Albany International Corp. (NYSE:AIN) Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL reduced its position in Albany International Corp. (NYSE:AIN - Free Report) by 65.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,135 shares of the textile maker's stock after selling 53,883 shares during the quarter. Tudor Investment Corp ET AL owned about 0.09% of Albany International worth $2,250,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in shares of Albany International by 14.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 80,618 shares of the textile maker's stock valued at $7,163,000 after purchasing an additional 9,931 shares in the last quarter. Advantage Alpha Capital Partners LP increased its holdings in Albany International by 18.1% in the 4th quarter. Advantage Alpha Capital Partners LP now owns 28,164 shares of the textile maker's stock valued at $2,252,000 after purchasing an additional 4,307 shares in the last quarter. Principal Financial Group Inc. raised its position in Albany International by 6.6% in the third quarter. Principal Financial Group Inc. now owns 586,268 shares of the textile maker's stock valued at $52,071,000 after purchasing an additional 36,274 shares during the period. Vanguard Group Inc. lifted its stake in shares of Albany International by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 3,493,846 shares of the textile maker's stock worth $279,403,000 after purchasing an additional 12,687 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Albany International during the fourth quarter worth about $521,000. Hedge funds and other institutional investors own 97.37% of the company's stock.

Analyst Upgrades and Downgrades

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

Albany International Stock Up 0.2 %

AIN stock traded up $0.15 during mid-day trading on Friday, hitting $65.36. 82,843 shares of the company were exchanged, compared to its average volume of 203,597. The company has a current ratio of 3.68, a quick ratio of 2.94 and a debt-to-equity ratio of 0.36. Albany International Corp. has a twelve month low of $57.71 and a twelve month high of $95.47. The firm has a fifty day simple moving average of $67.73 and a 200 day simple moving average of $75.67. The company has a market capitalization of $2.02 billion, a PE ratio of 20.43 and a beta of 1.37.

Albany International (NYSE:AIN - Get Free Report) last issued its earnings results on Wednesday, April 30th. The textile maker reported $0.73 EPS for the quarter, topping the consensus estimate of $0.58 by $0.15. The company had revenue of $288.77 million during 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 business's revenue was down 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.90 EPS. On average, research 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. Stockholders of record on Friday, March 21st were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Friday, March 21st. Albany International's dividend payout ratio (DPR) is presently 43.55%.

Albany International Profile

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.