Albany InternationalAIN
Market Cap: $2.64B
About: Albany International Corp is principally engaged in processing textiles and materials. The company consists of two business segments, the machine clothing segment, which produces and provides custom-designed fabrics and belts for the production in the paper, nonwovens, and other process industries; and the Albany engineered composites segment, which offers engineered composite parts for the aerospace and defensive industries. The machine clothing segment contributes to the majority of the company's total revenue. The company has an operation and generates revenue from the United States, Switzerland, Brazil, China, Mexico, France, and other areas.
Employees: 5,600
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
10% more repeat investments, than reductions
Existing positions increased: 107 | Existing positions reduced: 97
1.35% more ownership
Funds ownership: 99.76% [Q1] → 101.11% (+1.35%) [Q2]
0% more funds holding
Funds holding: 274 [Q1] → 274 (+0) [Q2]
0% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 33
8% less capital invested
Capital invested by funds: $2.91B [Q1] → $2.67B (-$243M) [Q2]
50% less funds holding in top 10
Funds holding in top 10: 2 [Q1] → 1 (-1) [Q2]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Truist Securities Michael Ciarmoli 64% 1-year accuracy 37 / 58 met price target | 19%upside $101 | Buy Maintained | 17 Jul 2024 |