Legato Capital Management LLC Has $535,000 Stock Holdings in Albany International Corporation $AIN

Legato Capital Management LLC lessened its holdings in Albany International Corporation (NYSE:AIN) by 48.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,552 shares of the textile maker’s stock after selling 10,029 shares during the period. Legato Capital Management LLC’s holdings in Albany International were worth $535,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Covestor Ltd increased its holdings in shares of Albany International by 88.2% during the fourth quarter. Covestor Ltd now owns 1,393 shares of the textile maker’s stock worth $71,000 after buying an additional 653 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of Albany International by 130.2% during the fourth quarter. Gamco Investors INC. ET AL now owns 215,044 shares of the textile maker’s stock worth $10,903,000 after buying an additional 121,614 shares in the last quarter. Gabelli Funds LLC increased its holdings in shares of Albany International by 68.3% during the fourth quarter. Gabelli Funds LLC now owns 149,477 shares of the textile maker’s stock worth $7,578,000 after buying an additional 60,668 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in shares of Albany International by 123.4% during the fourth quarter. First Eagle Investment Management LLC now owns 131,829 shares of the textile maker’s stock worth $6,684,000 after buying an additional 72,829 shares in the last quarter. Finally, Strs Ohio increased its holdings in shares of Albany International by 2,700.0% during the fourth quarter. Strs Ohio now owns 2,800 shares of the textile maker’s stock worth $142,000 after buying an additional 2,700 shares in the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AIN. Zacks Research raised shares of Albany International from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Truist Financial raised shares of Albany International to a “hold” rating in a report on Thursday, May 21st. Wall Street Zen raised shares of Albany International from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Albany International in a report on Friday, March 27th. Four research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Albany International currently has an average rating of “Reduce” and a consensus price target of $61.50.

Albany International Price Performance

Shares of AIN stock opened at $63.66 on Wednesday. Albany International Corporation has a 52-week low of $41.15 and a 52-week high of $73.00. The stock has a market cap of $1.81 billion, a PE ratio of -31.21, a PEG ratio of 2.54 and a beta of 1.18. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.88 and a current ratio of 2.20. The firm’s 50 day moving average price is $56.77 and its two-hundred day moving average price is $54.53.

Albany International (NYSE:AIN) last announced its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. Albany International had a negative net margin of 4.93% and a positive return on equity of 9.44%. The firm had revenue of $311.33 million for the quarter, compared to analysts’ expectations of $281.00 million. During the same period last year, the firm earned $0.73 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. As a group, analysts forecast that Albany International Corporation will post 2.91 EPS for the current year.

Albany International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Friday, June 5th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.12 dividend on an annualized basis and a yield of 1.8%. Albany International’s dividend payout ratio (DPR) 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.