Albany International Corporation $AIN Shares Acquired by EntryPoint Capital LLC

Key Points

• EntryPoint Capital LLC increased its stake in Albany International Corporation by 133.3%, acquiring an additional 8,611 shares, bringing its total holdings to 15,072 shares.
• Albany International reported a missed earnings estimate of $0.57 per share for the last quarter, compared to the expected $0.73, with a revenue of $311.40 million.
• Analysts have given mixed ratings on the stock, with one upgrade to a "buy" and several downgrades leading to an average rating of "Hold" and a target price of $71.40.

EntryPoint Capital LLC increased its holdings in Albany International Corporation (NYSE:AIN - Free Report) by 133.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,072 shares of the textile maker's stock after buying an additional 8,611 shares during the period. Albany International comprises approximately 0.5% of EntryPoint Capital LLC's investment portfolio, making the stock its 3rd biggest holding. EntryPoint Capital LLC's holdings in Albany International were worth $1,041,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Cetera Investment Advisers increased its position in shares of Albany International by 3.7% during the fourth quarter. Cetera Investment Advisers now owns 3,730 shares of the textile maker's stock worth $298,000 after purchasing an additional 133 shares in the last quarter. Summit Investment Advisors Inc. increased its position in shares of Albany International by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,265 shares of the textile maker's stock valued at $261,000 after acquiring an additional 207 shares during the period. Park Avenue Securities LLC increased its position in shares of Albany International by 11.5% in the 1st quarter. Park Avenue Securities LLC now owns 3,320 shares of the textile maker's stock valued at $229,000 after acquiring an additional 342 shares during the period. DAVENPORT & Co LLC increased its position in shares of Albany International by 3.0% in the 1st quarter. DAVENPORT & Co LLC now owns 12,464 shares of the textile maker's stock valued at $860,000 after acquiring an additional 360 shares during the period. Finally, Stifel Financial Corp increased its position in shares of Albany International by 1.2% in the 4th quarter. Stifel Financial Corp now owns 32,668 shares of the textile maker's stock valued at $2,612,000 after acquiring an additional 381 shares during the period. Institutional investors own 97.37% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AIN. Wall Street Zen raised Albany International from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Truist Financial reissued a "hold" rating and issued a $55.00 target price (down from $70.00) on shares of Albany International in a research report on Friday, August 1st. JPMorgan Chase & Co. upped their price target 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. Robert W. Baird lowered 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, Baird R W lowered shares of Albany International from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $71.40.

Albany International Price Performance

Shares of AIN stock traded up $2.79 during mid-day trading on Friday, hitting $65.16. 326,028 shares of the stock were exchanged, compared to its average volume of 402,265. The firm has a fifty day moving average of $67.13 and a 200 day moving average of $69.01. The company has a quick ratio of 2.78, a current ratio of 3.51 and a debt-to-equity ratio of 0.50. Albany International Corporation has a 52-week low of $50.60 and a 52-week high of $94.20. The company has a market cap of $1.92 billion, a PE ratio of 32.58, a price-to-earnings-growth ratio of 1.46 and a beta of 1.38.

Albany International (NYSE:AIN - Get Free Report) last posted its earnings results on Wednesday, July 30th. The textile maker reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.16). Albany International had a return on equity of 8.87% and a net margin of 5.25%.The firm had revenue of $311.40 million for the quarter, compared to analysts' expectations of $306.06 million. During the same period in the previous year, the company earned $0.89 earnings per share. The company's revenue was down 6.2% compared to the same quarter last year. Albany International has set its FY 2025 guidance at 3.000-3.400 EPS. Research analysts anticipate that Albany International Corporation will post 3.23 earnings per share 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 paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.7%. Albany International's dividend payout ratio is presently 54.00%.

Albany International 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.