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

by · The Markets Daily

Deprince Race & Zollo Inc. lifted its holdings in shares of Albany International Corporation (NYSE:AIN – Free Report) by 20.3% during the 1st quarter, Holdings Channel reports. The firm owned 439,053 shares of the textile maker’s stock after purchasing an additional 74,028 shares during the period. Deprince Race & Zollo Inc.’s holdings in Albany International were worth $22,923,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. First Eagle Investment Management LLC bought a new position in Albany International in the 3rd quarter valued at about $3,145,000. Connors Investor Services Inc. increased its holdings in shares of Albany International by 83.3% during the fourth quarter. Connors Investor Services Inc. now owns 69,408 shares of the textile maker’s stock worth $3,519,000 after buying an additional 31,551 shares in the last quarter. Invenomic Capital Management LP bought a new position in Albany International in the third quarter valued at about $17,269,000. Numerai GP LLC bought a new position in Albany International in the 3rd quarter valued at approximately $2,658,000. Finally, SG Americas Securities LLC raised its stake in shares of Albany International by 287.0% during the fourth quarter. SG Americas Securities LLC now owns 31,692 shares of the textile maker’s stock valued at $1,607,000 after acquiring an additional 23,502 shares during the last quarter. Institutional investors own 97.37% of the company’s stock.

Albany International Stock Up 0.1%

Shares of NYSE:AIN opened at $74.55 on Thursday. The company has a market capitalization of $2.12 billion, a PE ratio of -36.54, a price-to-earnings-growth ratio of 3.18 and a beta of 1.17. The business has a fifty day moving average price of $64.98 and a two-hundred day moving average price of $58.66. 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 1 year low of $41.15 and a 1 year high of $76.56.

Albany International (NYSE:AIN – Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $281.00 million. During the same quarter in the previous year, the firm posted $0.73 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. Analysts forecast that Albany International Corporation will post 2.79 earnings per share for the current year.

Albany International Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Weiss Ratings restated a “sell (d)” rating on shares of Albany International in a research report on Wednesday, June 24th. Truist Financial upped 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, Wall Street Zen cut Albany International from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Albany International presently has a consensus rating of “Reduce” and an average target price of $62.33.

Get Our Latest Stock Report on Albany International

Albany International Profile

(Free Report)

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.

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