Hotchkis & Wiley Capital Management LLC Increases Stock Holdings in Albany International Corporation $AIN

Key Points

• Hotchkis & Wiley Capital Management LLC increased its holdings in Albany International Corporation (AIN) by 15.1%, now owning 156,378 shares valued at approximately $10.8 million as of the latest quarter.
• Major investors such as Bank of America and American Century Companies have significantly boosted their stakes in Albany International, highlighting increased institutional interest in the company.
• Albany International reported a missed EPS estimate with $0.57 per share for the last quarter, which is lower than the anticipated $0.73, and set fiscal year 2025 guidance at 3.000-3.400 EPS.

Hotchkis & Wiley Capital Management LLC raised its position in shares of Albany International Corporation (NYSE:AIN - Free Report) by 15.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 156,378 shares of the textile maker's stock after purchasing an additional 20,458 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 0.52% of Albany International worth $10,796,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AIN. Bank of America Corp DE grew its stake in Albany International by 3,050.6% during the 4th quarter. Bank of America Corp DE now owns 1,363,946 shares of the textile maker's stock valued at $109,075,000 after purchasing an additional 1,320,654 shares during the last quarter. American Century Companies Inc. grew its stake in Albany International by 45.3% during the 1st quarter. American Century Companies Inc. now owns 1,233,925 shares of the textile maker's stock valued at $85,190,000 after purchasing an additional 384,546 shares during the last quarter. Nuveen LLC purchased a new stake in Albany International during the 1st quarter valued at about $18,985,000. Voya Investment Management LLC grew its stake in Albany International by 552.8% during the 4th quarter. Voya Investment Management LLC now owns 260,394 shares of the textile maker's stock valued at $20,824,000 after purchasing an additional 220,504 shares during the last quarter. Finally, Invenomic Capital Management LP purchased a new stake in Albany International during the 4th quarter valued at about $11,583,000. Hedge funds and other institutional investors own 97.37% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AIN. Truist Financial reiterated a "hold" rating and set a $55.00 price target (down previously from $70.00) on shares of Albany International in a research note on Friday, August 1st. Robert W. Baird downgraded Albany International from an "outperform" rating to a "neutral" rating and set a $79.00 price target on the stock. in a research note on Thursday, July 31st. Wall Street Zen upgraded Albany International from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Bank of America dropped their price target on Albany International from $75.00 to $65.00 and set an "underperform" rating on the stock in a research note on Monday, June 2nd. Finally, JPMorgan Chase & Co. upped their target price on Albany International from $65.00 to $77.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. One 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 data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $71.40.

Albany International Stock Up 4.5%

Shares of AIN opened at $65.16 on Friday. Albany International Corporation has a 52 week low of $50.60 and a 52 week high of $94.20. The company has a quick ratio of 2.78, a current ratio of 3.51 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 32.58, a PEG ratio of 1.53 and a beta of 1.38. The stock's 50-day moving average price is $67.13 and its 200-day moving average price is $68.91.

Albany International (NYSE:AIN - Get Free Report) last issued its earnings results on Wednesday, July 30th. The textile maker reported $0.57 EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.16). Albany International had a return on equity of 8.87% and a net margin of 5.25%.The company had revenue of $311.40 million during the quarter, compared to analysts' expectations of $306.06 million. During the same quarter in the previous year, the company earned $0.89 EPS. The firm's quarterly 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. On average, sell-side analysts predict that Albany International Corporation will post 3.23 EPS for the current year.

Albany International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.7%. Albany International's dividend payout ratio is currently 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.

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