Albany International Corporation $AIN Shares Bought by Citigroup Inc.

Citigroup Inc. grew its position in shares of Albany International Corporation (NYSE:AIN) by 49.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 48,410 shares of the textile maker’s stock after purchasing an additional 16,014 shares during the quarter. Citigroup Inc. owned approximately 0.16% of Albany International worth $2,580,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American Century Companies Inc. boosted its position in shares of Albany International by 37.6% in the 2nd quarter. American Century Companies Inc. now owns 1,697,965 shares of the textile maker’s stock valued at $119,079,000 after purchasing an additional 464,040 shares during the period. Bank of America Corp DE grew its stake in Albany International by 1.8% during 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 buying an additional 25,283 shares during the last quarter. Sei Investments Co. increased its position in Albany International by 9.3% during the second quarter. Sei Investments Co. now owns 797,414 shares of the textile maker’s stock worth $55,923,000 after buying an additional 68,079 shares during the period. New York State Common Retirement Fund increased its position in Albany International by 9.9% during the third quarter. New York State Common Retirement Fund now owns 284,671 shares of the textile maker’s stock worth $15,173,000 after buying an additional 25,585 shares during the period. Finally, Schroder Investment Management Group lifted its stake in Albany International by 3.6% in the second quarter. Schroder Investment Management Group now owns 266,790 shares of the textile maker’s stock valued at $18,710,000 after buying an additional 9,288 shares during the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Zacks Research raised Albany International from a “strong sell” rating to a “hold” rating in a report on Tuesday. Truist Financial set a $55.00 target price on shares of Albany International in a report on Friday, January 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of Albany International in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Albany International from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $61.50.

Albany International Stock Down 1.3%

AIN opened at $58.60 on Friday. Albany International Corporation has a 52 week low of $41.15 and a 52 week high of $75.16. The business has a 50 day moving average price of $56.83 and a two-hundred day moving average price of $55.20. The company has a quick ratio of 1.83, a current ratio of 2.10 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.68 billion, a PE ratio of -29.01, a P/E/G ratio of 2.30 and a beta of 1.18.

Albany International (NYSE:AIN) last announced its earnings results on Tuesday, February 24th. The textile maker reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.01. The company had revenue of $321.21 million for the quarter, compared to the consensus estimate of $292.32 million. Albany International had a positive return on equity of 9.64% and a negative net margin of 4.85%.The company’s revenue was up 12.0% on a year-over-year basis. During the same period last year, the business posted $0.58 EPS. Albany International has set its Q1 2026 guidance at 0.500-0.600 EPS. As a group, research analysts anticipate that Albany International Corporation will post 3.23 EPS for the current year.

Albany International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 7th. Investors of record on Friday, March 20th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, March 20th. Albany International’s dividend payout ratio (DPR) is -55.45%.

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.