Louisiana State Employees Retirement System Acquires Shares of 12,700 Albany International Corporation $AIN

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

A number of other hedge funds and other institutional investors have also modified their holdings of the business. CWM LLC lifted its stake in shares of Albany International by 39.3% in the fourth quarter. CWM LLC now owns 712 shares of the textile maker’s stock worth $36,000 after acquiring an additional 201 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Albany International by 227.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 540 shares of the textile maker’s stock valued at $38,000 after purchasing an additional 375 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Albany International by 32.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 711 shares of the textile maker’s stock valued at $49,000 after buying an additional 174 shares during the last quarter. Osaic Holdings Inc. grew its position in shares of 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 buying an additional 270 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in shares of Albany International by 519.7% in the fourth quarter. Quadrant Capital Group LLC now owns 1,382 shares of the textile maker’s stock worth $70,000 after buying an additional 1,159 shares during the last quarter. 97.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AIN has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Albany International from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Truist Financial increased their price target on shares of Albany International from $55.00 to $61.00 and gave the stock a “hold” rating in a research report on Friday, June 12th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Albany International in a research note on Wednesday, June 24th. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $62.33.

Albany International Stock Performance

NYSE AIN traded down $1.63 during trading hours on Tuesday, reaching $72.35. The company’s stock had a trading volume of 7,495 shares, compared to its average volume of 276,524. The company has a current ratio of 2.20, a quick ratio of 1.88 and a debt-to-equity ratio of 0.65. The business has a 50-day simple moving average of $66.02 and a 200 day simple moving average of $59.14. Albany International Corporation has a 52 week low of $41.15 and a 52 week high of $76.56. The stock has a market cap of $2.05 billion, a PE ratio of -35.47, a PEG ratio of 3.13 and a beta of 1.17.

Albany International (NYSE:AIN) last announced its quarterly earnings results on Thursday, April 30th. The textile maker reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $311.33 million for the quarter, compared to analysts’ expectations of $281.00 million. During the same period in the prior year, the firm earned $0.73 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. Equities research analysts predict that Albany International Corporation will post 2.79 earnings per share for the current fiscal year.

Albany International Announces Dividend

The company also recently announced 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. This represents a $1.12 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, June 5th. Albany International’s payout ratio 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.