Fifth Third Bancorp Boosts Holdings in Albany International Corporation $AIN

Fifth Third Bancorp raised its position in Albany International Corporation (NYSE:AIN) by 100.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,382 shares of the textile maker’s stock after purchasing an additional 7,692 shares during the period. Fifth Third Bancorp’s holdings in Albany International were worth $803,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. CWM LLC boosted its stake in Albany International by 39.3% during the fourth quarter. CWM LLC now owns 712 shares of the textile maker’s stock valued at $36,000 after buying an additional 201 shares during the period. 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 worth $38,000 after buying an additional 375 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in 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 during the last quarter. Osaic Holdings Inc. increased its stake in Albany International by 42.3% in the 2nd 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 raised its holdings in shares of Albany International by 519.7% in the 4th quarter. Quadrant Capital Group LLC now owns 1,382 shares of the textile maker’s stock valued at $70,000 after acquiring an additional 1,159 shares in the last quarter. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AIN has been the subject of a number of research analyst reports. Truist Financial lifted their price target on Albany International from $55.00 to $61.00 and gave the company a “hold” rating in a research report on Friday, June 12th. Weiss Ratings restated a “sell (d)” rating on shares of Albany International in a research report on Wednesday, June 24th. Finally, Wall Street Zen raised shares of Albany International from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $62.33.

Albany International Stock Up 0.7%

AIN opened at $76.04 on Tuesday. The stock has a market cap of $2.16 billion, a PE ratio of -37.27, a P/E/G ratio of 3.22 and a beta of 1.17. The company has a quick ratio of 1.88, a current ratio of 2.20 and a debt-to-equity ratio of 0.65. Albany International Corporation has a 52 week low of $41.15 and a 52 week high of $77.00. The business’s fifty day simple moving average is $70.29 and its 200 day simple moving average is $61.52.

Albany International (NYSE:AIN) last issued its quarterly earnings results on Thursday, April 30th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $311.33 million during the quarter, compared to analyst estimates of $281.00 million. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s revenue 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. As a group, research analysts expect that Albany International Corporation will post 2.79 earnings per share for the current fiscal year.

Albany International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Friday, June 5th were issued 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 was Friday, June 5th. Albany International’s dividend payout ratio (DPR) is currently -54.90%.

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.