In the market the company is trading up since yesterday’s close of $54.25. Company chares are trading at $55.05 a tad higher than the 50 day moving average of $49.70 and which is marginally higher than the 200 day moving average of $47.40. The 50 day moving average was up $5.20 or +10.47% and the 200 day average was up $7.50.
Here is the rundown on market activity for Albany International Corporatio (NYSE:AIN). Robert Alan Hansen, Senior Vice President & CTO let go of $176,793 worth of shares at an average price of $42.89 on Tue the 30th. Hansen now owns $345,822 of stock as recorded in a recent Form 4 SEC filing. President, PMC Daniel A. Halftermeyer disclosed the sale of 4,000 shares of (AIN). The shares were sold on May 10th for an average price of $38.57. The President, PMC now owns $2,285,851 of the stock per the Form 4 SEC filing.
Albany International Corp., launched on July 24, 1987, is focused on textiles and materials processing business. The Company operates through two segments: Machine Clothing and Albany Engineered Composites..
These firms have also modified their investment in AIN. Morgan Stanley added to its stake by buying 63 shares an increase of 9.0%. Morgan Stanley claims 763 shares worth $35,000. The value of the position overall is up by 9.4%. Tower Research Capital LLC (trc) cut its investment by shedding 1,891 shares a decrease of 96.9% in the quarter. Tower Research Capital LLC (trc) now holds 60 shares valued at $3,000. The total value of its holdings decreased 96.2%.
Goldman Sachs Group Inc grew its holdings by buying 4,380 shares an increase of 69.9% from 12/31/2016 to 03/31/2017. Goldman Sachs Group Inc now controls 10,647 shares with a value of $490,000. The value of the position overall is up by 69.0%. Nwq Investment Management Company, LLC expanded its ownership by buying 201,298 shares an increase of 20.9% as of 03/31/2017. Nwq Investment Management Company, LLC currently owns 1,163,949 shares with a value of $53,600,000. The value of the position overall is up by 20.3%.
December 9 investment analysts at Macquarie held the company rating at “Outperform” but moved up the price target from $41.00 to $43.00. On October 29 analysts at Macquarie began coverage of AIN giving it an initial rating of “Outperform”.
Albany International Corporatio recently declared a dividend for shareholders paid on Monday the 10th of July 2017. The dividend was $0.170 per share for the quarter which comes to $0.68 on an annualized basis. This dividend amount represented a yeild of $1.26. The ex-dividend date was Monday the 5th of June 2017.
The P/E ratio is currently 35.21 and the market value is 1.76B. In the latest earnings report the EPS was $1.56 and is expected to be $2.02 for the current year with 32,099,000 shares outstanding. Next quarter’s EPS is forecasted to be $0.48 with next year’s EPS projected to be $2.48.