On November 5, 2024, Robert Hansen, Senior Vice President & Chief Technology Officer of Albany International Corp (AIN, Financial), purchased 1,050 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 8,387 shares of Albany International Corp.
Albany International Corp is engaged in providing advanced textiles and materials processing with applications in the aerospace, automotive, and other industries. The company's shares were priced at $71.26 on the day of the transaction, giving the company a market cap of approximately $2.3 billion.
The price-earnings ratio of Albany International Corp stands at 22.96, which is above the industry median of 19.36. This ratio is also lower than the company's historical median.
According to the GF Value, the intrinsic value of Albany International Corp is estimated at $109.17 per share, suggesting that the stock is Significantly Undervalued with a price-to-GF-Value ratio of 0.65.
Over the past year, there have been six insider buys and no insider sells at Albany International Corp. The insider, Robert Hansen, has increased his holdings by 1,050 shares during this period, indicating a positive trend in insider confidence.
This insider buying activity could be a signal to investors about the perceived value of the stock, especially when considering the company's valuation metrics such as the price-sales ratio, price-book ratio, and price-to-free cash flow, all of which are used to determine the GF Value.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
