Bridge City Capital LLC Has $3.31 Million Stake in Albany International Corporation $AIN

Bridge City Capital LLC lowered its position in Albany International Corporation (NYSE:AIN) by 36.5% during the fourth quarter, Holdings Channel reports. The firm owned 65,241 shares of the textile maker’s stock after selling 37,468 shares during the period. Bridge City Capital LLC’s holdings in Albany International were worth $3,308,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. lifted its position in shares of Albany International by 0.7% in the 3rd quarter. American Century Companies Inc. now owns 1,709,230 shares of the textile maker’s stock worth $91,102,000 after purchasing an additional 11,265 shares during the period. Bank of America Corp DE lifted its position in shares of Albany International by 1.8% in the 2nd quarter. Bank of America Corp DE now owns 1,457,609 shares of the textile maker’s stock worth $102,222,000 after purchasing an additional 25,283 shares during the period. State Street Corp lifted its position in shares of Albany International by 1.1% in the 4th quarter. State Street Corp now owns 1,141,412 shares of the textile maker’s stock worth $58,161,000 after purchasing an additional 12,684 shares during the period. William Blair Investment Management LLC lifted its position in shares of Albany International by 24.8% in the 3rd quarter. William Blair Investment Management LLC now owns 876,455 shares of the textile maker’s stock worth $46,715,000 after purchasing an additional 174,023 shares during the period. Finally, Sei Investments Co. lifted its position in shares of Albany International by 0.7% in the 3rd quarter. Sei Investments Co. now owns 802,840 shares of the textile maker’s stock worth $42,791,000 after purchasing an additional 5,426 shares during the period. Institutional investors and hedge funds own 97.37% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of Albany International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Truist Financial boosted their target price on shares of Albany International from $55.00 to $61.00 and gave the company a “hold” rating in a research report on Friday. Weiss Ratings reiterated a “sell (d)” rating on shares of Albany International in a research report on Friday, March 27th. Finally, Wall Street Zen downgraded shares of Albany International from a “buy” rating to a “hold” rating in a research report on Saturday. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $62.33.

Albany International Stock Up 0.2%

Albany International stock opened at $71.06 on Friday. 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 12-month low of $41.15 and a 12-month high of $73.00. The firm’s fifty day moving average is $60.63 and its 200 day moving average is $56.41. The company has a market capitalization of $2.02 billion, a PE ratio of -34.83, a PEG ratio of 2.90 and a beta of 1.20.

Albany International (NYSE:AIN) last released its earnings results 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 company had revenue of $311.33 million for the quarter, compared to the consensus estimate of $281.00 million. During the same quarter in the previous year, the company earned $0.73 EPS. Albany International’s quarterly revenue was up 7.8% compared to the same quarter last year. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. As a group, sell-side analysts predict that Albany International Corporation will post 2.79 EPS for the current fiscal year.

Albany International Announces Dividend

The firm also recently declared 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 1.6%. The ex-dividend date is Friday, June 5th. Albany International’s payout ratio is -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.