William Blair Investment Management LLC Purchases 174,023 Shares of Albany International Corporation $AIN

William Blair Investment Management LLC increased its position in Albany International Corporation (NYSE:AIN) by 24.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 876,455 shares of the textile maker’s stock after buying an additional 174,023 shares during the period. William Blair Investment Management LLC’s holdings in Albany International were worth $46,715,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AIN. American Century Companies Inc. raised its holdings in Albany International by 37.6% in the 2nd quarter. American Century Companies Inc. now owns 1,697,965 shares of the textile maker’s stock worth $119,079,000 after acquiring an additional 464,040 shares during the period. Granite Investment Partners LLC increased its stake in shares of Albany International by 299.2% in the third quarter. Granite Investment Partners LLC now owns 171,707 shares of the textile maker’s stock worth $9,152,000 after purchasing an additional 128,693 shares during the period. Jane Street Group LLC bought a new stake in Albany International during the 1st quarter valued at approximately $7,468,000. Millennium Management LLC grew its holdings in Albany International by 464.4% in the 1st quarter. Millennium Management LLC now owns 91,934 shares of the textile maker’s stock valued at $6,347,000 after buying an additional 75,644 shares during the last quarter. Finally, Sei Investments Co. increased its position in Albany International by 9.3% in the 2nd quarter. Sei Investments Co. now owns 797,414 shares of the textile maker’s stock worth $55,923,000 after buying an additional 68,079 shares during the period. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on AIN. Truist Financial set a $55.00 price objective on shares of Albany International in a research note on Friday, January 9th. Zacks Research downgraded shares of Albany International from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 18th. JPMorgan Chase & Co. increased their target price on shares of Albany International from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, January 16th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Albany International in a research report on Monday, December 29th. Three research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Albany International presently has a consensus rating of “Reduce” and a consensus target price of $61.50.

Albany International Stock Performance

NYSE AIN opened at $57.51 on Monday. The stock has a market cap of $1.65 billion, a P/E ratio of -28.47, a PEG ratio of 2.32 and a beta of 1.18. The company’s 50-day simple moving average is $56.03 and its 200 day simple moving average is $55.23. Albany International Corporation has a twelve month low of $41.15 and a twelve month high of $77.36. The company has a quick ratio of 1.83, a current ratio of 2.10 and a debt-to-equity ratio of 0.62.

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

Albany International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Tuesday, December 16th were paid a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $1.12 annualized dividend and a yield of 1.9%. This is a positive change from Albany International’s previous quarterly dividend of $0.27. Albany International’s payout ratio is presently -55.45%.

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.