Albany International (AIN) traded up $1.30 during midday trading on Tuesday, reaching $63.30. 75,000 shares of the company’s stock traded hands, compared to its average volume of 119,162. The company has a quick ratio of 1.76, a current ratio of 2.49 and a debt-to-equity ratio of 0.80. Albany International has a one year low of $43.45 and a one year high of $65.65. The firm has a market capitalization of $2,010.00, a P/E ratio of 47.59 and a beta of 1.73.
Albany International (NYSE:AIN) last announced its earnings results on Monday, October 30th. The textile maker reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.15. Albany International had a net margin of 5.06% and a return on equity of 9.24%. The business had revenue of $222.14 million during the quarter. During the same period in the previous year, the company posted $0.41 earnings per share.
The firm also recently announced a quarterly dividend, which was paid on Monday, January 8th. Stockholders of record on Tuesday, December 26th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, December 22nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.07%. Albany International’s payout ratio is 51.13%.
Several large investors have recently made changes to their positions in AIN. Riverhead Capital Management LLC raised its holdings in shares of Albany International by 71.3% in the second quarter. Riverhead Capital Management LLC now owns 2,398 shares of the textile maker’s stock valued at $128,000 after buying an additional 998 shares during the last quarter. Flinton Capital Management LLC raised its holdings in shares of Albany International by 72.2% in the second quarter. Flinton Capital Management LLC now owns 2,604 shares of the textile maker’s stock valued at $139,000 after buying an additional 1,092 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Albany International in the third quarter valued at about $202,000. Amalgamated Bank purchased a new stake in shares of Albany International in the second quarter valued at about $214,000. Finally, Miles Capital Inc. purchased a new stake in shares of Albany International in the second quarter valued at about $229,000. 90.65% of the stock is owned by institutional investors and hedge funds.
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Albany International Company Profile
Albany International Corp. is focused on textiles and materials processing business. The Company operates through two segments: Machine Clothing and Albany Engineered Composites. The Company’s Machine Clothing segment supplies permeable and impermeable belts used in the manufacture of paper, paperboard, nonwovens, fiber cement and various other industrial applications.
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