Connors Investor Services Inc. Acquires 31,551 Shares of Albany International Corporation $AIN

Connors Investor Services Inc. grew its position in Albany International Corporation (NYSE:AIN) by 83.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,408 shares of the textile maker’s stock after acquiring an additional 31,551 shares during the quarter. Connors Investor Services Inc.’s holdings in Albany International were worth $3,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in AIN. Franklin Resources Inc. increased its stake in Albany International by 11,101.8% in the 3rd quarter. Franklin Resources Inc. now owns 648,810 shares of the textile maker’s stock worth $32,324,000 after acquiring an additional 643,018 shares during the last quarter. Deprince Race & Zollo Inc. bought a new stake in Albany International in the 4th quarter worth approximately $18,507,000. Invenomic Capital Management LP bought a new stake in Albany International in the 3rd quarter worth approximately $17,269,000. Millennium Management LLC increased its stake in Albany International by 1,078.5% in the 3rd quarter. Millennium Management LLC now owns 313,830 shares of the textile maker’s stock worth $16,727,000 after acquiring an additional 287,200 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its stake in Albany International by 1,809.0% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 216,122 shares of the textile maker’s stock worth $11,519,000 after acquiring an additional 204,801 shares during the last quarter. Institutional investors own 97.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Zacks Research raised Albany International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Albany International in a research note on Friday, March 27th. Wall Street Zen raised Albany International from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Truist Financial raised Albany International to a “hold” rating in a research note on Thursday. Four analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Albany International has an average rating of “Reduce” and an average target price of $61.50.

Albany International Price Performance

Shares of Albany International stock opened at $62.20 on Friday. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of -30.49, a price-to-earnings-growth ratio of 2.51 and a beta of 1.18. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.88 and a current ratio of 2.20. The stock has a 50 day moving average price of $56.42 and a 200-day moving average price of $54.43. Albany International Corporation has a one year low of $41.15 and a one year high of $73.00.

Albany International (NYSE:AIN) last announced its earnings results on Thursday, April 30th. The textile maker reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. The firm had revenue of $311.33 million during the quarter, compared to analysts’ expectations of $281.00 million. Albany International had a positive return on equity of 9.44% and a negative net margin of 4.93%.The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.73 EPS. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. Equities analysts expect that Albany International Corporation will post 2.91 EPS for the current year.

Albany International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Friday, June 5th will be issued 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 1.8%. Albany International’s payout ratio is -54.90%.

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.