Fifth Third Bancorp Has $803,000 Holdings in Albany International Corporation $AIN

Fifth Third Bancorp lifted its position in shares of Albany International Corporation (NYSE:AIN) by 100.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,382 shares of the textile maker’s stock after purchasing an additional 7,692 shares during the period. Fifth Third Bancorp owned 0.05% of Albany International worth $803,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC lifted its stake in Albany International by 32.4% in the second 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. California State Teachers Retirement System increased its position in Albany International by 0.6% in the second quarter. California State Teachers Retirement System now owns 28,783 shares of the textile maker’s stock worth $2,019,000 after buying an additional 179 shares during the last quarter. CWM LLC raised its stake in shares of Albany International by 39.3% in the fourth quarter. CWM LLC now owns 712 shares of the textile maker’s stock valued at $36,000 after buying an additional 201 shares during the period. Osaic Holdings Inc. raised its stake in shares of Albany International by 42.3% in the second quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock valued at $64,000 after buying an additional 270 shares during the period. Finally, 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 buying an additional 375 shares during the last quarter. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AIN shares. Truist Financial lifted their price objective on Albany International from $55.00 to $61.00 and gave the stock a “hold” rating in a report on Friday, June 12th. Wall Street Zen raised shares of Albany International from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Albany International in a research report on Wednesday, June 24th. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $62.33.

Albany International Price Performance

Albany International stock opened at $76.04 on Tuesday. Albany International Corporation has a one year low of $41.15 and a one year high of $77.00. The business has a fifty day moving average price of $70.29 and a 200-day moving average price of $61.52. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.20 and a quick ratio of 1.88. The firm has a market capitalization of $2.16 billion, a P/E ratio of -37.27, a PEG ratio of 3.22 and a beta of 1.17.

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

Albany International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Friday, June 5th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, June 5th. Albany International’s payout ratio is presently -54.90%.

Albany International 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.