insider now owns 66,377 shares of the company’s stock, valued at $3,537,230.33. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 11.63% of the company’s stock.
Shares of Albany International Corporation (AIN) traded up 1.23% during trading on Monday, reaching $53.65. 15,869 shares of the company’s stock were exchanged. The company has a market capitalization of $1.72 billion, a P/E ratio of 42.24 and a beta of 1.69. Albany International Corporation has a 12-month low of $37.00 and a 12-month high of $55.15. The stock has a 50-day moving average price of $52.21 and a 200 day moving average price of $49.36.
Albany International Corporation (NYSE:AIN) last released its earnings results on Tuesday, August 1st. The textile maker reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by $0.36. The company had revenue of $215.57 million during the quarter. Albany International Corporation had a net margin of 4.98% and a return on equity of 8.42%. Equities analysts expect that Albany International Corporation will post $1.90 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Monday, September 11th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, September 8th. Albany International Corporation’s payout ratio is currently 53.54%.
Separately, BidaskClub upgraded Albany International Corporation from a “hold” rating to a “buy” rating in a report on Saturday, July 1st.
About Albany International Corporation
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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