Gabelli Funds LLC Buys 60,668 Shares of Albany International Corporation $AIN

Gabelli Funds LLC grew its stake in Albany International Corporation (NYSE:AIN) by 68.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,477 shares of the textile maker’s stock after purchasing an additional 60,668 shares during the quarter. Gabelli Funds LLC’s holdings in Albany International were worth $7,578,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of AIN. Franklin Resources Inc. increased its position in shares of Albany International by 11,101.8% during the third quarter. Franklin Resources Inc. now owns 648,810 shares of the textile maker’s stock valued at $32,324,000 after acquiring an additional 643,018 shares during the last quarter. Deprince Race & Zollo Inc. purchased a new stake in shares of Albany International during the fourth quarter valued at approximately $18,507,000. Invenomic Capital Management LP purchased a new stake in shares of Albany International during the third quarter valued at approximately $17,269,000. Millennium Management LLC increased its position in shares of Albany International by 1,078.5% during the third quarter. Millennium Management LLC now owns 313,830 shares of the textile maker’s stock valued at $16,727,000 after acquiring an additional 287,200 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its position in shares of Albany International by 1,809.0% during the third quarter. Schonfeld Strategic Advisors LLC now owns 216,122 shares of the textile maker’s stock valued at $11,519,000 after acquiring an additional 204,801 shares during the last quarter. 97.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AIN shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Albany International in a research report on Friday, March 27th. Wall Street Zen raised Albany International from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Zacks Research raised Albany International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $61.50.

Albany International Price Performance

Albany International stock opened at $60.08 on Thursday. Albany International Corporation has a one year low of $41.15 and a one year high of $73.00. The business has a fifty day moving average price of $56.20 and a 200-day moving average price of $54.34. 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 firm has a market capitalization of $1.71 billion, a P/E ratio of -29.45, a PEG ratio of 2.46 and a beta of 1.18.

Albany International (NYSE:AIN) last posted its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.05. The company 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 firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned $0.73 earnings per share. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. As a group, equities research analysts forecast that Albany International Corporation will post 2.91 EPS for the current year.

Albany International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.12 annualized dividend and a yield of 1.9%. Albany International’s payout ratio is -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.