Victory Capital Management Inc. Sells 645,820 Shares of Albany International Corporation $AIN

Victory Capital Management Inc. cut its position in Albany International Corporation (NYSE:AIN) by 74.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 222,001 shares of the textile maker’s stock after selling 645,820 shares during the quarter. Victory Capital Management Inc. owned about 0.75% of Albany International worth $11,833,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AIN. Smartleaf Asset Management LLC lifted its holdings in Albany International by 32.4% during 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 raised its position in shares of 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 valued at $2,019,000 after purchasing an additional 179 shares during the period. Blue Trust Inc. lifted its stake in shares of Albany International by 6.1% during the 3rd quarter. Blue Trust Inc. now owns 3,433 shares of the textile maker’s stock valued at $183,000 after buying an additional 196 shares in the last quarter. Dakota Wealth Management lifted its stake in shares of Albany International by 1.8% during the 3rd quarter. Dakota Wealth Management now owns 13,878 shares of the textile maker’s stock valued at $740,000 after buying an additional 245 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Albany International by 3.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,754 shares of the textile maker’s stock worth $544,000 after buying an additional 264 shares during the period. 97.37% of the stock is currently owned by institutional investors.

Albany International Stock Performance

NYSE:AIN opened at $56.05 on Thursday. The stock has a market cap of $1.61 billion, a P/E ratio of -27.75, a PEG ratio of 2.17 and a beta of 1.18. 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 business’s 50-day moving average price is $57.12 and its two-hundred day moving average price is $55.01. Albany International Corporation has a twelve month low of $41.15 and a twelve month high of $75.15.

Albany International (NYSE:AIN) last issued its quarterly earnings data on Tuesday, February 24th. The textile maker reported $0.65 EPS for the quarter, topping the consensus estimate of $0.64 by $0.01. The company had revenue of $321.21 million during the quarter, compared to analyst estimates of $292.32 million. Albany International had a positive return on equity of 9.64% and a negative net margin of 4.85%.Albany International’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.58 earnings per share. Albany International has set its Q1 2026 guidance at 0.500-0.600 EPS. As a group, equities analysts predict that Albany International Corporation will post 3.23 EPS for the current fiscal year.

Albany International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 7th. Stockholders of record on Friday, March 20th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, March 20th. Albany International’s payout ratio is currently -55.45%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Truist Financial set a $55.00 target price on Albany International in a research report on Friday, January 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of Albany International in a research note on Monday, December 29th. Zacks Research raised Albany International from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Finally, JPMorgan Chase & Co. raised their target price on Albany International from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $61.50.

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.