SG Americas Securities LLC Has $604,000 Stock Holdings in Albany International Corporation $AIN

SG Americas Securities LLC reduced its stake in Albany International Corporation (NYSE:AIN) by 63.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,565 shares of the textile maker’s stock after selling 20,127 shares during the period. SG Americas Securities LLC’s holdings in Albany International were worth $604,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Franklin Resources Inc. grew its stake in shares of Albany International by 11,101.8% in the 3rd quarter. Franklin Resources Inc. now owns 648,810 shares of the textile maker’s stock valued at $32,324,000 after buying an additional 643,018 shares during the period. Deprince Race & Zollo Inc. acquired a new position in Albany International during the 4th quarter worth approximately $18,507,000. Invenomic Capital Management LP bought a new position in Albany International in the third quarter worth approximately $17,269,000. Millennium Management LLC grew its stake in Albany International by 1,078.5% in the third quarter. Millennium Management LLC now owns 313,830 shares of the textile maker’s stock valued at $16,727,000 after acquiring an additional 287,200 shares during the period. Finally, Schonfeld Strategic Advisors LLC increased its holdings in shares of Albany International by 1,809.0% during the third quarter. Schonfeld Strategic Advisors LLC now owns 216,122 shares of the textile maker’s stock valued at $11,519,000 after acquiring an additional 204,801 shares in the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

Albany International Price Performance

Albany International stock opened at $73.51 on Wednesday. Albany International Corporation has a 52 week low of $41.15 and a 52 week high of $76.56. The company’s 50 day moving average price is $66.38 and its two-hundred day moving average price is $59.30. The company has a quick ratio of 1.88, a current ratio of 2.20 and a debt-to-equity ratio of 0.65. The stock has a market cap of $2.09 billion, a P/E ratio of -36.04, a P/E/G ratio of 3.16 and a beta of 1.17.

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

Albany International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Friday, June 5th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, June 5th. Albany International’s payout ratio is -54.90%.

Wall Street Analyst Weigh In

AIN has been the subject of a number of recent research reports. Wall Street Zen lowered shares of Albany International from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Truist Financial lifted their price objective on shares of Albany International from $55.00 to $61.00 and gave the company a “hold” rating in a report on Friday, June 12th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Albany International in a report on Wednesday, June 24th. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $62.33.

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.