Roubaix Capital LLC Purchases 7,789 Shares of Albany International Corporation $AIN

Key Points

• Roubaix Capital LLC has increased its stake in Albany International Corporation by 13.4%, owning 66,117 shares, making it the 17th largest holding in their portfolio.
• Albany International's stock was reported at $63.09, experiencing a market capitalization of $1.86 billion, while the stock's price target varies among analysts from $55.00 to $79.00.
• In its latest quarterly earnings, Albany International reported an EPS of $0.57, falling short of analysts' expectations, with a revenue decline of 6.2% compared to the previous year.

Roubaix Capital LLC boosted its position in shares of Albany International Corporation (NYSE:AIN - Free Report) by 13.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 66,117 shares of the textile maker's stock after purchasing an additional 7,789 shares during the quarter. Albany International accounts for about 2.4% of Roubaix Capital LLC's investment portfolio, making the stock its 17th biggest holding. Roubaix Capital LLC owned about 0.22% of Albany International worth $4,565,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of AIN. Public Employees Retirement System of Ohio acquired a new position in shares of Albany International in the fourth quarter valued at approximately $40,000. Sterling Capital Management LLC boosted its holdings in shares of Albany International by 735.6% in the fourth 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 during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Albany International in the first quarter valued at approximately $105,000. Blue Trust Inc. boosted its holdings in shares of Albany International by 48.7% in the first quarter. Blue Trust Inc. now owns 3,065 shares of the textile maker's stock valued at $212,000 after buying an additional 1,004 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Albany International in the first quarter valued at approximately $212,000. Institutional investors and hedge funds own 97.37% of the company's stock.

Albany International Stock Performance

NYSE AIN traded up $0.7660 on Tuesday, hitting $62.4960. 217,160 shares of the stock were exchanged, compared to its average volume of 390,532. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.51 and a quick ratio of 2.78. The business's fifty day moving average is $67.44 and its 200 day moving average is $69.29. Albany International Corporation has a 52 week low of $50.60 and a 52 week high of $94.20. The company has a market capitalization of $1.84 billion, a PE ratio of 31.25, a P/E/G ratio of 1.45 and a beta of 1.38.

Albany International (NYSE:AIN - Get Free Report) last posted its quarterly 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 the consensus estimate of $306.06 million. During the same period last year, the company posted $0.89 earnings per share. The business'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 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AIN shares. Bank of America reduced their price target on shares of Albany International from $75.00 to $65.00 and set an "underperform" rating for the company in a report on Monday, June 2nd. 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. Wall Street Zen upgraded shares of Albany International from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Truist Financial restated a "hold" rating and set a $55.00 target price (down previously from $70.00) on shares of Albany International in a report on Friday, August 1st. Finally, Baird R W cut shares of Albany International from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Albany International presently has an average rating of "Hold" and an average price target of $71.40.

About Albany International

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.