Deprince Race & Zollo Inc. Purchases 74,028 Shares of Albany International Corporation $AIN

Deprince Race & Zollo Inc. grew its holdings in Albany International Corporation (NYSE:AIN) by 20.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 439,053 shares of the textile maker’s stock after acquiring an additional 74,028 shares during the quarter. Deprince Race & Zollo Inc. owned 1.55% of Albany International worth $22,923,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC boosted its stake in Albany International by 39.3% in the 4th quarter. CWM LLC now owns 712 shares of the textile maker’s stock valued at $36,000 after buying an additional 201 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Albany International by 227.3% in the 2nd 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 raised its position 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 worth $49,000 after acquiring an additional 174 shares during the last quarter. Osaic Holdings Inc. raised its position in shares of Albany International by 42.3% during the second quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock worth $64,000 after acquiring an additional 270 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in shares of Albany International by 519.7% during the fourth quarter. Quadrant Capital Group LLC now owns 1,382 shares of the textile maker’s stock valued at $70,000 after acquiring an additional 1,159 shares during the period. 97.37% of the stock is owned by institutional investors.

Albany International Price Performance

NYSE:AIN opened at $74.55 on Thursday. The stock has a market capitalization of $2.12 billion, a PE ratio of -36.54, a P/E/G ratio of 3.18 and a beta of 1.17. The firm has a fifty day simple moving average of $64.98 and a 200 day simple moving average of $58.66. Albany International Corporation has a 1-year low of $41.15 and a 1-year high of $76.56. The company has a current ratio of 2.20, a quick ratio of 1.88 and a debt-to-equity ratio of 0.65.

Albany International (NYSE:AIN) last issued its earnings results on Thursday, April 30th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The company had revenue of $311.33 million for the quarter, compared to analysts’ expectations of $281.00 million. Albany International had a negative net margin of 4.93% and a positive return on equity of 9.44%. Albany International’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.73 EPS. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. On average, research analysts expect that Albany International Corporation will post 2.79 EPS for the current fiscal year.

Albany International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Friday, June 5th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, June 5th. Albany International’s payout ratio is currently -54.90%.

Analyst Ratings Changes

Several brokerages have recently issued reports on AIN. Truist Financial raised their target price on shares of Albany International from $55.00 to $61.00 and gave the company a “hold” rating in a research note on Friday, June 12th. Weiss Ratings reissued a “sell (d)” rating on shares of Albany International in a research note on Wednesday, June 24th. Finally, Wall Street Zen downgraded shares of Albany International from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Albany International presently has a consensus rating of “Reduce” and an average target price of $62.33.

Albany International Profile

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.