Gamco Investors INC. ET AL Has $10.90 Million Position in Albany International Corporation $AIN

Gamco Investors INC. ET AL grew its holdings in shares of Albany International Corporation (NYSE:AIN) by 130.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 215,044 shares of the textile maker’s stock after acquiring an additional 121,614 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Albany International were worth $10,903,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Gabelli Funds LLC grew its holdings in Albany International by 68.3% during the 4th quarter. Gabelli Funds LLC now owns 149,477 shares of the textile maker’s stock worth $7,578,000 after acquiring an additional 60,668 shares during the period. First Eagle Investment Management LLC grew its holdings in Albany International by 123.4% during the 4th quarter. First Eagle Investment Management LLC now owns 131,829 shares of the textile maker’s stock worth $6,684,000 after acquiring an additional 72,829 shares during the period. Strs Ohio grew its holdings in Albany International by 2,700.0% during the 4th quarter. Strs Ohio now owns 2,800 shares of the textile maker’s stock worth $142,000 after acquiring an additional 2,700 shares during the period. State of New Jersey Common Pension Fund D grew its holdings in Albany International by 49.3% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 50,929 shares of the textile maker’s stock worth $2,582,000 after acquiring an additional 16,825 shares during the period. Finally, Skylands Capital LLC grew its stake in shares of Albany International by 66.0% in the 4th quarter. Skylands Capital LLC now owns 62,050 shares of the textile maker’s stock valued at $3,146,000 after buying an additional 24,675 shares during the period. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Zacks Research upgraded Albany International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. Wall Street Zen upgraded Albany International from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Albany International in a research note on Friday, March 27th. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Albany International currently has a consensus rating of “Reduce” and a consensus target price of $61.50.

Albany International Stock Performance

Shares of AIN opened at $61.05 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.20 and a quick ratio of 1.88. The stock has a 50-day moving average of $56.09 and a 200-day moving average of $54.30. The company has a market cap of $1.73 billion, a PE ratio of -29.93, a P/E/G ratio of 2.48 and a beta of 1.18. Albany International Corporation has a one year low of $41.15 and a one year high of $73.00.

Albany International (NYSE:AIN) last issued its 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. Albany International had a positive return on equity of 9.44% and a negative net margin of 4.93%.The company had revenue of $311.33 million during the quarter, compared to the consensus estimate of $281.00 million. During the same period last year, the business posted $0.73 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. On average, equities research analysts predict that Albany International Corporation will post 2.91 EPS for the current fiscal year.

Albany International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Friday, June 5th will be given a $0.28 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.12 annualized dividend and a yield of 1.8%. Albany International’s dividend payout ratio (DPR) is presently -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.