Squarepoint Ops LLC Takes Position in Albany International Corporation $AIN

Key Points

• Squarepoint Ops LLC purchased 40,383 Albany International shares worth approximately $3.0 million, taking a 0.14% stake. Institutional investors collectively own 97.37% of the company.
• Albany International reported quarterly EPS of $0.82, surpassing estimates of $0.74, while revenue rose 5.8% year over year to $329.5 million but fell short of expectations.
• The company declared a quarterly dividend of $0.28 per share, equal to a 1.9% yield. Analysts maintain a consensus “Reduce” rating with a $61 target price, while the stock recently traded at $60.53.

Squarepoint Ops LLC purchased a new stake in Albany International Corporation (NYSE:AIN - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 40,383 shares of the textile maker's stock, valued at approximately $3,009,000. Squarepoint Ops LLC owned 0.14% of Albany International as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nykredit A S purchased a new position in Albany International during the 2nd quarter worth $31,000. Allworth Financial LP grew its position in shares of Albany International by 95.1% during the 2nd quarter. Allworth Financial LP now owns 474 shares of the textile maker's stock worth $35,000 after buying an additional 231 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Albany International by 227.3% during the second quarter. EverSource Wealth Advisors LLC now owns 540 shares of the textile maker's stock valued at $38,000 after buying an additional 375 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Albany International by 32.4% during the second quarter. Smartleaf Asset Management LLC now owns 711 shares of the textile maker's stock valued at $49,000 after buying an additional 174 shares during the period. Finally, Osaic Holdings Inc. raised its holdings in shares of Albany International by 42.3% in the second quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker's stock valued at $64,000 after acquiring an additional 270 shares in the last quarter. Institutional investors own 97.37% of the company's stock.

Albany International Trading Up 0.4%

Albany International stock opened at $60.53 on Monday. The firm has a market cap of $1.72 billion, a PE ratio of -34.79, a P/E/G ratio of 1.54 and a beta of 1.16. The company has a current ratio of 2.24, a quick ratio of 1.89 and a debt-to-equity ratio of 0.60. The stock's 50 day simple moving average is $66.40 and its two-hundred day simple moving average is $62.81. Albany International Corporation has a 12 month low of $41.15 and a 12 month high of $77.00.

Albany International (NYSE:AIN - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The textile maker reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.08. Albany International had a negative net margin of 4.18% and a positive return on equity of 10.76%. The company had revenue of $329.48 million during the quarter, compared to analysts' expectations of $340.10 million. During the same quarter in the previous year, the company earned $0.31 earnings per share. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. Analysts anticipate that Albany International Corporation will post 3.14 earnings per share for the current year.

Albany International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Tuesday, September 1st will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Tuesday, September 1st. Albany International's dividend payout ratio is -64.37%.

Analyst Ratings Changes

Several brokerages have recently weighed in on AIN. Weiss Ratings raised shares of Albany International from a "sell (d)" rating to a "sell (d+)" rating in a research report on Tuesday, July 28th. Wall Street Zen raised Albany International from a "hold" rating to a "buy" rating in a research report on Saturday, September 5th. Robert W. Baird boosted their target price on Albany International from $64.00 to $75.00 and gave the stock a "neutral" rating in a research note on Thursday, September 3rd. Finally, Truist Financial upped their target price on Albany International from $55.00 to $61.00 and gave the company a "hold" rating in a research report on Friday, June 12th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus target price of $61.00.

Albany International Profile

Albany International Corp. is a global developer and manufacturer of advanced engineered materials and process technologies. The company serves customers in the paper, aerospace and other industrial markets through two primary business segments: Machine Clothing and Albany Engineered Composites.

The Machine Clothing segment produces custom-designed fabrics, belts and related products used in paper manufacturing and other industrial processes. These products support applications such as forming, pressing and drying paper, helping manufacturers improve production efficiency and product quality.

Albany Engineered Composites develops and manufactures lightweight composite components and assemblies, primarily for the aerospace industry.

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