Albany International Corporation (NYSE:AIN) Given Consensus Rating of “Reduce” by Brokerages

Albany International Corporation (NYSE:AIN) has received an average recommendation of “Reduce” from the five brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $62.3333.

Several research firms have commented on AIN. Wall Street Zen cut shares of Albany International from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Albany International in a report on Friday, March 27th. Zacks Research upgraded shares of Albany International from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Finally, Truist Financial increased their price objective on shares of Albany International from $55.00 to $61.00 and gave the company a “hold” rating in a report on Friday, June 12th.

Albany International Price Performance

NYSE AIN opened at $72.09 on Thursday. Albany International has a 52 week low of $41.15 and a 52 week high of $73.00. The company has a current ratio of 2.20, a quick ratio of 1.88 and a debt-to-equity ratio of 0.65. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of -35.34, a price-to-earnings-growth ratio of 3.03 and a beta of 1.20. The company has a 50-day moving average price of $62.66 and a two-hundred day moving average price of $57.47.

Albany International (NYSE:AIN) last posted its earnings results on Thursday, April 30th. The textile maker reported $0.60 EPS for the quarter, topping the consensus estimate of $0.55 by $0.05. Albany International had a negative net margin of 4.93% and a positive return on equity of 9.44%. The firm had revenue of $311.33 million during the quarter, compared to analysts’ expectations of $281.00 million. During the same quarter in the prior year, the firm earned $0.73 EPS. Albany International’s quarterly revenue was up 7.8% on a year-over-year basis. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. Analysts forecast that Albany International will post 2.79 EPS for the current year.

Albany International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Friday, June 5th will be issued a $0.28 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.12 annualized dividend and a dividend yield of 1.6%. Albany International’s dividend payout ratio (DPR) is -54.90%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE boosted its holdings in shares of Albany International by 18.2% in the first quarter. Bank of America Corp DE now owns 1,043,579 shares of the textile maker’s stock valued at $54,485,000 after acquiring an additional 160,370 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Albany International by 123.3% in the first quarter. Quantinno Capital Management LP now owns 15,045 shares of the textile maker’s stock valued at $786,000 after acquiring an additional 8,308 shares in the last quarter. Entropy Technologies LP boosted its holdings in shares of Albany International by 53.1% in the first quarter. Entropy Technologies LP now owns 13,318 shares of the textile maker’s stock valued at $695,000 after acquiring an additional 4,619 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Albany International in the first quarter valued at approximately $5,007,000. Finally, Gabelli Funds LLC boosted its holdings in shares of Albany International by 88.5% in the first quarter. Gabelli Funds LLC now owns 281,703 shares of the textile maker’s stock valued at $14,708,000 after acquiring an additional 132,226 shares in the last quarter. 97.37% of the stock is currently 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.