Albany International (NYSE:AIN) Shares Up 8.4% – Still a Buy?

Albany International Corporation (NYSE:AIN)’s stock price shot up 8.4% during mid-day trading on Wednesday . The stock traded as high as $58.17 and last traded at $58.9010. Approximately 37,397 shares were traded during trading, a decline of 86% from the average daily volume of 275,855 shares. The stock had previously closed at $54.33.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Weiss Ratings raised Albany International from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, July 28th. Truist Financial boosted their price objective on Albany International from $55.00 to $61.00 and gave the company a “hold” rating in a research note on Friday, June 12th. Finally, Wall Street Zen lowered shares of Albany International from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $54.00.

Albany International Trading Up 11.4%

The stock has a fifty day simple moving average of $68.51 and a 200 day simple moving average of $62.65. The firm has a market capitalization of $1.72 billion, a P/E ratio of -34.83, a PEG ratio of 1.55 and a beta of 1.16. The company has a quick ratio of 1.89, a current ratio of 2.24 and a debt-to-equity ratio of 0.60.

Albany International (NYSE:AIN) last released its quarterly earnings data on Tuesday, August 4th. The textile maker reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. The firm had revenue of $329.48 million during the quarter, compared to analyst estimates of $340.10 million. Albany International had a positive return on equity of 10.76% and a negative net margin of 4.18%.The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.31 earnings per share. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. As a group, research analysts forecast that Albany International Corporation will post 2.86 EPS for the current year.

Albany International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Tuesday, September 1st will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.8%. The ex-dividend date is Tuesday, September 1st. Albany International’s dividend payout ratio is presently -64.37%.

Institutional Investors Weigh In On Albany International

Institutional investors and hedge funds have recently modified their holdings of the stock. Nykredit A S bought a new position in shares of Albany International during the second quarter worth $31,000. CWM LLC grew its stake in Albany International by 39.3% during the fourth quarter. CWM LLC now owns 712 shares of the textile maker’s stock valued at $36,000 after acquiring an additional 201 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in 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 acquiring an additional 375 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings 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 during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in Albany International by 42.3% in the 2nd quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock worth $64,000 after purchasing an additional 270 shares in the last quarter. Institutional investors own 97.37% of the company’s stock.

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.