Invenomic Capital Management LP Invests $17.27 Million in Albany International Corporation $AIN

Invenomic Capital Management LP acquired a new position in shares of Albany International Corporation (NYSE:AIN) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 323,995 shares of the textile maker’s stock, valued at approximately $17,269,000. Invenomic Capital Management LP owned approximately 1.13% of Albany International at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in AIN. American Century Companies Inc. raised its stake in Albany International by 0.7% in the 3rd quarter. American Century Companies Inc. now owns 1,709,230 shares of the textile maker’s stock valued at $91,102,000 after purchasing an additional 11,265 shares during the last quarter. Bank of America Corp DE raised its position in shares of Albany International by 1.8% in the second quarter. Bank of America Corp DE now owns 1,457,609 shares of the textile maker’s stock valued at $102,222,000 after buying an additional 25,283 shares during the last quarter. William Blair Investment Management LLC lifted its stake in shares of Albany International by 24.8% in the third quarter. William Blair Investment Management LLC now owns 876,455 shares of the textile maker’s stock worth $46,715,000 after buying an additional 174,023 shares in the last quarter. Sei Investments Co. lifted its stake in shares of Albany International by 0.7% in the third quarter. Sei Investments Co. now owns 802,840 shares of the textile maker’s stock worth $42,791,000 after buying an additional 5,426 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in Albany International by 11,101.8% during the third quarter. Franklin Resources Inc. now owns 648,810 shares of the textile maker’s stock worth $32,324,000 after acquiring an additional 643,018 shares during the last quarter. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Albany International Stock Performance

Albany International stock opened at $53.58 on Monday. The firm has a 50 day simple moving average of $57.23 and a 200-day simple moving average of $54.80. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of -26.52, a price-to-earnings-growth ratio of 2.08 and a beta of 1.18. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.10 and a quick ratio of 1.83. Albany International Corporation has a 1-year low of $41.15 and a 1-year high of $75.15.

Albany International (NYSE:AIN) last released its quarterly earnings results on Tuesday, February 24th. The textile maker reported $0.65 EPS for the quarter, beating the consensus estimate of $0.64 by $0.01. The firm had revenue of $321.21 million for the quarter, compared to analyst estimates of $292.32 million. Albany International had a negative net margin of 4.85% and a positive return on equity of 9.64%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.58 EPS. Albany International has set its Q1 2026 guidance at 0.500-0.600 EPS. On average, analysts expect that Albany International Corporation will post 3.23 EPS for the current year.

Albany International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 7th. Investors of record on Friday, March 20th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, March 20th. Albany International’s dividend payout ratio (DPR) is presently -55.45%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Albany International from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Friday, January 16th. Truist Financial set a $55.00 price target on Albany International in a report on Friday, January 9th. Weiss Ratings reissued a “sell (d)” rating on shares of Albany International in a research note on Monday, December 29th. Finally, Zacks Research upgraded Albany International from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Four analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $61.50.

Albany International Company 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.