Dimensional Fund Advisors LP Boosts Holdings in Albany International Corp. (NYSE:AIN)

Dimensional Fund Advisors LP raised its position in Albany International Corp. (NYSE:AIN - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,103,121 shares of the textile maker's stock after purchasing an additional 9,226 shares during the period. Dimensional Fund Advisors LP owned 3.52% of Albany International worth $88,217,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. First Trust Advisors LP raised its stake in Albany International by 10.5% in the fourth quarter. First Trust Advisors LP now owns 18,658 shares of the textile maker's stock valued at $1,492,000 after purchasing an additional 1,768 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of Albany International by 2.6% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 32,422 shares of the textile maker's stock valued at $2,592,000 after buying an additional 817 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of Albany International by 0.5% during the 4th quarter. Gamco Investors INC. ET AL now owns 49,080 shares of the textile maker's stock worth $3,925,000 after acquiring an additional 265 shares during the last quarter. Keeley Teton Advisors LLC grew its position in Albany International by 88.8% in the fourth quarter. Keeley Teton Advisors LLC now owns 4,645 shares of the textile maker's stock worth $371,000 after acquiring an additional 2,185 shares in the last quarter. Finally, Gabelli Funds LLC increased its stake in Albany International by 4.4% in the fourth quarter. Gabelli Funds LLC now owns 71,309 shares of the textile maker's stock valued at $5,703,000 after acquiring an additional 3,000 shares during the last quarter. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Albany International Price Performance

Albany International stock traded down $3.44 during midday trading on Thursday, reaching $62.32. 318,369 shares of the stock traded hands, compared to its average volume of 203,138. The stock has a market cap of $1.93 billion, a P/E ratio of 19.48 and a beta of 1.29. The stock's fifty day moving average is $69.35 and its 200-day moving average is $76.10. The company has a quick ratio of 2.94, a current ratio of 3.68 and a debt-to-equity ratio of 0.36. Albany International Corp. has a 12 month low of $57.71 and a 12 month high of $95.47.

Albany International (NYSE:AIN - Get Free Report) last posted its earnings results on Wednesday, April 30th. The textile maker reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.15. Albany International had a return on equity of 12.20% and a net margin of 7.92%. The firm had revenue of $288.77 million during the quarter, compared to the consensus estimate of $300.74 million. During the same period in the prior year, the company earned $0.90 EPS. The company's quarterly revenue was down 7.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Albany International Corp. will post 3.23 EPS for the current year.

Albany International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 7th. Investors of record on Friday, March 21st were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date was Friday, March 21st. Albany International's payout ratio is 38.71%.

Analyst Ratings Changes

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