Victory Capital Management Inc. boosted its holdings in shares of Albany International Corp. (NYSE:AIN) by 15.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,523 shares of the textile maker’s stock after buying an additional 894 shares during the quarter. Victory Capital Management Inc.’s holdings in Albany International were worth $392,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Albany International by 63.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,212 shares of the textile maker’s stock worth $139,000 after buying an additional 858 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Albany International during the second quarter worth approximately $280,000. Ramsey Quantitative Systems acquired a new stake in Albany International during the second quarter worth approximately $295,000. Xact Kapitalforvaltning AB grew its position in Albany International by 62.1% during the first quarter. Xact Kapitalforvaltning AB now owns 5,744 shares of the textile maker’s stock worth $360,000 after buying an additional 2,200 shares in the last quarter. Finally, Profund Advisors LLC grew its position in Albany International by 41.6% during the first quarter. Profund Advisors LLC now owns 5,948 shares of the textile maker’s stock worth $373,000 after buying an additional 1,747 shares in the last quarter. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

In other Albany International news, VP Dawne H. Wimbrow sold 900 shares of the company’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $75.90, for a total transaction of $68,310.00. Following the completion of the sale, the vice president now directly owns 300 shares in the company, valued at $22,770. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.75% of the stock is owned by corporate insiders.

A number of equities research analysts recently issued reports on the company. Stephens reissued a “hold” rating on shares of Albany International in a research report on Thursday, August 16th. ValuEngine downgraded Albany International from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. Zacks Investment Research raised Albany International from a “hold” rating to a “strong-buy” rating and set a $87.00 price target on the stock in a research report on Monday, August 13th. Finally, Noble Financial reissued a “hold” rating on shares of Albany International in a research report on Wednesday, August 8th.

NYSE AIN opened at $77.15 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.99 and a quick ratio of 2.49. Albany International Corp. has a fifty-two week low of $51.30 and a fifty-two week high of $79.45. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 32.97 and a beta of 1.67.

Albany International (NYSE:AIN) last released its earnings results on Monday, August 6th. The textile maker reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.28. Albany International had a return on equity of 13.03% and a net margin of 6.38%. The firm had revenue of $256.23 million during the quarter, compared to analysts’ expectations of $233.50 million. During the same period in the prior year, the company earned $0.48 earnings per share. analysts predict that Albany International Corp. will post 2.33 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 5th. Shareholders of record on Monday, September 10th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.88%. Albany International’s payout ratio is presently 42.24%.

About Albany International

Albany International Corp. engages in textile and materials processing businesses worldwide. The company operates through two segments, Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment designs, manufactures, and markets paper machine clothing. This segment offers forming, pressing, dryer fabrics, and process belts.

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Institutional Ownership by Quarter for Albany International (NYSE:AIN)

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