Gilman Hill Asset Management LLC Has $877,000 Holdings in Albany International Corporation $AIN

Gilman Hill Asset Management LLC trimmed its holdings in shares of Albany International Corporation (NYSE:AIN) by 63.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,288 shares of the textile maker’s stock after selling 29,609 shares during the period. Gilman Hill Asset Management LLC owned approximately 0.06% of Albany International worth $877,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of AIN. EverSource Wealth Advisors LLC lifted its position in shares of 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 acquiring an additional 375 shares during the period. Smartleaf Asset Management LLC boosted its stake in Albany International by 32.4% during the second quarter. Smartleaf Asset Management LLC now owns 711 shares of the textile maker’s stock worth $49,000 after acquiring an additional 174 shares in the last quarter. Osaic Holdings Inc. grew its holdings in Albany International by 42.3% in the second quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock worth $64,000 after purchasing an additional 270 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in Albany International in the third quarter valued at $66,000. Finally, Lazard Asset Management LLC bought a new stake in Albany International in the second quarter valued at $77,000. Institutional investors and hedge funds own 97.37% of the company’s stock.

Albany International Stock Up 2.2%

Albany International stock opened at $51.99 on Wednesday. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of -25.74, a price-to-earnings-growth ratio of 1.97 and a beta of 1.18. The firm’s fifty day moving average price is $56.74 and its two-hundred day moving average price is $54.28. Albany International Corporation has a 1-year low of $41.15 and a 1-year high of $74.16. The company has a current ratio of 2.10, a quick ratio of 1.83 and a debt-to-equity ratio of 0.62.

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

Albany International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 7th. Shareholders of record on Friday, March 20th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, March 20th. Albany International’s payout ratio is currently -55.45%.

Wall Street Analyst Weigh In

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