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

Albany International Corporation (NYSE:AIN) gapped down prior to trading on Tuesday . The stock had previously closed at $75.12, but opened at $70.25. Albany International shares last traded at $65.3390, with a volume of 37,960 shares.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Weiss Ratings upgraded Albany International from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, July 28th. Truist Financial lifted their target price on Albany International from $55.00 to $61.00 and gave the stock a “hold” rating in a report on Friday, June 12th. Finally, Wall Street Zen upgraded Albany International from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Albany International has an average rating of “Reduce” and an average price target of $54.00.

Albany International Stock Down 1.9%

The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of -35.51, a P/E/G ratio of 2.63 and a beta of 1.17. The business’s 50-day moving average is $71.60 and its 200-day moving average is $62.24. The company has a quick ratio of 1.88, a current ratio of 2.24 and a debt-to-equity ratio of 0.60.

Albany International (NYSE:AIN) last announced its quarterly earnings results on Tuesday, August 4th. The textile maker reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.08. The company had revenue of $329.48 million for the quarter, compared to the consensus estimate of $340.10 million. Albany International had a positive return on equity of 10.76% and a negative net margin of 4.18%.The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the firm earned $0.31 EPS. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. As a group, equities analysts predict that Albany International Corporation will post 2.85 earnings per share for the current year.

Albany International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Friday, June 5th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, June 5th. Albany International’s payout ratio is currently -54.90%.

Institutional Trading of Albany International

Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada raised 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 worth $1,076,000 after acquiring an additional 1,085 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Albany International by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,569 shares of the textile maker’s stock valued at $1,282,000 after buying an additional 807 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Albany International by 464.4% in the first quarter. Millennium Management LLC now owns 91,934 shares of the textile maker’s stock valued at $6,347,000 after purchasing an additional 75,644 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Albany International by 6.4% in the 1st 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 purchasing an additional 3,559 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Albany International in the 1st quarter valued at approximately $7,468,000. 97.37% of the stock is owned by institutional investors and hedge funds.

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.