Albany International Corporation $AIN Shares Acquired by Advantage Alpha Capital Partners LP

Key Points

• Advantage Alpha Capital Partners LP significantly increased its stake in Albany International Corporation by 173.8%, now holding 77,127 shares valued at approximately $5.3 million.
• Albany International reported an earnings per share (EPS) of $0.57 for the most recent quarter, falling short of analysts' expectations of $0.73, and its revenue showed a 6.2% year-over-year decline.
• Analyst ratings for Albany International reflect mixed sentiments, with one strong buy rating, four holds, and one sell, while the average price target sits at $71.40.

Advantage Alpha Capital Partners LP lifted its position in Albany International Corporation (NYSE:AIN - Free Report) by 173.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,127 shares of the textile maker's stock after acquiring an additional 48,963 shares during the quarter. Albany International accounts for 1.3% of Advantage Alpha Capital Partners LP's portfolio, making the stock its 22nd largest position. Advantage Alpha Capital Partners LP owned about 0.26% of Albany International worth $5,325,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AIN. Sterling Capital Management LLC lifted its holdings in Albany International by 735.6% during the 4th quarter. Sterling Capital Management LLC now owns 752 shares of the textile maker's stock valued at $60,000 after buying an additional 662 shares in the last quarter. Barclays PLC raised its stake in shares of Albany International by 4.2% during the 4th quarter. Barclays PLC now owns 55,483 shares of the textile maker's stock worth $4,437,000 after acquiring an additional 2,256 shares in the last quarter. XTX Topco Ltd purchased a new stake in Albany International during the 4th quarter worth approximately $341,000. CANADA LIFE ASSURANCE Co grew its position in Albany International by 2.6% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 32,422 shares of the textile maker's stock worth $2,592,000 after purchasing an additional 817 shares during the last quarter. Finally, First Trust Advisors LP grew its position in Albany International by 10.5% during the 4th quarter. First Trust Advisors LP now owns 18,658 shares of the textile maker's stock worth $1,492,000 after purchasing an additional 1,768 shares during the last quarter. Institutional investors own 97.37% of the company's stock.

Albany International Trading Down 0.7%

Shares of NYSE:AIN traded down $0.48 during mid-day trading on Wednesday, reaching $63.61. 89,760 shares of the company were exchanged, compared to its average volume of 266,148. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.51 and a quick ratio of 2.78. Albany International Corporation has a 1 year low of $50.60 and a 1 year high of $94.20. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 31.84, a P/E/G ratio of 1.55 and a beta of 1.38. The firm's 50-day simple moving average is $66.98 and its 200 day simple moving average is $68.69.

Albany International (NYSE:AIN - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The textile maker reported $0.57 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.16). Albany International had a net margin of 5.25% and a return on equity of 8.87%. The business had revenue of $311.40 million during the quarter, compared to analysts' expectations of $306.06 million. During the same period in the prior year, the business earned $0.89 EPS. The business's quarterly revenue was down 6.2% on a year-over-year basis. Albany International has set its FY 2025 guidance at 3.000-3.400 EPS. Equities research analysts forecast that Albany International Corporation will post 3.23 EPS for the current year.

Albany International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Tuesday, September 2nd will be given a $0.27 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.08 dividend on an annualized basis and a yield of 1.7%. Albany International's payout ratio is 54.00%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AIN shares. JPMorgan Chase & Co. upped their price objective on shares of Albany International from $65.00 to $77.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Baird R W downgraded shares of Albany International from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Wall Street Zen raised shares of Albany International from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Robert W. Baird downgraded shares of Albany International from an "outperform" rating to a "neutral" rating and set a $79.00 price target on the stock. in a report on Thursday, July 31st. Finally, Bank of America lowered their price target on shares of Albany International from $75.00 to $65.00 and set an "underperform" rating on the stock in a report on Monday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $71.40.

Albany International Company Profile

Albany International Corp., together with its subsidiaries, engages in the machine clothing and engineered composites businesses. The company operates in two segments, Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment designs, manufactures, and markets paper machine clothing for use in the manufacturing of papers, paperboards, tissues, towels, pulps, nonwovens, building products, tannery, and textiles, as well as fiber cement and several other industrial applications.