Gilman Hill Asset Management LLC Sells 29,609 Shares of Albany International Corporation $AIN

Gilman Hill Asset Management LLC reduced its stake in Albany International Corporation (NYSE:AIN) by 63.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 17,288 shares of the textile maker’s stock after selling 29,609 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Albany International were worth $877,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AIN. EverSource Wealth Advisors LLC boosted its holdings 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 acquiring an additional 375 shares during the last quarter. Smartleaf Asset Management LLC grew its stake 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 in the last quarter. Osaic Holdings Inc. raised its holdings in shares of Albany International by 42.3% in the second quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock valued at $64,000 after purchasing an additional 270 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Albany International during the third quarter valued at about $66,000. Finally, Lazard Asset Management LLC bought a new position in shares of Albany International during the second quarter valued at about $77,000. 97.37% of the stock is currently owned by institutional investors.

Albany International Price Performance

Shares of NYSE:AIN opened at $51.99 on Wednesday. The company has a market capitalization of $1.47 billion, a P/E ratio of -25.74, a price-to-earnings-growth ratio of 1.97 and a beta of 1.18. The company’s 50-day moving average is $56.74 and its 200 day moving average is $54.28. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.83 and a current ratio of 2.10. Albany International Corporation has a fifty-two week low of $41.15 and a fifty-two week high of $74.16.

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

Albany International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 7th. Stockholders of record on Friday, March 20th will be paid a dividend of $0.28 per share. The ex-dividend date is Friday, March 20th. This represents a $1.12 annualized dividend and a dividend yield of 2.2%. Albany International’s dividend payout ratio (DPR) is presently -55.45%.

Wall Street Analyst Weigh In

AIN has been the subject of a number of recent analyst reports. Zacks Research raised shares of Albany International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of Albany International in a research report on Monday, December 29th. Truist Financial set a $55.00 target price on Albany International in a research note on Friday, January 9th. Finally, JPMorgan Chase & Co. upped their target price on Albany International from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Friday, January 16th. Four equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus 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.