Albany International Corporation (NYSE:AIN) Given Consensus Recommendation of “Reduce” by Analysts

Albany International Corporation (NYSE:AIN) has been assigned an average rating of “Reduce” from the five research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $61.00.

A number of research analysts have recently commented on the company. Robert W. Baird increased their price target on Albany International from $64.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, September 3rd. Truist Financial increased their target price on Albany International from $55.00 to $61.00 and gave the company a “hold” rating in a research report on Friday, June 12th. Wall Street Zen upgraded Albany International from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. Finally, Weiss Ratings raised Albany International from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, July 28th.

Hedge Funds Weigh In On Albany International

Several large investors have recently modified their holdings of AIN. Nykredit A S acquired a new position in shares of Albany International during the second quarter worth $31,000. Allworth Financial LP raised its position in Albany International by 95.1% during the 2nd quarter. Allworth Financial LP now owns 474 shares of the textile maker’s stock worth $35,000 after purchasing an additional 231 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Albany International during the 2nd quarter worth $35,000. CWM LLC lifted its holdings 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 buying an additional 201 shares during the period. Finally, EverSource Wealth Advisors LLC lifted 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 buying an additional 375 shares during the period. Institutional investors own 97.37% of the company’s stock.

Albany International Stock Down 3.0%

AIN stock opened at $60.47 on Thursday. The stock has a market capitalization of $1.72 billion, a P/E ratio of -34.75, a price-to-earnings-growth ratio of 1.59 and a beta of 1.16. The company has a current ratio of 2.24, a quick ratio of 1.89 and a debt-to-equity ratio of 0.60. The firm has a 50-day moving average price of $66.93 and a 200-day moving average price of $62.79. Albany International has a 12 month low of $41.15 and a 12 month high of $77.00.

Albany International (NYSE:AIN) last issued its quarterly earnings data on Tuesday, August 4th. The textile maker reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. The business had revenue of $329.48 million during the quarter, compared to the consensus estimate of $340.10 million. Albany International had a negative net margin of 4.18% and a positive return on equity of 10.76%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior 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 research analysts anticipate that Albany International will post 3.14 EPS for the current fiscal year.

Albany International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, September 1st. Albany International’s payout ratio is presently -64.37%.

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.