Albany International Corporation (AIN) to Issue Quarterly Dividend of $0.28 on April 7th

Albany International Corporation (NYSE:AIN) declared a quarterly dividend on Monday, March 2nd. Stockholders of record on Friday, March 20th will be paid a dividend of 0.28 per share by the textile maker on Tuesday, April 7th. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, March 20th.

Albany International has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 7 consecutive years. Albany International has a dividend payout ratio of 28.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Albany International to earn $3.79 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 29.6%.

Albany International Price Performance

Shares of AIN opened at $58.79 on Wednesday. The company has a quick ratio of 1.83, a current ratio of 2.10 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.69 billion, a price-to-earnings ratio of -29.10, a price-to-earnings-growth ratio of 2.26 and a beta of 1.18. The company has a 50 day moving average of $56.35 and a two-hundred day moving average of $55.17. Albany International has a twelve month low of $41.15 and a twelve month high of $75.16.

Albany International (NYSE:AIN) last announced its quarterly earnings data on Tuesday, February 24th. The textile maker reported $0.65 EPS for the quarter, beating 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 firm had revenue of $321.21 million during the quarter, compared to analyst estimates of $292.32 million. During the same period last year, the firm posted $0.58 EPS. Albany International’s revenue was up 12.0% on a year-over-year basis. Albany International has set its Q1 2026 guidance at 0.500-0.600 EPS. As a group, analysts predict that Albany International will post 3.23 earnings per share for the current fiscal year.

Institutional Trading of Albany International

Several hedge funds and other institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake in shares of Albany International by 227.3% in the second quarter. EverSource Wealth Advisors LLC now owns 540 shares of the textile maker’s stock valued at $38,000 after purchasing an additional 375 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Albany International by 32.4% during the 2nd 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. CWM LLC grew its holdings in shares of Albany International by 39.3% in the 4th quarter. CWM LLC now owns 712 shares of the textile maker’s stock worth $36,000 after acquiring an additional 201 shares during the period. Osaic Holdings Inc. increased its stake in Albany International by 42.3% in the 2nd quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock valued at $64,000 after purchasing an additional 270 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new position in Albany International during the second quarter worth $77,000. Hedge funds and other institutional investors own 97.37% of the company’s stock.

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.