Keeley Teton Advisors LLC Boosts Stake in Albany International Corp. (NYSE:AIN)

Keeley Teton Advisors LLC raised its holdings in Albany International Corp. (NYSE:AIN) by 88.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,645 shares of the textile maker’s stock after acquiring an additional 2,185 shares during the period. Keeley Teton Advisors LLC’s holdings in Albany International were worth $371,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Gabelli Funds LLC lifted its position in Albany International by 4.4% during the fourth quarter. Gabelli Funds LLC now owns 71,309 shares of the textile maker’s stock valued at $5,703,000 after purchasing an additional 3,000 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Albany International in the 4th quarter worth about $341,000. Barclays PLC increased its position in shares of Albany International by 4.2% during the 4th quarter. Barclays PLC now owns 55,483 shares of the textile maker’s stock valued at $4,437,000 after purchasing an additional 2,256 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in Albany International by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,265 shares of the textile maker’s stock worth $261,000 after buying an additional 207 shares during the last quarter. Finally, Granite Investment Partners LLC boosted its stake in Albany International by 8.0% in the fourth quarter. Granite Investment Partners LLC now owns 51,434 shares of the textile maker’s stock worth $4,113,000 after buying an additional 3,810 shares in the last quarter. Institutional investors own 97.37% of the company’s stock.

Albany International Stock Performance

Albany International stock opened at $63.80 on Thursday. The company has a current ratio of 3.68, a quick ratio of 2.94 and a debt-to-equity ratio of 0.36. The firm has a market cap of $1.97 billion, a P/E ratio of 19.94 and a beta of 1.29. Albany International Corp. has a 1-year low of $57.71 and a 1-year high of $95.47. The firm has a 50-day moving average of $72.65 and a 200-day moving average of $77.03.

Albany International (NYSE:AIN) last issued its quarterly earnings data on Wednesday, February 26th. The textile maker reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.05). The business had revenue of $286.91 million during the quarter, compared to the consensus estimate of $299.52 million. Albany International had a return on equity of 12.20% and a net margin of 7.92%. Sell-side analysts expect that Albany International Corp. will post 3.23 EPS for the current year.

Albany International Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AIN. Robert W. Baird lowered their price objective 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. StockNews.com lowered shares of Albany International from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Truist Financial lifted their price objective on Albany International from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their target price on Albany International from $75.00 to $74.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Finally, TD Cowen raised Albany International to a “strong-buy” rating in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Albany International presently has a consensus rating of “Moderate Buy” and an average target price of $82.00.

Albany International Company 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.