Albany International Corporation (NYSE:AIN) Receives Average Recommendation of “Reduce” from Analysts

Albany International Corporation (NYSE:AIN) has been assigned an average recommendation of “Reduce” from the five analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $61.00.

Several equities analysts have commented on the company. Weiss Ratings raised Albany International from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. Wall Street Zen downgraded Albany International from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Truist Financial boosted their target price on shares of Albany International from $55.00 to $61.00 and gave the company a “hold” rating in a research note on Friday, June 12th. Finally, Robert W. Baird upped their price target on shares of Albany International from $64.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday.

Albany International Trading Up 5.8%

Shares of Albany International stock traded up $3.40 during trading on Thursday, hitting $62.17. The stock had a trading volume of 24,578 shares, compared to its average volume of 276,699. Albany International has a 12 month low of $41.15 and a 12 month high of $77.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.24 and a quick ratio of 1.89. The firm’s fifty day simple moving average is $68.25 and its 200-day simple moving average is $62.66. The stock has a market cap of $1.77 billion, a PE ratio of -36.09, a PEG ratio of 1.52 and a beta of 1.16.

Albany International (NYSE:AIN) last posted 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. Albany International had a negative net margin of 4.18% and a positive return on equity of 10.76%. The company had revenue of $329.48 million for the quarter, compared to analyst estimates of $340.10 million. During the same period in the prior year, the company posted $0.31 EPS. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. As a group, sell-side analysts expect that Albany International will post 2.86 EPS for the current fiscal year.

Albany International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.8%. Albany International’s dividend payout ratio (DPR) is -64.37%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AIN. Smartleaf Asset Management LLC increased its holdings in Albany International by 32.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 711 shares of the textile maker’s stock worth $49,000 after purchasing an additional 174 shares during the period. California State Teachers Retirement System raised its holdings in shares of Albany International by 0.6% in the second quarter. California State Teachers Retirement System now owns 28,783 shares of the textile maker’s stock valued at $2,019,000 after acquiring an additional 179 shares in the last quarter. CWM LLC raised its holdings in shares of Albany International by 39.3% in 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. GAMMA Investing LLC lifted its stake in Albany International by 25.3% in the second quarter. GAMMA Investing LLC now owns 1,286 shares of the textile maker’s stock worth $96,000 after acquiring an additional 260 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in Albany International by 42.3% during the 2nd quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock worth $64,000 after acquiring 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.