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

Albany International Corporation (NYSE:AIN) has been assigned an average recommendation of “Reduce” from the five research firms that are currently covering the firm, Marketbeat.com reports. One 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 target among brokerages that have covered the stock in the last year is $62.3333.

A number of analysts have recently issued reports on AIN shares. Zacks Research raised shares of Albany International from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Truist Financial raised their price objective 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. Weiss Ratings reissued a “sell (d)” rating on shares of Albany International in a report on Friday, March 27th. Finally, Wall Street Zen downgraded shares of Albany International from a “buy” rating to a “hold” rating in a report on Saturday, June 13th.

Albany International Stock Performance

Shares of NYSE AIN opened at $70.43 on Thursday. The firm’s 50-day moving average price is $61.70 and its 200-day moving average price is $56.97. The company has a quick ratio of 1.88, a current ratio of 2.20 and a debt-to-equity ratio of 0.65. The company has a market cap of $2.00 billion, a PE ratio of -34.52, a PEG ratio of 3.00 and a beta of 1.20. Albany International has a 52-week low of $41.15 and a 52-week high of $73.00.

Albany International (NYSE:AIN) last announced its quarterly earnings results on Thursday, April 30th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The firm had revenue of $311.33 million for 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 business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.73 EPS. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. As a group, analysts anticipate that Albany International will post 2.79 EPS for the current year.

Albany International Dividend Announcement

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

Hedge Funds Weigh In On Albany International

Institutional investors and hedge funds have recently made changes to their positions in the business. First Eagle Investment Management LLC purchased a new position in shares of Albany International in the third quarter worth approximately $3,145,000. Deprince Race & Zollo Inc. purchased a new position in shares of Albany International in the fourth quarter worth approximately $18,507,000. William Blair Investment Management LLC boosted its holdings in shares of Albany International by 24.8% in the third quarter. William Blair Investment Management LLC now owns 876,455 shares of the textile maker’s stock worth $46,715,000 after buying an additional 174,023 shares during the last quarter. Invenomic Capital Management LP purchased a new position in shares of Albany International in the third quarter worth approximately $17,269,000. Finally, Numerai GP LLC purchased a new position in shares of Albany International in the third quarter worth approximately $2,658,000. Hedge funds and other institutional investors own 97.37% of the company’s stock.

About Albany International

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.