Aristotle Capital Boston LLC Cuts Holdings in Albany International Corporation $AIN

Aristotle Capital Boston LLC trimmed its holdings in shares of Albany International Corporation (NYSE:AIN) by 9.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 304,740 shares of the textile maker’s stock after selling 31,921 shares during the period. Aristotle Capital Boston LLC owned about 1.06% of Albany International worth $15,450,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of AIN. CWM LLC grew its holdings in shares of 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 acquiring an additional 201 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Albany International by 227.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 540 shares of the textile maker’s stock worth $38,000 after acquiring an additional 375 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Albany International by 32.4% in the 2nd 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 period. Osaic Holdings Inc. grew its holdings in shares of Albany International by 42.3% in the 2nd quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock worth $64,000 after acquiring an additional 270 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Albany International in the 3rd quarter worth approximately $66,000. Institutional investors and hedge funds own 97.37% of the company’s stock.

Wall Street Analyst Weigh In

AIN has been the topic of a number of research reports. Zacks Research upgraded Albany International from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Weiss Ratings restated a “sell (d)” rating on shares of Albany International in a report on Friday, March 27th. Wall Street Zen cut Albany International from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Finally, 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. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $62.33.

Albany International Price Performance

Shares of NYSE:AIN opened at $70.43 on Thursday. The business’s fifty day moving average price is $61.70 and its two-hundred day moving average price is $56.97. The stock has a market cap of $2.00 billion, a PE ratio of -34.52, a price-to-earnings-growth ratio of 3.00 and a beta of 1.20. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.88 and a current ratio of 2.20. Albany International Corporation has a one year low of $41.15 and a one year high of $73.00.

Albany International (NYSE:AIN) last announced its earnings results on Thursday, April 30th. The textile maker reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The firm had revenue of $311.33 million for the quarter, compared to analysts’ expectations of $281.00 million. Albany International had a positive return on equity of 9.44% and a negative net margin of 4.93%.Albany International’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 EPS. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. On average, analysts forecast that Albany International Corporation will post 2.79 EPS for the current fiscal year.

Albany International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Friday, June 5th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, June 5th. Albany International’s dividend payout ratio is -54.90%.

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.