Irenic Capital Management LP Takes Position in Albany International Corporation $AIN

Irenic Capital Management LP bought a new stake in shares of Albany International Corporation (NYSE:AIN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,000 shares of the textile maker’s stock, valued at approximately $1,014,000. Irenic Capital Management LP owned approximately 0.07% of Albany International at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. CWM LLC grew its holdings in Albany International by 39.3% during the 4th quarter. CWM LLC now owns 712 shares of the textile maker’s stock valued at $36,000 after purchasing an additional 201 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Albany International by 227.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 540 shares of the textile maker’s stock valued at $38,000 after purchasing an additional 375 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Albany International by 32.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 711 shares of the textile maker’s stock valued at $49,000 after purchasing an additional 174 shares during the last quarter. Osaic Holdings Inc. grew its holdings in Albany International by 42.3% during the 2nd quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock valued at $64,000 after purchasing an additional 270 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in Albany International in the 3rd quarter worth about $66,000. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Albany International Trading Up 0.2%

NYSE AIN opened at $70.43 on Thursday. The company has a fifty day simple moving average of $61.70 and a two-hundred day simple moving average of $56.97. The stock has a market cap of $2.00 billion, a P/E ratio of -34.52, a P/E/G ratio of 3.00 and a beta of 1.20. Albany International Corporation has a 12-month low of $41.15 and a 12-month high of $73.00. The company has a current ratio of 2.20, a quick ratio of 1.88 and a debt-to-equity ratio of 0.65.

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

Albany International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Friday, June 5th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.12 dividend on an annualized basis and a yield of 1.6%. Albany International’s payout ratio is presently -54.90%.

About Albany International

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.