5,962 Shares in Albany International Corp. (NYSE:AIN) Purchased by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC bought a new stake in Albany International Corp. (NYSE:AINFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,962 shares of the textile maker’s stock, valued at approximately $586,000.

Several other institutional investors also recently made changes to their positions in AIN. Orion Capital Management LLC acquired a new stake in shares of Albany International in the 3rd quarter worth about $29,000. GAMMA Investing LLC acquired a new stake in shares of Albany International in the fourth quarter valued at approximately $47,000. Principal Securities Inc. bought a new stake in shares of Albany International during the fourth quarter valued at approximately $77,000. TFO Wealth Partners LLC boosted its position in shares of Albany International by 109,100.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,092 shares of the textile maker’s stock worth $98,000 after buying an additional 1,091 shares during the period. Finally, Strs Ohio grew its holdings in Albany International by 22.2% in the 4th quarter. Strs Ohio now owns 1,100 shares of the textile maker’s stock worth $108,000 after buying an additional 200 shares in the last quarter. 97.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AIN. Bank of America cut their target price on Albany International from $95.00 to $90.00 and set an “underperform” rating on the stock in a research note on Wednesday, May 29th. TD Cowen cut their price objective on shares of Albany International from $106.00 to $95.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. JPMorgan Chase & Co. reduced their price objective on shares of Albany International from $98.00 to $96.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. Finally, Truist Financial lowered their target price on shares of Albany International from $121.00 to $104.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $101.00.

Read Our Latest Stock Report on AIN

Insider Transactions at Albany International

In related news, CEO Gunnar Kleveland bought 1,250 shares of Albany International stock in a transaction dated Friday, May 3rd. The stock was acquired at an average cost of $84.68 per share, with a total value of $105,850.00. Following the completion of the acquisition, the chief executive officer now directly owns 6,884 shares in the company, valued at approximately $582,937.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Robert D. Starr purchased 1,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were acquired at an average price of $84.44 per share, for a total transaction of $84,440.00. Following the completion of the acquisition, the chief financial officer now directly owns 2,610 shares of the company’s stock, valued at $220,388.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gunnar Kleveland purchased 1,250 shares of Albany International stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average price of $84.68 per share, with a total value of $105,850.00. Following the transaction, the chief executive officer now owns 6,884 shares in the company, valued at approximately $582,937.12. The disclosure for this purchase can be found here. Corporate insiders own 0.76% of the company’s stock.

Albany International Trading Down 1.7 %

Shares of AIN stock opened at $84.37 on Friday. The stock has a 50-day simple moving average of $88.02 and a 200 day simple moving average of $90.48. The stock has a market capitalization of $2.63 billion, a P/E ratio of 23.70, a P/E/G ratio of 2.53 and a beta of 1.31. Albany International Corp. has a fifty-two week low of $78.20 and a fifty-two week high of $99.41. The company has a quick ratio of 3.20, a current ratio of 3.99 and a debt-to-equity ratio of 0.45.

Albany International (NYSE:AINGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The textile maker reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.03. Albany International had a net margin of 9.35% and a return on equity of 13.40%. The company had revenue of $313.33 million during the quarter, compared to analyst estimates of $313.41 million. During the same quarter last year, the firm posted $0.91 EPS. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. On average, sell-side analysts expect that Albany International Corp. will post 3.8 earnings per share for the current fiscal year.

Albany International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, June 7th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.23%. Albany International’s dividend payout ratio (DPR) is presently 29.21%.

Albany International Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Albany International (NYSE:AIN)

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