Bridge City Capital LLC Sells 37,468 Shares of Albany International Corporation $AIN

Bridge City Capital LLC reduced its position in Albany International Corporation (NYSE:AIN) by 36.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,241 shares of the textile maker’s stock after selling 37,468 shares during the quarter. Bridge City Capital LLC owned about 0.23% of Albany International worth $3,308,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AIN. Royal Bank of Canada increased its holdings in Albany International by 7.5% in the 1st quarter. Royal Bank of Canada now owns 15,590 shares of the textile maker’s stock valued at $1,076,000 after buying an additional 1,085 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Albany International by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,569 shares of the textile maker’s stock valued at $1,282,000 after buying an additional 807 shares during the period. Millennium Management LLC grew its holdings in shares of Albany International by 464.4% during the 1st quarter. Millennium Management LLC now owns 91,934 shares of the textile maker’s stock valued at $6,347,000 after purchasing an additional 75,644 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Albany International by 6.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 59,199 shares of the textile maker’s stock valued at $4,087,000 after purchasing an additional 3,559 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Albany International during the 1st quarter valued at approximately $7,468,000. 97.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AIN shares. Truist Financial lifted their price target on shares of Albany International from $55.00 to $61.00 and gave the company a “hold” rating in a report on Friday. Zacks Research raised shares of Albany International from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Albany International in a report on Friday, March 27th. Finally, Wall Street Zen lowered shares of Albany International from a “buy” rating to a “hold” rating in a report on Saturday. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $62.33.

Albany International Stock Up 0.2%

NYSE:AIN opened at $71.06 on Friday. The firm’s 50 day simple moving average is $60.63 and its 200 day simple moving average is $56.41. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.20 and a quick ratio of 1.88. Albany International Corporation has a one year low of $41.15 and a one year high of $73.00. The company has a market cap of $2.02 billion, a PE ratio of -34.83, a P/E/G ratio of 2.90 and a beta of 1.20.

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

Albany International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Friday, June 5th will be given a $0.28 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.6%. Albany International’s payout ratio is -54.90%.

Albany International Company 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.