Irenic Capital Management LP Invests $1.01 Million in Albany International Corporation $AIN

Irenic Capital Management LP purchased a new position in Albany International Corporation (NYSE:AIN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,000 shares of the textile maker’s stock, valued at approximately $1,014,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of AIN. American Century Companies Inc. boosted its holdings 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 boosted its holdings in Albany International by 1.8% in the 2nd quarter. Bank of America Corp DE now owns 1,457,609 shares of the textile maker’s stock valued at $102,222,000 after purchasing an additional 25,283 shares during the last quarter. State Street Corp boosted its holdings in Albany International by 1.1% in the 4th quarter. State Street Corp now owns 1,141,412 shares of the textile maker’s stock valued at $58,161,000 after purchasing an additional 12,684 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in Albany International by 24.8% in the 3rd quarter. William Blair Investment Management LLC now owns 876,455 shares of the textile maker’s stock valued at $46,715,000 after purchasing an additional 174,023 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in Albany International by 0.7% in the 3rd quarter. Sei Investments Co. now owns 802,840 shares of the textile maker’s stock valued at $42,791,000 after purchasing an additional 5,426 shares during the last quarter. 97.37% of the stock is owned by hedge funds and other institutional investors.

Albany International Price Performance

Albany International stock opened at $70.43 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.88 and a current ratio of 2.20. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of -34.52, a price-to-earnings-growth ratio of 3.00 and a beta of 1.20. The company’s 50 day simple moving average is $61.70 and its 200-day simple moving average is $56.97. Albany International Corporation has a 1 year low of $41.15 and a 1 year high of $73.00.

Albany International (NYSE:AIN) last announced its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The firm had revenue of $311.33 million during the quarter, compared to analysts’ expectations 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 previous year, the business posted $0.73 earnings per share. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. As a group, equities research analysts expect that Albany International Corporation will post 2.79 earnings per share for the current year.

Albany International Announces Dividend

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

Wall Street Analyst Weigh In

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

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.