Albany International Corporation (NYSE:AIN) Short Interest Down 16.9% in March

Albany International Corporation (NYSE:AIN) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 527,883 shares, a decline of 16.9% from the March 15th total of 635,473 shares. Based on an average trading volume of 336,594 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.9% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AIN. JPMorgan Chase & Co. boosted their price objective on shares of Albany International from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Weiss Ratings restated a “sell (d)” rating on shares of Albany International in a research report on Friday, March 27th. Truist Financial set a $55.00 price objective on shares of Albany International in a research report on Friday, January 9th. Finally, Zacks Research upgraded shares of Albany International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $61.50.

Albany International Trading Down 1.5%

Shares of AIN traded down $0.86 during trading hours on Thursday, reaching $55.78. 162,190 shares of the company traded hands, compared to its average volume of 294,832. The company’s fifty day moving average price is $55.79 and its two-hundred day moving average price is $53.93. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of -27.61, a price-to-earnings-growth ratio of 2.39 and a beta of 1.18. The company has a quick ratio of 1.83, a current ratio of 2.10 and a debt-to-equity ratio of 0.62. Albany International has a 12 month low of $41.15 and a 12 month high of $73.00.

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

Albany International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 7th. Stockholders of record on Friday, March 20th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, March 20th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.0%. Albany International’s payout ratio is presently -55.45%.

Hedge Funds Weigh In On Albany International

A number of institutional investors have recently added to or reduced their stakes in AIN. EverSource Wealth Advisors LLC lifted its position in Albany International by 227.3% during the second quarter. EverSource Wealth Advisors LLC now owns 540 shares of the textile maker’s stock valued at $38,000 after buying an additional 375 shares during the period. Smartleaf Asset Management LLC lifted its position in Albany International by 32.4% during the second quarter. Smartleaf Asset Management LLC now owns 711 shares of the textile maker’s stock valued at $49,000 after buying an additional 174 shares during the period. CWM LLC lifted its position in Albany International by 39.3% during the fourth quarter. CWM LLC now owns 712 shares of the textile maker’s stock valued at $36,000 after buying an additional 201 shares during the period. Osaic Holdings Inc. boosted its stake in Albany International by 42.3% during the second 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. Finally, Lazard Asset Management LLC bought a new stake in Albany International during the second quarter worth about $77,000. 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.