95,900 Shares in Albany International Corporation $AIN Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC bought a new stake in shares of Albany International Corporation (NYSE:AIN) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 95,900 shares of the textile maker’s stock, valued at approximately $5,007,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC increased its position in 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 buying an additional 201 shares during the period. EverSource Wealth Advisors LLC boosted its position 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 acquiring an additional 375 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of 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 acquiring an additional 174 shares during the period. Osaic Holdings Inc. boosted its position 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 acquiring an additional 270 shares during the period. Finally, Quadrant Capital Group LLC grew its stake in shares of Albany International by 519.7% in the fourth quarter. Quadrant Capital Group LLC now owns 1,382 shares of the textile maker’s stock worth $70,000 after acquiring an additional 1,159 shares during the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

Albany International Stock Performance

AIN opened at $61.27 on Friday. The stock’s 50 day simple moving average is $71.53 and its 200-day simple moving average is $62.26. The company has a current ratio of 2.24, a quick ratio of 1.88 and a debt-to-equity ratio of 0.60. The stock has a market cap of $1.74 billion, a PE ratio of -35.21, a P/E/G ratio of 2.58 and a beta of 1.17. Albany International Corporation has a 1 year low of $41.15 and a 1 year high of $77.00.

Albany International (NYSE:AIN) last issued its earnings results on Tuesday, August 4th. The textile maker reported $0.82 EPS for the quarter, topping the consensus estimate of $0.74 by $0.08. Albany International had a positive return on equity of 10.76% and a negative net margin of 4.18%.The firm had revenue of $329.48 million during the quarter, compared to analysts’ expectations of $340.10 million. During the same period last year, the business earned $0.31 earnings per share. Albany International’s quarterly revenue was up 5.8% compared to the same quarter last year. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. Sell-side analysts forecast that Albany International Corporation will post 2.85 EPS for the current year.

Albany International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Friday, June 5th were paid a $0.28 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.8%. Albany International’s dividend payout ratio is currently -64.37%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AIN. Truist Financial boosted their target price on shares of Albany International from $55.00 to $61.00 and gave the stock a “hold” rating in a research report on Friday, June 12th. Wall Street Zen upgraded shares of Albany International from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Finally, Weiss Ratings upgraded shares of Albany International from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Three research 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 an average target price of $54.00.

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.