New York State Common Retirement Fund Adds $492K in Albany International Corp. ($AIN)
Key Points
- New York State Common Retirement Fund changed its Albany International Corp. ($AIN) stake by 2.5% last quarter, boosting to 279,743 shares worth $19.85 million.
- Wall Street's consensus rating on $AIN is Hold and an average price target of $58.67.
- $AIN last traded around $70.95.
New York State Common Retirement Fund increased its position in Albany International Corp. ($AIN) by 2.5% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 279,743 shares of Albany International Corp. after buying 6,932 shares during the quarter. New York State Common Retirement Fund's holdings in Albany International Corp. were worth $19.85 million as of its most recent filing.
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About Albany International Corp.
Albany International Corp., together with its subsidiaries, engages in the machine clothing and engineered composites businesses in the United States, Switzerland, France, Brazil, China, Mexico, Germany, and internationally. The company operates through 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, paperboard, tissues, towels, pulps, building products, tannery, and textiles, as well as nonwovens, fiber cement, and several other industrial applications. This segment offers paper machine clothing forming, pressing, and drying fabrics, as well as processing belts; and engineered fabrics. Its AEC segment 3D-woven and injected composite components for aircraft engines composite airframe and engine components for military and commercial aircraft. The company sells its products to commercial and defense markets, space-launch vehicles and the emerging advanced air mobility market, as well as to customer end-users. Albany International Corp. was incorporated in 1895 and is headquartered in Portsmouth, New Hampshire.
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