Earnest Partners LLC Sells 48,453 Shares of Albany International Corporation $AIN

Key Points

• Earnest Partners LLC trimmed its stake in Albany International by 1.8%, selling 48,453 shares and now holds 2,606,795 shares (about a 9.08% stake, valued at $138.94M).
• Franklin Resources dramatically increased its position by 643,018 shares to 648,810 shares in Q3, and institutional investors collectively own about 97.37% of AIN.
• Analysts’ consensus is Reduce with a $61.50 average target, despite Albany reporting a slight EPS beat ($0.65 vs. $0.64) and revenue beat ($321.2M); the stock trades near $53.58 and pays a $0.28 quarterly dividend (2.1% yield).

Earnest Partners LLC trimmed its position in Albany International Corporation (NYSE:AIN - Free Report) by 1.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,606,795 shares of the textile maker's stock after selling 48,453 shares during the quarter. Earnest Partners LLC owned about 9.08% of Albany International worth $138,942,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. American Century Companies Inc. lifted its position in shares of Albany International by 0.7% during the 3rd quarter. American Century Companies Inc. now owns 1,709,230 shares of the textile maker's stock worth $91,102,000 after purchasing an additional 11,265 shares during the last quarter. Bank of America Corp DE increased its position in Albany International by 1.8% in the 2nd quarter. Bank of America Corp DE now owns 1,457,609 shares of the textile maker's stock worth $102,222,000 after buying an additional 25,283 shares during the period. William Blair Investment Management LLC lifted its holdings in shares of Albany International by 24.8% during the third quarter. William Blair Investment Management LLC now owns 876,455 shares of the textile maker's stock worth $46,715,000 after buying an additional 174,023 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Albany International by 0.7% during the third quarter. Sei Investments Co. now owns 802,840 shares of the textile maker's stock worth $42,791,000 after buying an additional 5,426 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Albany International by 11,101.8% in the third quarter. Franklin Resources Inc. now owns 648,810 shares of the textile maker's stock valued at $32,324,000 after acquiring an additional 643,018 shares during the period. 97.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Truist Financial set a $55.00 price target on shares of Albany International in a report on Friday, January 9th. Zacks Research raised shares of Albany International from a "strong sell" rating to a "hold" rating in a research report on Tuesday, March 3rd. JPMorgan Chase & Co. increased their target price on shares of Albany International from $45.00 to $47.00 and gave the company a "neutral" rating in a research note on Friday, January 16th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Albany International in a research report on Monday, December 29th. Four analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus target price of $61.50.

Albany International Stock Down 2.0%

Shares of AIN opened at $53.58 on Friday. The business's fifty day moving average price is $57.23 and its two-hundred day moving average price is $54.86. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of -26.52, a PEG ratio of 2.08 and a beta of 1.18. Albany International Corporation has a 52 week low of $41.15 and a 52 week high of $75.15. 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 - Get Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The textile maker reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.01. The business had revenue of $321.21 million during the quarter, compared to analysts' expectations of $292.32 million. Albany International had a positive return on equity of 9.64% and a negative net margin of 4.85%.The firm's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.58 earnings per share. Albany International has set its Q1 2026 guidance at 0.500-0.600 EPS. On average, analysts predict that Albany International Corporation will post 3.23 earnings per share for the current year.

Albany International Announces Dividend

The firm 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 dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.1%. Albany International's payout ratio is presently -55.45%.

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.

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