Voya Investment Management LLC Has $20.82 Million Position in Albany International Corp. (NYSE:AIN)

Voya Investment Management LLC raised its position in Albany International Corp. (NYSE:AIN - Free Report) by 552.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 260,394 shares of the textile maker's stock after acquiring an additional 220,504 shares during the quarter. Voya Investment Management LLC owned 0.83% of Albany International worth $20,824,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AIN. Smartleaf Asset Management LLC lifted its holdings in Albany International by 306.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 667 shares of the textile maker's stock worth $53,000 after acquiring an additional 503 shares during the last quarter. Sterling Capital Management LLC lifted its stake in Albany International by 735.6% during the fourth quarter. Sterling Capital Management LLC now owns 752 shares of the textile maker's stock valued at $60,000 after purchasing an additional 662 shares during the last quarter. Vestcor Inc purchased a new stake in shares of Albany International during the fourth quarter valued at $70,000. Covestor Ltd lifted its position in shares of Albany International by 110.4% in the 4th quarter. Covestor Ltd now owns 888 shares of the textile maker's stock valued at $71,000 after acquiring an additional 466 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in Albany International in the 4th quarter worth about $88,000. 97.37% of the stock is owned by hedge funds and other institutional investors.

Albany International Trading Up 2.4 %

NYSE AIN traded up $1.52 during trading hours on Friday, reaching $63.73. The company's stock had a trading volume of 76,720 shares, compared to its average volume of 202,642. Albany International Corp. has a 52 week low of $57.71 and a 52 week high of $95.47. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.68 and a quick ratio of 2.94. The stock has a market cap of $1.97 billion, a P/E ratio of 19.91 and a beta of 1.29. The firm has a fifty day simple moving average of $69.00 and a 200-day simple moving average of $76.03.

Albany International (NYSE:AIN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The textile maker reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.15. The company had revenue of $288.77 million for the quarter, compared to analyst estimates of $300.74 million. Albany International had a return on equity of 12.20% and a net margin of 7.92%. The firm's quarterly revenue was down 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.90 earnings per share. Equities analysts forecast that Albany International Corp. will post 3.23 earnings per share for the current fiscal year.

Albany International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Friday, March 21st were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date was Friday, March 21st. Albany International's payout ratio is 38.71%.

Analyst Ratings Changes

A number of research analysts have recently commented on AIN shares. StockNews.com raised Albany International from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Truist Financial lowered their price target on Albany International from $88.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Bank of America reduced their price objective on shares of Albany International from $80.00 to $75.00 and set an "underperform" rating on the stock in a research note on Tuesday, March 25th. JPMorgan Chase & Co. cut their target price on shares of Albany International from $75.00 to $74.00 and set a "neutral" rating on the stock in a report on Wednesday, January 15th. Finally, Robert W. Baird decreased their price target on shares of Albany International from $104.00 to $92.00 and set an "outperform" rating for the company in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $80.40.

About Albany International

Albany International Corp., together with its subsidiaries, engages in the machine clothing and engineered composites businesses. The company operates in two segments, Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment designs, manufactures, and markets paper machine clothing for use in the manufacturing of papers, paperboards, tissues, towels, pulps, nonwovens, building products, tannery, and textiles, as well as fiber cement and several other industrial applications.