Albany International Corporation (NYSE:AIN) insider Daniel A. Halftermeyer sold 17,300 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $53.29, for a total value of $921,917.00. Following the sale, the insider now directly owns 66,377 shares of the company’s stock, valued at $3,537,230.33. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Albany International Corporation (NYSE:AIN) traded down 1.52% during mid-day trading on Wednesday, reaching $51.70. The company’s stock had a trading volume of 36,611 shares. The firm has a market cap of $1.66 billion, a PE ratio of 40.71 and a beta of 1.72. The company has a 50-day moving average of $53.05 and a 200-day moving average of $48.59. Albany International Corporation has a 12 month low of $37.00 and a 12 month high of $55.15.

Albany International Corporation (NYSE:AIN) last issued its quarterly earnings data on Tuesday, August 1st. The textile maker reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by $0.36. Albany International Corporation had a return on equity of 8.42% and a net margin of 4.98%. The company had revenue of $215.57 million for the quarter. On average, analysts predict that Albany International Corporation will post $1.90 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 10th. Stockholders of record on Wednesday, June 7th were given a dividend of $0.17 per share. The ex-dividend date was Monday, June 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.30%. Albany International Corporation’s dividend payout ratio (DPR) is 53.54%.

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Several institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Albany International Corporation by 55,161.6% in the first quarter. BlackRock Inc. now owns 3,611,346 shares of the textile maker’s stock worth $166,302,000 after buying an additional 3,604,811 shares during the period. Wellington Management Group LLP increased its position in shares of Albany International Corporation by 1.1% in the first quarter. Wellington Management Group LLP now owns 2,736,782 shares of the textile maker’s stock worth $126,029,000 after buying an additional 29,720 shares during the period. Vanguard Group Inc. increased its position in shares of Albany International Corporation by 5.6% in the first quarter. Vanguard Group Inc. now owns 2,569,064 shares of the textile maker’s stock worth $118,306,000 after buying an additional 135,361 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Albany International Corporation by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,464,082 shares of the textile maker’s stock worth $67,421,000 after buying an additional 52,876 shares during the period. Finally, Earnest Partners LLC increased its position in shares of Albany International Corporation by 7.5% in the first quarter. Earnest Partners LLC now owns 1,131,352 shares of the textile maker’s stock worth $52,099,000 after buying an additional 78,485 shares during the period. Institutional investors own 88.72% of the company’s stock.

Separately, BidaskClub cut Albany International Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th.

About Albany International Corporation

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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