Albany International Corporation (NYSE:AIN) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Albany International Corporation (NYSE:AIN) have been given a consensus recommendation of “Reduce” by the five analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $62.3333.

Several research firms recently weighed in on AIN. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Albany International in a research report on Wednesday, June 24th. Wall Street Zen upgraded shares of Albany International from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Finally, Truist Financial upped their price target on shares of Albany International from $55.00 to $61.00 and gave the stock a “hold” rating in a report on Friday, June 12th.

Institutional Investors Weigh In On Albany International

Hedge funds have recently made changes to their positions in the stock. CWM LLC grew its position in Albany International by 39.3% during the 4th quarter. CWM LLC now owns 712 shares of the textile maker’s stock worth $36,000 after acquiring an additional 201 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Albany International by 227.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 540 shares of the textile maker’s stock worth $38,000 after acquiring an additional 375 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Albany International by 32.4% during the second quarter. Smartleaf Asset Management LLC now owns 711 shares of the textile maker’s stock worth $49,000 after acquiring an additional 174 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in Albany International by 42.3% in the second quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock valued at $64,000 after buying an additional 270 shares during the period. Finally, Quadrant Capital Group LLC boosted its position in Albany International by 519.7% during the fourth quarter. Quadrant Capital Group LLC now owns 1,382 shares of the textile maker’s stock valued at $70,000 after acquiring an additional 1,159 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Albany International Trading Up 0.2%

AIN stock opened at $74.58 on Monday. Albany International has a 52 week low of $41.15 and a 52 week high of $76.56. The company has a market capitalization of $2.12 billion, a PE ratio of -36.56, a price-to-earnings-growth ratio of 3.18 and a beta of 1.17. The company’s 50-day simple moving average is $68.69 and its 200 day simple moving average is $60.49. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.88 and a current ratio of 2.20.

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

Albany International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Friday, June 5th were issued a $0.28 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.5%. Albany International’s dividend payout ratio is -54.90%.

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.