Louisiana State Employees Retirement System Takes Position in Albany International Corporation $AIN

Louisiana State Employees Retirement System bought a new position in Albany International Corporation (NYSE:AIN) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,700 shares of the textile maker’s stock, valued at approximately $663,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC boosted its holdings in shares of Albany International by 39.3% in the 4th quarter. CWM LLC now owns 712 shares of the textile maker’s stock valued at $36,000 after purchasing an additional 201 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Albany International by 227.3% during the second quarter. EverSource Wealth Advisors LLC now owns 540 shares of the textile maker’s stock valued at $38,000 after acquiring an additional 375 shares during the period. Smartleaf Asset Management LLC grew its position in Albany International by 32.4% during the second quarter. Smartleaf Asset Management LLC now owns 711 shares of the textile maker’s stock valued at $49,000 after acquiring an additional 174 shares during the period. Osaic Holdings Inc. increased its stake in Albany International by 42.3% during the second quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock worth $64,000 after acquiring an additional 270 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its stake in Albany International by 519.7% during the fourth quarter. Quadrant Capital Group LLC now owns 1,382 shares of the textile maker’s stock worth $70,000 after acquiring an additional 1,159 shares during the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Albany International in a report on Wednesday, June 24th. Wall Street Zen lowered shares of Albany International from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Finally, Truist Financial lifted their price target on shares of Albany International from $55.00 to $61.00 and gave the company a “hold” rating in a research report on Friday, June 12th. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $62.33.

Albany International Stock Down 2.2%

Shares of AIN traded down $1.63 during midday trading on Tuesday, reaching $72.35. 7,495 shares of the company were exchanged, compared to its average volume of 276,524. The stock has a 50-day moving average price of $66.02 and a 200-day moving average price of $59.14. The company has a market cap of $2.05 billion, a price-to-earnings ratio of -35.47, a P/E/G ratio of 3.13 and a beta of 1.17. Albany International Corporation has a 1-year low of $41.15 and a 1-year high of $76.56. The company has a current ratio of 2.20, a quick ratio of 1.88 and a debt-to-equity ratio of 0.65.

Albany International (NYSE:AIN) last posted its earnings results on Thursday, April 30th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The business had revenue of $311.33 million during 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 company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.73 earnings per share. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. Research analysts expect that Albany International Corporation will post 2.79 earnings per share for the current year.

Albany International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Friday, June 5th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, June 5th. Albany International’s payout ratio is presently -54.90%.

About Albany International

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.