Mutual of America Capital Management LLC Has $417,000 Holdings in Albany International Corp. (NYSE:AIN)

Mutual of America Capital Management LLC reduced its stake in shares of Albany International Corp. (NYSE:AIN) by 8.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,693 shares of the textile maker’s stock after selling 436 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Albany International were worth $417,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. boosted its holdings in Albany International by 5,971.5% in the second quarter. Victory Capital Management Inc. now owns 683,895 shares of the textile maker’s stock valued at $57,755,000 after acquiring an additional 672,631 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Albany International by 60.5% in the third quarter. Assenagon Asset Management S.A. now owns 161,340 shares of the textile maker’s stock valued at $14,335,000 after purchasing an additional 60,812 shares during the last quarter. Earnest Partners LLC lifted its stake in Albany International by 2.1% in the second quarter. Earnest Partners LLC now owns 2,592,787 shares of the textile maker’s stock valued at $218,961,000 after buying an additional 53,743 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Albany International by 5.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,091,660 shares of the textile maker’s stock valued at $92,192,000 after acquiring an additional 52,909 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its position in shares of Albany International by 176.9% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 66,900 shares of the textile maker’s stock valued at $5,650,000 after acquiring an additional 42,740 shares during the period. Institutional investors and hedge funds own 97.37% of the company’s stock.

Albany International Price Performance

Shares of NYSE AIN opened at $82.40 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.68 and a quick ratio of 2.94. The business has a 50-day moving average of $78.82 and a 200-day moving average of $84.52. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 25.96 and a beta of 1.29. Albany International Corp. has a fifty-two week low of $67.39 and a fifty-two week high of $99.41.

Albany International (NYSE:AIN) last released its quarterly earnings data on Wednesday, October 30th. The textile maker reported $0.80 EPS for the quarter, beating the consensus estimate of $0.45 by $0.35. The company had revenue of $298.40 million during the quarter, compared to the consensus estimate of $304.51 million. Albany International had a return on equity of 12.20% and a net margin of 7.92%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.02 EPS. As a group, sell-side analysts predict that Albany International Corp. will post 3.23 earnings per share for the current fiscal year.

Insider Transactions at Albany International

In other news, VP Joseph M. Gaug bought 1,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was bought at an average price of $71.24 per share, with a total value of $71,240.00. Following the completion of the acquisition, the vice president now owns 6,811 shares of the company’s stock, valued at $485,215.64. This represents a 17.21 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Robert Alan Hansen purchased 1,050 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired at an average price of $71.26 per share, for a total transaction of $74,823.00. Following the completion of the purchase, the senior vice president now directly owns 8,387 shares of the company’s stock, valued at $597,657.62. This represents a 14.31 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders acquired 3,450 shares of company stock worth $245,813. 0.92% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. StockNews.com lowered shares of Albany International from a “buy” rating to a “hold” rating in a report on Thursday, November 21st. TD Cowen decreased their price objective on Albany International from $95.00 to $81.00 and set a “buy” rating for the company in a research report on Friday, October 4th. Truist Financial dropped their target price on shares of Albany International from $91.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, Bank of America reduced their price target on shares of Albany International from $90.00 to $80.00 and set an “underperform” rating for the company in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $85.50.

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.