State of New Jersey Common Pension Fund D Increases Holdings in Albany International Corporation $AIN

State of New Jersey Common Pension Fund D raised its stake in shares of Albany International Corporation (NYSE:AIN) by 49.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 50,929 shares of the textile maker’s stock after buying an additional 16,825 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Albany International were worth $2,582,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of AIN. First Eagle Investment Management LLC purchased a new stake in shares of Albany International during the 3rd quarter valued at about $3,145,000. Deprince Race & Zollo Inc. bought a new stake in shares of Albany International in the fourth quarter worth approximately $18,507,000. AlphaQuest LLC bought a new stake in shares of Albany International in the third quarter worth approximately $473,000. New York State Common Retirement Fund grew its stake in shares of Albany International by 9.9% in the third quarter. New York State Common Retirement Fund now owns 284,671 shares of the textile maker’s stock worth $15,173,000 after acquiring an additional 25,585 shares during the period. Finally, Skylands Capital LLC bought a new stake in shares of Albany International in the third quarter worth approximately $1,992,000. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Albany International Stock Performance

Shares of AIN opened at $60.83 on Thursday. 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 one year low of $41.15 and a one year high of $73.00. The firm has a market capitalization of $1.72 billion, a P/E ratio of -29.82, a PEG ratio of 2.39 and a beta of 1.18. The business has a fifty day moving average of $55.47 and a 200 day moving average of $54.11.

Albany International (NYSE:AIN) last issued 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 positive return on equity of 9.44% and a negative net margin of 4.93%.The company had revenue of $311.33 million during the quarter, compared to analyst estimates of $281.00 million. During the same quarter in the previous year, the company posted $0.73 earnings per share. Albany International’s revenue was up 7.8% compared to the same quarter last year. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. As a group, sell-side analysts anticipate that Albany International Corporation will post 2.91 EPS for the current year.

Albany International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 7th. Investors of record on Friday, March 20th were issued a $0.28 dividend. The ex-dividend date of this dividend was Friday, March 20th. This represents a $1.12 annualized dividend and a dividend yield of 1.8%. Albany International’s payout ratio is presently -54.90%.

Analysts Set New Price Targets

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

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.