Albany International (NYSE:AIN) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Albany International Corporation (NYSE:AIN)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $53.98 and traded as high as $54.54. Albany International shares last traded at $54.0680, with a volume of 222,312 shares.

Analysts Set New Price Targets

AIN has been the subject of several analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Albany International in a research report on Friday, March 27th. JPMorgan Chase & Co. increased their target price on Albany International from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, January 16th. Truist Financial set a $55.00 target price on Albany International in a report on Friday, January 9th. Finally, Zacks Research raised Albany International from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Albany International presently has a consensus rating of “Reduce” and a consensus target price of $61.50.

Albany International Price Performance

The company has a quick ratio of 1.83, a current ratio of 2.10 and a debt-to-equity ratio of 0.62. The firm’s fifty day moving average price is $56.06 and its two-hundred day moving average price is $53.98. The stock has a market capitalization of $1.53 billion, a PE ratio of -26.77, a PEG ratio of 2.02 and a beta of 1.18.

Albany International (NYSE:AIN) last issued its earnings results on Tuesday, February 24th. The textile maker reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.01. Albany International had a negative net margin of 4.85% and a positive return on equity of 9.64%. The company had revenue of $321.21 million for the quarter, compared to analysts’ expectations of $292.32 million. During the same quarter last year, the company posted $0.58 earnings per share. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. Albany International has set its Q1 2026 guidance at 0.500-0.600 EPS. On average, equities analysts predict that Albany International Corporation will post 3.23 earnings per share for the current year.

Albany International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 7th. Stockholders of record on Friday, March 20th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, March 20th. Albany International’s dividend payout ratio is presently -55.45%.

Institutional Trading of Albany International

Large investors have recently modified their holdings of the company. Royal Bank of Canada lifted its holdings in Albany International by 7.5% in the first quarter. Royal Bank of Canada now owns 15,590 shares of the textile maker’s stock valued at $1,076,000 after acquiring an additional 1,085 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Albany International by 4.5% during 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 purchasing an additional 807 shares during the last quarter. Millennium Management LLC increased its position in shares of Albany International by 464.4% during the 1st 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of 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 worth $4,087,000 after purchasing an additional 3,559 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of Albany International in the 1st quarter worth approximately $7,468,000. Institutional investors own 97.37% of the company’s stock.

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.