Albany International Corp. (NYSE:AIN) Shares Acquired by Voya Investment Management LLC

Voya Investment Management LLC grew its stake in shares of Albany International Corp. (NYSE:AIN) by 552.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 260,394 shares of the textile maker’s stock after purchasing an additional 220,504 shares during the period. Voya Investment Management LLC owned about 0.83% of Albany International worth $20,824,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AIN. Vanguard Group Inc. lifted its stake in Albany International by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 3,493,846 shares of the textile maker’s stock valued at $279,403,000 after buying an additional 12,687 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Albany International by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,103,121 shares of the textile maker’s stock valued at $88,217,000 after acquiring an additional 9,226 shares in the last quarter. American Century Companies Inc. boosted its stake in Albany International by 3,380.5% in the 4th quarter. American Century Companies Inc. now owns 849,379 shares of the textile maker’s stock worth $67,925,000 after purchasing an additional 824,975 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in Albany International in the 4th quarter worth approximately $62,181,000. Finally, Sei Investments Co. grew its position in Albany International by 7.0% during the 4th quarter. Sei Investments Co. now owns 729,377 shares of the textile maker’s stock worth $58,328,000 after purchasing an additional 47,936 shares in the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

Albany International Trading Up 0.5 %

Shares of NYSE AIN opened at $65.81 on Friday. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 20.57 and a beta of 1.29. The business has a 50 day simple moving average of $70.27 and a 200 day simple moving average of $76.24. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.94 and a current ratio of 3.68. Albany International Corp. has a 52 week low of $57.71 and a 52 week high of $95.47.

Albany International (NYSE:AIN) last posted its earnings results on Wednesday, February 26th. The textile maker reported $0.58 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.05). Albany International had a return on equity of 12.20% and a net margin of 7.92%. The business had revenue of $286.91 million during the quarter, compared to the consensus estimate of $299.52 million. On average, research analysts predict that Albany International Corp. will post 3.23 earnings per share for the current fiscal year.

Albany International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 7th. Stockholders 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 1.64%. The ex-dividend date of this dividend was Friday, March 21st. Albany International’s dividend payout ratio is 38.71%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on AIN shares. StockNews.com raised Albany International from a “hold” rating to a “buy” rating in a research report on Thursday, April 17th. 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 report on Wednesday, January 15th. Truist Financial decreased their price target on shares of Albany International from $88.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Bank of America lowered 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 report on Tuesday, March 25th. Finally, Robert W. Baird cut 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 report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Albany International presently has a consensus rating of “Moderate Buy” and an average target price of $80.40.

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.