Albany International (NYSE:AIN) Shares Down 4.5% – Should You Sell?

Albany International Corporation (NYSE:AIN) was down 4.5% during mid-day trading on Monday . The company traded as low as $55.52 and last traded at $55.7350. 15,094 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 275,023 shares. The stock had previously closed at $58.35.

Analyst Upgrades and Downgrades

Several research firms have commented on AIN. Wall Street Zen downgraded Albany International from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings raised Albany International from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. Finally, Truist Financial raised their price target on Albany International from $55.00 to $61.00 and gave the company a “hold” rating in a research note on Friday, June 12th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $54.00.

Albany International Stock Performance

The firm’s fifty day moving average price is $69.17 and its 200 day moving average price is $62.71. The firm has a market cap of $1.57 billion, a P/E ratio of -31.87, a price-to-earnings-growth ratio of 1.63 and a beta of 1.17. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.89 and a current ratio of 2.24.

Albany International (NYSE:AIN) last released its quarterly earnings data on Tuesday, August 4th. The textile maker reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. The firm had revenue of $329.48 million for the quarter, compared to the consensus estimate of $340.10 million. Albany International had a negative net margin of 4.18% and a positive return on equity of 10.76%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the firm earned $0.31 earnings per share. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. Sell-side analysts expect that Albany International Corporation will post 2.86 EPS for the current fiscal year.

Albany International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, September 1st. Albany International’s dividend payout ratio (DPR) is -64.37%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its position in Albany International by 7.5% during the first quarter. Royal Bank of Canada now owns 15,590 shares of the textile maker’s stock valued at $1,076,000 after purchasing an additional 1,085 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Albany International by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,569 shares of the textile maker’s stock worth $1,282,000 after purchasing an additional 807 shares in the last quarter. Millennium Management LLC raised its holdings in Albany International by 464.4% in the first quarter. Millennium Management LLC now owns 91,934 shares of the textile maker’s stock worth $6,347,000 after purchasing an additional 75,644 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Albany International by 6.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 59,199 shares of the textile maker’s stock valued at $4,087,000 after buying an additional 3,559 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Albany International during the first quarter valued at about $7,468,000. 97.37% of the stock is 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.