Y Intercept Hong Kong Ltd Decreases Stake in Albany International Corporation $AIN

Y Intercept Hong Kong Ltd cut its stake in shares of Albany International Corporation (NYSE:AIN) by 53.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,861 shares of the textile maker’s stock after selling 31,093 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Albany International were worth $1,402,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in AIN. EverSource Wealth Advisors LLC boosted its holdings in Albany International by 227.3% during the second quarter. EverSource Wealth Advisors LLC now owns 540 shares of the textile maker’s stock worth $38,000 after buying an additional 375 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in 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 buying an additional 174 shares in the last quarter. CWM LLC lifted its position in shares of Albany International by 39.3% during the 4th quarter. CWM LLC now owns 712 shares of the textile maker’s stock valued at $36,000 after acquiring an additional 201 shares during the period. Osaic Holdings Inc. lifted its position in shares of 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 acquiring an additional 270 shares during the period. Finally, Lazard Asset Management LLC purchased a new stake in shares of Albany International during the 2nd quarter worth approximately $77,000. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Albany International Price Performance

Shares of AIN stock traded down $0.36 during trading hours on Friday, hitting $72.52. The company’s stock had a trading volume of 123,913 shares, compared to its average volume of 243,519. The business has a fifty day moving average of $67.34 and a 200-day moving average of $59.70. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of -35.55, a P/E/G ratio of 3.11 and a beta of 1.17. Albany International Corporation has a twelve month low of $41.15 and a twelve month high of $76.56. The company has a current ratio of 2.20, a quick ratio of 1.88 and a debt-to-equity ratio of 0.65.

Albany International (NYSE:AIN) last issued its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.05. Albany International had a positive return on equity of 9.44% and a negative net margin of 4.93%.The firm had revenue of $311.33 million during the quarter, compared to the consensus estimate of $281.00 million. During the same period in the previous year, the firm posted $0.73 EPS. The company’s quarterly 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. As a group, equities research analysts anticipate that Albany International Corporation will post 2.79 EPS for the current year.

Albany International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Friday, June 5th were issued a $0.28 dividend. 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 payout ratio is -54.90%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AIN. Truist Financial upped their price target on Albany International from $55.00 to $61.00 and gave the stock a “hold” rating in a report on Friday, June 12th. Wall Street Zen cut Albany International from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Albany International in a report on Wednesday, June 24th. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Albany International has a consensus rating of “Reduce” and a consensus price target of $62.33.

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.