American Century Companies Inc. Has $91.10 Million Position in Albany International Corporation $AIN

American Century Companies Inc. lifted its holdings in Albany International Corporation (NYSE:AIN) by 0.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,709,230 shares of the textile maker’s stock after acquiring an additional 11,265 shares during the period. American Century Companies Inc. owned approximately 5.79% of Albany International worth $91,102,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in Albany International by 227.3% during the second quarter. EverSource Wealth Advisors LLC now owns 540 shares of the textile maker’s stock worth $38,000 after purchasing an additional 375 shares during the period. Smartleaf Asset Management LLC lifted its stake in Albany International by 32.4% in the second quarter. Smartleaf Asset Management LLC now owns 711 shares of the textile maker’s stock valued at $49,000 after buying an additional 174 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of Albany International by 42.3% during the 2nd quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock worth $64,000 after buying an additional 270 shares in the last quarter. Lazard Asset Management LLC bought 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 stake in shares of Albany International during the 3rd quarter worth approximately $66,000. 97.37% of the stock is owned by institutional investors and hedge funds.

Albany International Stock Performance

Shares of AIN opened at $58.79 on Wednesday. The firm has a market capitalization of $1.69 billion, a P/E ratio of -29.10, a P/E/G ratio of 2.26 and a beta of 1.18. Albany International Corporation has a 52 week low of $41.15 and a 52 week high of $75.16. The stock has a 50 day moving average price of $56.35 and a two-hundred day moving average price of $55.17. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.83 and a current ratio of 2.10.

Albany International (NYSE:AIN) last posted its earnings results on Tuesday, February 24th. The textile maker reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. The company had revenue of $321.21 million for the quarter, compared to analyst estimates 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 for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the company earned $0.58 earnings per share. Albany International has set its Q1 2026 guidance at 0.500-0.600 EPS. Equities analysts forecast that Albany International Corporation will post 3.23 earnings per share for the current fiscal year.

Albany International Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently issued reports on AIN shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Albany International in a research report on Monday, December 29th. Truist Financial set a $55.00 price objective on shares of Albany International in a report on Friday, January 9th. Zacks Research downgraded Albany International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 18th. Finally, JPMorgan Chase & Co. boosted their target price on Albany International from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Three investment analysts have rated the stock with a Hold rating and three have assigned 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 $61.50.

About Albany International

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.