Dynamic Technology Lab Private Ltd Invests $503,000 in Albany International Corporation $AIN

Dynamic Technology Lab Private Ltd purchased a new stake in Albany International Corporation (NYSE:AIN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,440 shares of the textile maker’s stock, valued at approximately $503,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in Albany International by 227.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 540 shares of the textile maker’s stock valued at $38,000 after acquiring an additional 375 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Albany International by 32.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 711 shares of the textile maker’s stock valued at $49,000 after acquiring an additional 174 shares during the period. Osaic Holdings Inc. grew its holdings in Albany International by 42.3% during the second quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock worth $64,000 after purchasing an additional 270 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Albany International during the 2nd quarter worth approximately $77,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Albany International in the third quarter valued at $66,000. Institutional investors own 97.37% of the company’s stock.

Albany International Stock Performance

Albany International stock opened at $56.17 on Wednesday. The business has a 50 day moving average of $57.02 and a 200-day moving average of $55.00. The company has a market capitalization of $1.61 billion, a P/E ratio of -27.81, a P/E/G ratio of 2.19 and a beta of 1.18. Albany International Corporation has a 1 year low of $41.15 and a 1 year high of $75.16. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.10 and a quick ratio of 1.83.

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

Albany International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 7th. Investors of record on Friday, March 20th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, March 20th. Albany International’s dividend payout ratio (DPR) is currently -55.45%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on AIN shares. JPMorgan Chase & Co. boosted their price target on Albany International from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, January 16th. Truist Financial set a $55.00 target price on Albany International in a report on Friday, January 9th. Weiss Ratings reissued a “sell (d)” rating on shares of Albany International in a research report on Monday, December 29th. Finally, Zacks Research upgraded shares of Albany International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. Four investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $61.50.

Albany International Company 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.