Gamco Investors INC. ET AL Boosts Holdings in Albany International Corporation $AIN

Gamco Investors INC. ET AL boosted its position in Albany International Corporation (NYSE:AIN) by 0.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,330 shares of the textile maker’s stock after buying an additional 250 shares during the period. Gamco Investors INC. ET AL owned approximately 0.16% of Albany International worth $3,406,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in AIN. Brooklyn Investment Group boosted its position in shares of Albany International by 2,241.2% during the 1st quarter. Brooklyn Investment Group now owns 398 shares of the textile maker’s stock worth $27,000 after purchasing an additional 381 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Albany International during the 4th quarter worth $40,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Albany International during the 1st quarter worth $105,000. Blue Trust Inc. boosted its position in shares of Albany International by 48.7% during the 1st quarter. Blue Trust Inc. now owns 3,065 shares of the textile maker’s stock worth $212,000 after purchasing an additional 1,004 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Albany International during the 1st quarter worth $212,000. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AIN has been the topic of several research analyst reports. Robert W. Baird lowered shares of Albany International from an “outperform” rating to a “neutral” rating and set a $79.00 target price on the stock. in a research report on Thursday, July 31st. JPMorgan Chase & Co. boosted their target price on shares of Albany International from $65.00 to $77.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Bank of America decreased their target price on shares of Albany International from $75.00 to $65.00 and set an “underperform” rating on the stock in a research report on Monday, June 2nd. Wall Street Zen raised Albany International from a “hold” rating to a “buy” rating in a research note on Friday, May 16th. Finally, Truist Financial reaffirmed a “hold” rating and set a $55.00 price target (down previously from $70.00) on shares of Albany International in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Albany International has an average rating of “Hold” and a consensus target price of $71.40.

Albany International Trading Down 0.3%

NYSE:AIN opened at $63.72 on Friday. The company has a market capitalization of $1.88 billion, a PE ratio of 31.86, a price-to-earnings-growth ratio of 1.52 and a beta of 1.38. The company has a quick ratio of 2.78, a current ratio of 3.51 and a debt-to-equity ratio of 0.50. Albany International Corporation has a 52-week low of $50.60 and a 52-week high of $94.20. The stock has a fifty day simple moving average of $66.84 and a 200-day simple moving average of $68.54.

Albany International (NYSE:AIN) last announced its earnings results on Wednesday, July 30th. The textile maker reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.16). Albany International had a net margin of 5.25% and a return on equity of 8.87%. The firm had revenue of $311.40 million during the quarter, compared to analyst estimates of $306.06 million. During the same period in the previous year, the firm posted $0.89 EPS. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. Albany International has set its FY 2025 guidance at 3.000-3.400 EPS. On average, equities research analysts expect that Albany International Corporation will post 3.23 earnings per share for the current fiscal year.

Albany International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Tuesday, September 2nd will be paid a $0.27 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.08 annualized dividend and a yield of 1.7%. Albany International’s payout ratio is presently 54.00%.

About Albany International

Albany International Corp., together with its subsidiaries, engages in the machine clothing and engineered composites businesses. The company operates in two segments, Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment designs, manufactures, and markets paper machine clothing for use in the manufacturing of papers, paperboards, tissues, towels, pulps, nonwovens, building products, tannery, and textiles, as well as fiber cement and several other industrial applications.