Company chares are trading at $54.45 a bit higher than the 50 day moving average which is $49.70 and just above the 200 day moving average of $47.40. The 50 day moving average went up $4.75 or +9.56% and the 200 day average was up $7.05. Albany International Corporatio shares had a trading volume of 46K in the last trading session. Volume was down 59.04% under the stocks average daily volume.
Albany International Corporatio (NYSE:AIN) has been the object of insider selling activity recently. Robert Alan Hansen, Senior Vice President & CTO reported the sale of 4,122 shares. The shares were purchased at an average price of $42.89. The Senior Vice President & CTO now owns $345,822 of the stock per the Form 4 SEC filing. Daniel A. Halftermeyer, President, PMC sold $154,280 worth of shares at an average price of $38.57 on Tue the 10th. The President, PMC now owns $2,285,851 of the stock as reported to the SEC.
Here are some other firms who have updated their holdings. Morgan Stanley expanded its holdings by buying 63 shares an increase of 9.0% from 12/31/2016 to 03/31/2017. Morgan Stanley currently owns 763 shares worth $35,000. The value of the position overall is up by 9.4%. As of quarter end Tower Research Capital LLC (trc) had disposed of a total of 1,891 shares trimming its stake by 96.9%. The value of the investment in AIN decreased from $78,000 to $3,000 a change of $75,000 quarter to quarter.
Goldman Sachs Group Inc grew its investment by buying 4,380 shares an increase of 69.9% as of 03/31/2017. Goldman Sachs Group Inc claims 10,647 shares valued at $490,000. The total value of its holdings increased 69.0%. Nwq Investment Management Company, LLC augmented its position by buying 201,298 shares an increase of 20.9% in the quarter. Nwq Investment Management Company, LLC now controls 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 maintained a stock rating of “Outperform” but raised the price target to $43.00 from $41.00. On October 29 analysts at Macquarie started coverage giving it an initial rating of “Outperform”.
The company is so far trading up from yesterday’s close of $54.25. Albany International Corporatio also announced a dividend paid on Monday the 10th of July 2017. The dividend was $0.170 per share for the quarter or $0.68 annualized. This dividend amount represented a yeild of $1.26. The ex-dividend date was set for Monday the 5th of June 2017.
The most current P/E ratio is 34.93 and the market cap is 1.75B. As of the last earnings report the EPS was $1.56 and is projected to be $2.02 for the current year with 32,099,000 shares currently outstanding. Next quarter’s EPS is forecasted at $0.48 and the next full year EPS is anticipated to be $2.48.
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..