Roubaix Capital LLC Invests $3.52 Million in Albany International Corporation $AIN

Roubaix Capital LLC bought a new position in Albany International Corporation (NYSE:AIN) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 67,509 shares of the textile maker’s stock, valued at approximately $3,525,000.

A number of other institutional investors have also added to or reduced their stakes in AIN. Franklin Resources Inc. raised its position in 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 purchasing an additional 643,018 shares in the last quarter. Deprince Race & Zollo Inc. purchased a new position in shares of Albany International in the 4th quarter worth about $18,507,000. Millennium Management LLC increased its position in shares of Albany International by 1,078.5% during the 3rd quarter. Millennium Management LLC now owns 313,830 shares of the textile maker’s stock valued at $16,727,000 after purchasing an additional 287,200 shares during the last quarter. Schonfeld Strategic Advisors LLC increased its position in shares of Albany International by 1,809.0% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 216,122 shares of the textile maker’s stock valued at $11,519,000 after purchasing an additional 204,801 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. bought a new position in shares of Albany International during the 4th quarter valued at about $10,323,000. Institutional investors own 97.37% of the company’s stock.

Albany International Stock Performance

Albany International stock opened at $74.58 on Friday. The firm has a fifty day simple moving average of $68.69 and a two-hundred day simple moving average of $60.49. The company has a quick ratio of 1.88, a current ratio of 2.20 and a debt-to-equity ratio of 0.65. Albany International Corporation has a twelve month low of $41.15 and a twelve month high of $76.56. The company has a market capitalization of $2.12 billion, a PE ratio of -36.56, a P/E/G ratio of 3.18 and a beta of 1.17.

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. The firm had revenue of $311.33 million for the quarter, compared to analysts’ expectations of $281.00 million. Albany International had a positive return on equity of 9.44% and a negative net margin of 4.93%.The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the firm earned $0.73 earnings per share. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. Research analysts expect that Albany International Corporation will post 2.79 EPS for the current year.

Albany International Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently weighed in on AIN shares. Truist Financial boosted their target price on Albany International from $55.00 to $61.00 and gave the stock a “hold” rating in a research report on Friday, June 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Albany International in a research note on Wednesday, June 24th. Finally, Wall Street Zen upgraded shares of Albany International from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Albany International has a consensus 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.