Albany International Corporation (NYSE:AIN) insider Daniel A. Halftermeyer sold 17,300 shares of the firm’s stock in a transaction dated 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Albany International Corporation (NYSE AIN) traded down 1.52% during trading on Wednesday, hitting $51.70. The stock had a trading volume of 36,611 shares. The firm has a 50-day moving average price of $53.05 and a 200 day moving average price of $48.59. The company has a market capitalization of $1.66 billion, a PE ratio of 40.71 and a beta of 1.72. Albany International Corporation has a 52 week low of $37.00 and a 52 week high of $55.15.
Albany International Corporation (NYSE:AIN) last issued its earnings results on Tuesday, August 1st. The textile maker reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.52 by $0.36. The company had revenue of $215.57 million for the quarter. Albany International Corporation had a net margin of 4.98% and a return on equity of 8.42%. Equities analysts anticipate that Albany International Corporation will post $1.90 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, July 10th. Investors of record on Wednesday, June 7th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Monday, June 5th. Albany International Corporation’s dividend payout ratio is presently 53.54%.
Separately, BidaskClub upgraded Albany International Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st.
Large investors have recently modified their holdings of the stock. State of Alaska Department of Revenue boosted 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 valued at $146,000 after buying an additional 60 shares in the last quarter. Arizona State Retirement System raised its position in Albany International Corporation by 0.7% in the first quarter. Arizona State Retirement System now owns 15,014 shares of the textile maker’s stock worth $691,000 after buying an additional 100 shares during the last quarter. Texas Permanent School Fund raised its position in Albany International Corporation by 0.8% in the second quarter. Texas Permanent School Fund now owns 21,100 shares of the textile maker’s stock worth $1,127,000 after buying an additional 176 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in Albany International Corporation by 0.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 19,515 shares of the textile maker’s stock worth $1,042,000 after buying an additional 183 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in 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 during the last quarter. Institutional investors own 88.72% of the company’s stock.
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.
Receive News & Ratings for Albany International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Albany International Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
