UBS Group AG Sells 212,611 Shares of Albany International Corporation $AIN

UBS Group AG decreased its position in shares of Albany International Corporation (NYSE:AIN) by 64.9% during the 4th quarter, Holdings Channel reports. The fund owned 114,855 shares of the textile maker’s stock after selling 212,611 shares during the quarter. UBS Group AG’s holdings in Albany International were worth $5,823,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. CWM LLC boosted its position in shares of 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 purchasing an additional 201 shares in the last quarter. 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 worth $38,000 after buying an additional 375 shares during the period. Smartleaf Asset Management LLC raised its stake in Albany International by 32.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 711 shares of the textile maker’s stock worth $49,000 after buying an additional 174 shares during the period. Osaic Holdings Inc. lifted its holdings in Albany International by 42.3% during the second quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock worth $64,000 after acquiring an additional 270 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in Albany International during the third quarter worth about $66,000. Institutional investors and hedge funds own 97.37% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on AIN shares. Weiss Ratings restated a “sell (d)” rating on shares of Albany International in a report on Friday, March 27th. Zacks Research upgraded Albany International from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Finally, Wall Street Zen upgraded Albany International from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $61.50.

Albany International Stock Down 0.2%

Albany International stock opened at $60.08 on Thursday. 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 company has a fifty day simple moving average of $56.20 and a 200 day simple moving average of $54.34. The company has a market cap of $1.71 billion, a P/E ratio of -29.45, a price-to-earnings-growth ratio of 2.46 and a beta of 1.18. Albany International Corporation has a 1-year low of $41.15 and a 1-year high of $73.00.

Albany International (NYSE:AIN) last issued its quarterly earnings results on Thursday, April 30th. The textile maker reported $0.60 EPS for the quarter, beating the consensus estimate of $0.55 by $0.05. The firm had revenue of $311.33 million during 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%.The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.73 earnings per share. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. Research analysts anticipate that Albany International Corporation will post 2.91 earnings per share for the current fiscal year.

Albany International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Friday, June 5th will be paid a $0.28 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.12 dividend on an annualized basis and a yield of 1.9%. Albany International’s dividend payout ratio (DPR) is currently -54.90%.

Albany International 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.