William Blair Investment Management LLC Decreases Stock Holdings in Albany International Corporation $AIN

William Blair Investment Management LLC decreased its holdings in shares of Albany International Corporation (NYSE:AIN) by 44.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 483,935 shares of the textile maker’s stock after selling 392,520 shares during the period. William Blair Investment Management LLC’s holdings in Albany International were worth $24,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AIN. 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 buying an additional 201 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of 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 buying an additional 375 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Albany International by 32.4% during the 2nd 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. 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 buying an additional 270 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Albany International during the 3rd quarter valued at approximately $66,000. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Albany International Trading Up 0.1%

Shares of AIN stock opened at $62.20 on Tuesday. The stock’s fifty day moving average is $56.57 and its two-hundred day moving average is $54.47. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.88 and a current ratio of 2.20. The firm has a market capitalization of $1.77 billion, a P/E ratio of -30.49, a PEG ratio of 2.51 and a beta of 1.18. Albany International Corporation has a fifty-two week low of $41.15 and a fifty-two week high of $73.00.

Albany International (NYSE:AIN) last announced its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The company had revenue of $311.33 million for the quarter, compared to analyst estimates of $281.00 million. Albany International had a positive return on equity of 9.44% and a negative net margin of 4.93%.The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.73 EPS. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. Research analysts expect that Albany International Corporation will post 2.91 earnings per share for the current fiscal year.

Albany International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Friday, June 5th will be issued 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 1.8%. Albany International’s dividend payout ratio (DPR) is presently -54.90%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on AIN shares. Zacks Research upgraded Albany International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Albany International in a research report on Friday, March 27th. Truist Financial upgraded Albany International to a “hold” rating in a report on Thursday, May 21st. Finally, Wall Street Zen upgraded Albany International from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Four investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target 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.