Keeley Teton Advisors LLC Grows Position in Albany International Corp. (NYSE:AIN)

Keeley Teton Advisors LLC lifted its position in shares of Albany International Corp. (NYSE:AIN) by 88.8% during the 4th quarter, HoldingsChannel reports. The firm 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in 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 buying an additional 3,000 shares during the period. XTX Topco Ltd purchased a new position in Albany International during the 4th quarter valued at about $341,000. Barclays PLC boosted its stake in Albany International by 4.2% during the fourth quarter. Barclays PLC now owns 55,483 shares of the textile maker’s stock worth $4,437,000 after acquiring an additional 2,256 shares in the last quarter. Summit Investment Advisors Inc. grew its holdings in Albany International by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,265 shares of the textile maker’s stock worth $261,000 after purchasing an additional 207 shares during the period. Finally, Granite Investment Partners LLC increased its stake in shares of Albany International by 8.0% during the fourth quarter. Granite Investment Partners LLC now owns 51,434 shares of the textile maker’s stock valued at $4,113,000 after purchasing an additional 3,810 shares in the last quarter. 97.37% of the stock is owned by hedge funds and other institutional investors.

Albany International Price Performance

NYSE AIN opened at $63.80 on Thursday. Albany International Corp. has a one year low of $57.71 and a one year high of $95.47. The stock has a 50-day moving average of $72.65 and a 200 day moving average of $77.03. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.94 and a current ratio of 3.68. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 19.94 and a beta of 1.29.

Albany International (NYSE:AIN) last announced its quarterly earnings results on Wednesday, February 26th. The textile maker reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.05). The company 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%. On average, sell-side analysts forecast that Albany International Corp. will post 3.23 EPS for the current year.

Albany International Announces Dividend

The company also recently declared 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. The ex-dividend date was Friday, March 21st. This represents a $1.08 annualized dividend and a dividend yield of 1.69%. Albany International’s payout ratio is 38.71%.

Analyst Upgrades and Downgrades

AIN has been the topic of several recent research reports. Robert W. Baird cut their price target on Albany International from $104.00 to $92.00 and set an “outperform” rating on the stock in a research note on Friday, February 28th. StockNews.com cut Albany International from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. JPMorgan Chase & Co. lowered their price target on Albany International from $75.00 to $74.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. TD Cowen raised shares of Albany International to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, Truist Financial lifted their target price on shares of Albany International from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Albany International has an average rating of “Moderate Buy” and a consensus price target 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.