Albany International Corporation $AIN Shares Bought by Invenomic Capital Management LP

Invenomic Capital Management LP raised its position in Albany International Corporation (NYSE:AIN) by 19.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 386,053 shares of the textile maker’s stock after acquiring an additional 62,058 shares during the period. Invenomic Capital Management LP’s holdings in Albany International were worth $19,573,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. First Eagle Investment Management LLC acquired a new stake in Albany International in the third quarter valued at approximately $3,145,000. Deprince Race & Zollo Inc. acquired a new stake in Albany International in the fourth quarter valued at approximately $18,507,000. William Blair Investment Management LLC boosted its stake in 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 valued at $46,715,000 after acquiring an additional 174,023 shares in the last quarter. Numerai GP LLC acquired a new stake in Albany International in the third quarter valued at approximately $2,658,000. Finally, Connors Investor Services Inc. lifted its stake in shares of Albany International by 83.3% during the fourth quarter. Connors Investor Services Inc. now owns 69,408 shares of the textile maker’s stock worth $3,519,000 after buying an additional 31,551 shares during the period. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Albany International Trading Up 0.2%

NYSE:AIN opened at $70.43 on Thursday. Albany International Corporation has a 12 month low of $41.15 and a 12 month high of $73.00. The firm has a fifty day simple moving average of $61.70 and a 200-day simple moving average of $56.97. 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 company has a market capitalization of $2.00 billion, a P/E ratio of -34.52, a PEG ratio of 3.00 and a beta of 1.20.

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

Albany International Announces Dividend

The firm 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 dividend of $0.28 per share. The ex-dividend date 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 currently -54.90%.

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.