Massachusetts Financial Services Co. MA Has $31.67 Million Stock Position in Albany International Corporation $AIN

Massachusetts Financial Services Co. MA grew its stake in Albany International Corporation (NYSE:AIN) by 16.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 624,708 shares of the textile maker’s stock after buying an additional 86,551 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Albany International were worth $31,673,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake in shares of Albany International by 227.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 540 shares of the textile maker’s stock valued at $38,000 after purchasing an additional 375 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Albany International by 32.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 711 shares of the textile maker’s stock valued at $49,000 after purchasing an additional 174 shares during the period. Osaic Holdings Inc. lifted its stake in shares of Albany International by 42.3% in the 2nd quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock valued at $64,000 after purchasing an additional 270 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Albany International in the 3rd quarter valued at $66,000. Finally, Lazard Asset Management LLC acquired a new position in shares of Albany International in the 2nd quarter valued at $77,000. Institutional investors and hedge funds own 97.37% of the company’s stock.

Albany International Trading Down 2.9%

Albany International stock opened at $56.70 on Thursday. The firm has a 50-day moving average of $55.79 and a 200-day moving average of $53.93. Albany International Corporation has a one year low of $41.15 and a one year high of $73.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.10 and a quick ratio of 1.83. The company has a market cap of $1.60 billion, a price-to-earnings ratio of -28.07, a P/E/G ratio of 2.39 and a beta of 1.18.

Albany International (NYSE:AIN) last posted its quarterly earnings data on Tuesday, February 24th. The textile maker reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. Albany International had a negative net margin of 4.85% and a positive return on equity of 9.64%. The company had revenue of $321.21 million during the quarter, compared to the consensus estimate of $292.32 million. During the same period in the prior year, the business posted $0.58 EPS. The company’s quarterly revenue was up 12.0% on a year-over-year basis. Albany International has set its Q1 2026 guidance at 0.500-0.600 EPS. On average, equities analysts expect that Albany International Corporation will post 3.23 earnings per share for the current fiscal year.

Albany International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 7th. Stockholders of record on Friday, March 20th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Friday, March 20th. Albany International’s dividend payout ratio is currently -55.45%.

Wall Street Analyst Weigh In

A number of analysts recently commented on AIN shares. Zacks Research upgraded shares of Albany International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. JPMorgan Chase & Co. upped their price objective on shares of Albany International from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Weiss Ratings restated a “sell (d)” rating on shares of Albany International in a research report on Friday, March 27th. Finally, Truist Financial set a $55.00 price objective on shares of Albany International in a research report on Friday, January 9th. Four investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Albany International currently has an average rating of “Reduce” and an average price target of $61.50.

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.