Sei Investments Co. Acquires 10,878 Shares of Albany International Corporation $AIN

Sei Investments Co. raised its holdings in Albany International Corporation (NYSE:AIN) by 1.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 786,470 shares of the textile maker’s stock after buying an additional 10,878 shares during the quarter. Sei Investments Co. owned 2.77% of Albany International worth $41,062,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in AIN. 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. California State Teachers Retirement System increased 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 period. CWM LLC increased its position in Albany International by 39.3% during the fourth 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. raised its stake in Albany International by 42.3% during 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 during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in 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 purchasing an additional 375 shares during the last quarter. 97.37% of the stock is owned by institutional investors.

Albany International Stock Performance

Shares of NYSE AIN opened at $75.26 on Monday. The business has a fifty day simple moving average of $69.99 and a 200 day simple moving average of $61.37. The company has a current ratio of 2.20, a quick ratio of 1.88 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of -36.89, a PEG ratio of 3.22 and a beta of 1.17. Albany International Corporation has a one year low of $41.15 and a one year high of $76.99.

Albany International (NYSE:AIN) last posted its quarterly earnings results on Thursday, April 30th. The textile maker reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. Albany International had a negative net margin of 4.93% and a positive return on equity of 9.44%. The firm had revenue of $311.33 million for the quarter, compared to the consensus estimate of $281.00 million. During the same quarter in the previous year, the company earned $0.73 earnings per share. The business’s revenue was up 7.8% compared to the same quarter last year. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. Sell-side analysts expect that Albany International Corporation will post 2.79 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 issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, June 5th. Albany International’s dividend payout ratio (DPR) is presently -54.90%.

Analysts Set New Price Targets

AIN has been the topic of several research analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Albany International in a research report on Wednesday, June 24th. Truist Financial upped their price objective on shares of Albany International from $55.00 to $61.00 and gave the company a “hold” rating in a research report on Friday, June 12th. Finally, Wall Street Zen upgraded shares of Albany International from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and an average 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.