First Eagle Investment Management LLC Has $6.68 Million Holdings in Albany International Corporation $AIN

First Eagle Investment Management LLC increased its holdings in shares of Albany International Corporation (NYSE:AIN) by 123.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 131,829 shares of the textile maker’s stock after acquiring an additional 72,829 shares during the quarter. First Eagle Investment Management LLC’s holdings in Albany International were worth $6,684,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Smartleaf Asset Management LLC boosted its holdings in Albany International by 32.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 711 shares of the textile maker’s stock valued at $49,000 after purchasing an additional 174 shares during the period. California State Teachers Retirement System increased its holdings in shares of Albany International by 0.6% during the second quarter. California State Teachers Retirement System now owns 28,783 shares of the textile maker’s stock worth $2,019,000 after purchasing an additional 179 shares during the period. CWM LLC increased its holdings in shares of Albany International by 39.3% during the fourth quarter. CWM LLC now owns 712 shares of the textile maker’s stock worth $36,000 after purchasing an additional 201 shares during the period. Dakota Wealth Management raised its position in shares of Albany International by 1.8% in the third quarter. Dakota Wealth Management now owns 13,878 shares of the textile maker’s stock valued at $740,000 after buying an additional 245 shares in the last quarter. Finally, Osaic Holdings Inc. raised its position 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 buying an additional 270 shares in the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

Albany International Price Performance

Shares of NYSE:AIN opened at $63.21 on Thursday. The firm has a 50 day moving average of $55.93 and a 200-day moving average of $54.26. The stock has a market capitalization of $1.80 billion, a PE ratio of -30.99, a PEG ratio of 2.53 and a beta of 1.18. 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 Corporation has a 12 month low of $41.15 and a 12 month high of $73.00.

Albany International (NYSE:AIN) last posted 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. The business had revenue of $311.33 million for the quarter, compared to analyst estimates of $281.00 million. Albany International had a negative net margin of 4.93% and a positive return on equity of 9.44%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $0.73 EPS. 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 announced a quarterly dividend, which was paid on Tuesday, April 7th. Shareholders of record on Friday, March 20th were paid a dividend of $0.28 per share. The ex-dividend date was Friday, March 20th. This represents a $1.12 annualized dividend and a yield of 1.8%. Albany International’s dividend payout ratio is presently -54.90%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on AIN shares. Weiss Ratings reissued a “sell (d)” rating on shares of Albany International in a research report on Friday, March 27th. Zacks Research raised Albany International from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 3rd. 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 research report on Friday, January 16th. Four analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $61.50.

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.