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

Albany International Corporation (NYSE:AIN) has been given an average rating of “Reduce” by the five analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $61.00.

AIN has been the topic of several research analyst reports. Weiss Ratings cut shares of Albany International from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday. Robert W. Baird boosted 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. Wall Street Zen lowered Albany International from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Truist Financial lifted their target price on Albany International from $55.00 to $61.00 and gave the stock a “hold” rating in a report on Friday, June 12th.

Albany International Trading Down 0.0%

Shares of Albany International stock opened at $60.85 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.24 and a quick ratio of 1.89. The business has a fifty day simple moving average of $62.27 and a two-hundred day simple moving average of $63.14. Albany International has a 1 year low of $41.15 and a 1 year high of $77.00. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of -34.97, a P/E/G ratio of 1.55 and a beta of 1.17.

Albany International (NYSE:AIN) last released 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 firm had revenue of $329.48 million for 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 company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 earnings per share. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. Research analysts forecast that Albany International will post 3.14 EPS for the current year.

Albany International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Tuesday, September 1st will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.12 dividend on an annualized basis and a yield of 1.8%. Albany International’s dividend payout ratio is currently -64.37%.

Institutional Trading of Albany International

Several large investors have recently modified their holdings of the stock. Allworth Financial LP increased its position in shares of Albany International by 95.1% during the second quarter. Allworth Financial LP now owns 474 shares of the textile maker’s stock worth $35,000 after buying an additional 231 shares during the period. GAMMA Investing LLC boosted its position in shares of Albany International by 25.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,286 shares of the textile maker’s stock valued at $96,000 after purchasing an additional 260 shares in the last quarter. Cim Investment Management Inc. grew its stake in Albany International by 7.4% during the second quarter. Cim Investment Management Inc. now owns 5,780 shares of the textile maker’s stock worth $431,000 after purchasing an additional 399 shares during the period. Nykredit A S bought a new stake in Albany International in the second quarter worth approximately $31,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Albany International during the 2nd quarter worth approximately $35,000. 97.37% of the stock is owned by institutional investors and hedge funds.

About Albany International

Albany International Corp. (NYSE: AIN) develops and manufactures advanced engineered products and materials for industrial and aerospace applications. The company operates through two principal business segments: Machine Clothing and Albany Engineered Composites.

The Machine Clothing segment produces custom-designed fabrics, process belts and related products used in papermaking and other industrial production processes. Its products support the forming, pressing, drying and finishing stages of paper manufacturing, as well as selected applications in nonwoven materials and other process industries.

Albany Engineered Composites manufactures lightweight, high-performance composite components and structures for commercial aerospace, military and other demanding applications.