Invenomic Capital Management LP Purchases Shares of 323,995 Albany International Corporation $AIN

Invenomic Capital Management LP purchased a new stake in Albany International Corporation (NYSE:AIN) during the third quarter, Holdings Channel reports. The fund purchased 323,995 shares of the textile maker’s stock, valued at approximately $17,269,000.

Other hedge funds have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted 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 worth $38,000 after purchasing an additional 375 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of 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. Osaic Holdings Inc. raised 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 valued at $64,000 after buying an additional 270 shares during the period. Lazard Asset Management LLC acquired a new position in Albany International during the 2nd quarter worth about $77,000. Finally, Aster Capital Management DIFC Ltd purchased a new position in Albany International during the 3rd quarter valued at about $66,000. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AIN. JPMorgan Chase & Co. increased their price target on shares of Albany International from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Albany International in a research note on Monday, December 29th. Truist Financial set a $55.00 target price on shares of Albany International in a report on Friday, January 9th. Finally, Zacks Research upgraded shares of Albany International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $61.50.

Albany International Stock Performance

Shares of AIN opened at $53.58 on Monday. Albany International Corporation has a 1 year low of $41.15 and a 1 year high of $75.15. The stock has a market capitalization of $1.54 billion, a PE ratio of -26.52, a PEG ratio of 2.08 and a beta of 1.18. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.83 and a current ratio of 2.10. The stock has a 50-day simple moving average of $57.23 and a 200-day simple moving average of $54.80.

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

Albany International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 7th. Stockholders of record on Friday, March 20th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, March 20th. Albany International’s dividend payout ratio (DPR) is presently -55.45%.

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.