Legato Capital Management LLC trimmed its position in shares of Albany International Corporation (NYSE:AIN – Free Report) by 48.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,552 shares of the textile maker’s stock after selling 10,029 shares during the quarter. Legato Capital Management LLC’s holdings in Albany International were worth $535,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position 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 during the last quarter. California State Teachers Retirement System lifted its position in Albany International by 0.6% during the second quarter. California State Teachers Retirement System now owns 28,783 shares of the textile maker’s stock worth $2,019,000 after acquiring an additional 179 shares during the last quarter. CWM LLC grew its position 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 purchasing an additional 201 shares during the last quarter. Dakota Wealth Management increased its stake in shares of Albany International by 1.8% during the third quarter. Dakota Wealth Management now owns 13,878 shares of the textile maker’s stock worth $740,000 after purchasing an additional 245 shares during the period. Finally, Osaic Holdings Inc. increased its stake in shares of Albany International by 42.3% during 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. 97.37% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on AIN shares. Zacks Research raised Albany International from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of Albany International in a report on Friday, March 27th. Truist Financial raised Albany International to a “hold” rating in a report on Thursday, May 21st. Finally, Wall Street Zen raised Albany International from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Four investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Albany International has a consensus rating of “Reduce” and an average price target of $61.50.
Albany International Stock Performance
Shares of NYSE:AIN opened at $63.66 on Wednesday. The firm has a market cap of $1.81 billion, a PE ratio of -31.21, a PEG ratio of 2.54 and a beta of 1.18. Albany International Corporation has a 12-month low of $41.15 and a 12-month high of $73.00. The company has a quick ratio of 1.88, a current ratio of 2.20 and a debt-to-equity ratio of 0.65. The company’s 50 day moving average price is $56.77 and its two-hundred day moving average price is $54.53.
Albany International (NYSE:AIN – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. The firm 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 company’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned $0.73 EPS. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. Equities research analysts predict that Albany International Corporation will post 2.91 earnings per share for the current year.
Albany International Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, June 5th. Albany International’s dividend payout ratio is -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.
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