Albany International Corporation (NYSE:AIN) Declares $0.28 Quarterly Dividend

Albany International Corporation (NYSE:AIN) announced a quarterly dividend on Monday, May 18th. Shareholders of record on Friday, June 5th will be paid a dividend of 0.28 per share by the textile maker on Tuesday, July 7th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, June 5th.

Albany International has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 7 consecutive years. Albany International has a dividend payout ratio of 28.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Albany International to earn $2.95 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 38.0%.

Albany International Price Performance

Shares of NYSE AIN opened at $61.05 on Tuesday. Albany International has a twelve month low of $41.15 and a twelve month high of $73.00. The company has a current ratio of 2.20, a quick ratio of 1.88 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of -29.93, a PEG ratio of 2.48 and a beta of 1.18. The firm has a 50-day moving average of $56.09 and a two-hundred day moving average of $54.30.

Albany International (NYSE:AIN) last issued its quarterly earnings results on Thursday, April 30th. The textile maker reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $311.33 million during the quarter, compared to the consensus estimate of $281.00 million. During the same period in the prior year, the company earned $0.73 EPS. Albany International’s 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. As a group, analysts expect that Albany International will post 2.91 earnings per share for the current fiscal year.

Institutional Trading of Albany International

A number of hedge funds have recently bought and sold shares of AIN. CWM LLC lifted its stake in Albany International by 39.3% during the fourth 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 lifted its stake in 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 in the last quarter. Smartleaf Asset Management LLC lifted its stake in 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 in the last quarter. Osaic Holdings Inc. lifted its stake in Albany International by 42.3% during the second quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock valued at $64,000 after buying an additional 270 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Albany International during the third quarter valued at about $66,000. 97.37% of the stock is owned by hedge funds and other institutional investors.

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.