Albany International (NYSE:AIN) Hits New 52-Week High – Still a Buy?

Shares of Albany International Corporation (NYSE:AIN) reached a new 52-week high on Thursday . The company traded as high as $73.95 and last traded at $73.7950, with a volume of 10778 shares. The stock had previously closed at $71.96.

Analysts Set New Price Targets

Several equities analysts have commented on AIN shares. Zacks Research raised Albany International from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Wall Street Zen lowered Albany International from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Truist Financial lifted their price objective on Albany International from $55.00 to $61.00 and gave the stock a “hold” rating in a report on Friday, June 12th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Albany International in a research report on Friday, March 27th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Albany International presently has a consensus rating of “Reduce” and a consensus price target of $62.33.

Albany International Stock Up 3.9%

The company has a quick ratio of 1.88, a current ratio of 2.20 and a debt-to-equity ratio of 0.65. The business has a 50-day simple moving average of $63.21 and a two-hundred day simple moving average of $57.80. The stock has a market capitalization of $2.12 billion, a P/E ratio of -36.72, a PEG ratio of 3.00 and a beta of 1.20.

Albany International (NYSE:AIN) last issued its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $281.00 million. During the same period last year, the business earned $0.73 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. Equities research analysts forecast that Albany International Corporation will post 2.79 earnings per share for the current fiscal year.

Albany International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Friday, June 5th will be given a $0.28 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.12 dividend on an annualized basis and a yield of 1.5%. Albany International’s payout ratio is -54.90%.

Institutional Investors Weigh In On Albany International

A number of large investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC increased its position in 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 acquiring an additional 174 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Albany International by 0.6% in the 2nd quarter. California State Teachers Retirement System now owns 28,783 shares of the textile maker’s stock valued at $2,019,000 after buying an additional 179 shares during the period. CWM LLC raised its position in shares of Albany International by 39.3% during the fourth quarter. CWM LLC now owns 712 shares of the textile maker’s stock worth $36,000 after acquiring an additional 201 shares during the last quarter. Dakota Wealth Management lifted its stake in shares of Albany International by 1.8% during the third quarter. Dakota Wealth Management now owns 13,878 shares of the textile maker’s stock valued at $740,000 after acquiring an additional 245 shares during the period. Finally, Osaic Holdings Inc. lifted its stake in shares of Albany International by 42.3% during the second quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock valued at $64,000 after acquiring an additional 270 shares during the period. 97.37% of the stock is currently owned by institutional investors.

Albany International Company 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.