Albany International Corporation $AIN Shares Sold by Aristotle Capital Boston LLC

Aristotle Capital Boston LLC lessened its stake in shares of Albany International Corporation (NYSE:AIN) by 9.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 304,740 shares of the textile maker’s stock after selling 31,921 shares during the period. Aristotle Capital Boston LLC’s holdings in Albany International were worth $15,450,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Franklin Resources Inc. lifted its stake in shares of Albany International by 11,101.8% during the 3rd quarter. Franklin Resources Inc. now owns 648,810 shares of the textile maker’s stock worth $32,324,000 after purchasing an additional 643,018 shares during the period. Deprince Race & Zollo Inc. purchased a new position in shares of Albany International during the 4th quarter worth $18,507,000. Invenomic Capital Management LP purchased a new position in shares of Albany International during the 3rd quarter worth $17,269,000. Millennium Management LLC lifted its stake in shares of Albany International by 1,078.5% during the 3rd quarter. Millennium Management LLC now owns 313,830 shares of the textile maker’s stock worth $16,727,000 after purchasing an additional 287,200 shares during the period. Finally, Schonfeld Strategic Advisors LLC lifted its stake in shares of Albany International by 1,809.0% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 216,122 shares of the textile maker’s stock worth $11,519,000 after purchasing an additional 204,801 shares during the period. Institutional investors and hedge funds own 97.37% of the company’s stock.

Albany International Trading Up 0.2%

Shares of AIN opened at $70.43 on Thursday. The company has a current ratio of 2.20, a quick ratio of 1.88 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $2.00 billion, a P/E ratio of -34.52, a price-to-earnings-growth ratio of 3.00 and a beta of 1.20. The stock’s fifty day simple moving average is $61.70 and its 200 day simple moving average is $56.97. Albany International Corporation has a twelve month low of $41.15 and a twelve month high of $73.00.

Albany International (NYSE:AIN) last issued its earnings results on Thursday, April 30th. The textile maker reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.05. The business had revenue of $311.33 million for the quarter, compared to analyst estimates of $281.00 million. Albany International had a positive return on equity of 9.44% and a negative net margin of 4.93%.The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the company posted $0.73 EPS. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. On average, equities research analysts forecast that Albany International Corporation will post 2.79 earnings per share for the current year.

Albany International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Friday, June 5th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, June 5th. Albany International’s dividend payout ratio (DPR) is -54.90%.

Analyst Ratings Changes

AIN has been the topic of a number of recent analyst reports. Truist Financial increased their price target on Albany International from $55.00 to $61.00 and gave the stock a “hold” rating in a research note on Friday, June 12th. Wall Street Zen lowered Albany International from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Zacks Research raised Albany International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Albany International in a research report on Friday, March 27th. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $62.33.

Albany International Profile

Albany International Corp. is a global advanced materials company specializing in engineered textiles and composites. Its business is organized into two primary segments: Process Media and Engineered Composites. The Process Media segment designs, manufactures and services press, forming and drying fabrics used in the production of paper and packaging materials, helping paper manufacturers improve efficiency, quality and sustainability. The Engineered Composites segment produces lightweight composite structures and components for aerospace and industrial applications, serving commercial and military aircraft programs as well as industrial markets that require high-performance, durable materials.

In the Process Media segment, Albany’s products include forming fabrics, press felts and dryer fabrics engineered to withstand extreme moisture and temperature conditions.