Gamco Investors INC. ET AL Acquires 429,561 Shares of Albany International Corporation $AIN

Gamco Investors INC. ET AL grew its stake in Albany International Corporation (NYSE:AIN) by 199.8% during the first quarter, HoldingsChannel.com reports. The firm owned 644,605 shares of the textile maker’s stock after buying an additional 429,561 shares during the period. Gamco Investors INC. ET AL’s holdings in Albany International were worth $33,655,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Royal Bank of Canada boosted its holdings in Albany International by 7.5% during the first quarter. Royal Bank of Canada now owns 15,590 shares of the textile maker’s stock worth $1,076,000 after purchasing an additional 1,085 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Albany International by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,569 shares of the textile maker’s stock worth $1,282,000 after buying an additional 807 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Albany International by 464.4% during the 1st quarter. Millennium Management LLC now owns 91,934 shares of the textile maker’s stock worth $6,347,000 after buying an additional 75,644 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Albany International by 6.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 59,199 shares of the textile maker’s stock valued at $4,087,000 after buying an additional 3,559 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Albany International in the 1st quarter valued at about $7,468,000. 97.37% of the stock is currently owned by institutional investors.

Albany International Price Performance

AIN stock opened at $75.26 on Friday. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of -36.89, a P/E/G ratio of 3.19 and a beta of 1.17. 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 company has a 50 day simple moving average of $69.99 and a 200 day simple moving average of $61.32. Albany International Corporation has a 1 year low of $41.15 and a 1 year high of $76.99.

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

Albany International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Friday, June 5th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, June 5th. Albany International’s payout ratio is -54.90%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Wall Street Zen raised Albany International from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Truist Financial upped their price objective on Albany International from $55.00 to $61.00 and gave the company a “hold” rating in a report on Friday, June 12th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Albany International in a research report on Wednesday, June 24th. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $62.33.

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.