Yousif Capital Management LLC Sells 281 Shares of Albany International Corp. (NYSE:AIN)

Yousif Capital Management LLC reduced its position in Albany International Corp. (NYSE:AIN) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,928 shares of the textile maker’s stock after selling 281 shares during the quarter. Yousif Capital Management LLC’s holdings in Albany International were worth $954,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Integrated Investment Consultants LLC lifted its position in Albany International by 3.3% in the fourth quarter. Integrated Investment Consultants LLC now owns 4,825 shares of the textile maker’s stock worth $386,000 after purchasing an additional 155 shares during the period. KBC Group NV lifted its holdings in shares of Albany International by 28.9% during the third quarter. KBC Group NV now owns 1,058 shares of the textile maker’s stock valued at $94,000 after acquiring an additional 237 shares during the period. Central Pacific Bank Trust Division lifted its holdings in shares of Albany International by 16.1% during the fourth quarter. Central Pacific Bank Trust Division now owns 2,305 shares of the textile maker’s stock valued at $184,000 after acquiring an additional 320 shares during the period. Inspire Investing LLC lifted its holdings in shares of Albany International by 7.2% during the fourth quarter. Inspire Investing LLC now owns 5,004 shares of the textile maker’s stock valued at $400,000 after acquiring an additional 334 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of Albany International by 11.2% during the fourth quarter. Blue Trust Inc. now owns 3,610 shares of the textile maker’s stock valued at $321,000 after acquiring an additional 365 shares during the period. 97.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on AIN. StockNews.com raised Albany International from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Truist Financial lifted their price target on Albany International from $85.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. TD Cowen raised Albany International to a “strong-buy” rating in a report on Thursday, December 19th. Bank of America cut their price target on Albany International from $90.00 to $80.00 and set an “underperform” rating for the company in a report on Friday, November 15th. Finally, JPMorgan Chase & Co. cut their price target on Albany International from $75.00 to $74.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $80.75.

Albany International Price Performance

Shares of AIN stock opened at $80.88 on Friday. The stock has a 50-day moving average price of $80.70 and a 200 day moving average price of $82.12. The company has a quick ratio of 2.94, a current ratio of 3.68 and a debt-to-equity ratio of 0.36. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 25.27 and a beta of 1.34. Albany International Corp. has a 12 month low of $67.39 and a 12 month high of $98.73.

Albany International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th were given a dividend of $0.27 per share. This is a positive change from Albany International’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Tuesday, December 17th. Albany International’s payout ratio is presently 33.75%.

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.