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

Albany International Corporation (NYSE:AIN) has been given a consensus rating of “Reduce” by the six brokerages that are currently covering the company, Marketbeat reports. Two research analysts have 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 issued ratings on the stock in the last year is $61.50.

AIN has been the subject of several analyst reports. Zacks Research upgraded Albany International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Truist Financial upgraded Albany International to a “hold” rating in a research report on Thursday. Wall Street Zen upgraded Albany International from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Albany International in a research report on Friday, March 27th.

Albany International Stock Up 2.0%

NYSE:AIN opened at $62.20 on Friday. The firm has a market capitalization of $1.77 billion, a PE ratio of -30.49, a price-to-earnings-growth ratio of 2.51 and a beta of 1.18. The stock has a 50 day moving average of $56.42 and a 200-day moving average of $54.43. Albany International has a 52 week low of $41.15 and a 52 week high of $73.00. The company has a current ratio of 2.20, a quick ratio of 1.88 and a debt-to-equity ratio of 0.65.

Albany International (NYSE:AIN) last issued its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.05. The business had revenue of $311.33 million during the quarter, compared to the consensus estimate of $281.00 million. Albany International had a positive return on equity of 9.44% and a negative net margin of 4.93%.The business’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.73 earnings per share. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. Analysts predict that Albany International will post 2.91 EPS for the current year.

Albany International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Friday, June 5th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, June 5th. Albany International’s dividend payout ratio is -54.90%.

Institutional Investors Weigh In On Albany International

Institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its position in Albany International by 227.3% in the second quarter. EverSource Wealth Advisors LLC now owns 540 shares of the textile maker’s stock worth $38,000 after purchasing an additional 375 shares during the period. Smartleaf Asset Management LLC lifted its position in Albany International by 32.4% in the second quarter. Smartleaf Asset Management LLC now owns 711 shares of the textile maker’s stock worth $49,000 after purchasing an additional 174 shares during the period. CWM LLC lifted its position in Albany International by 39.3% in the fourth quarter. CWM LLC now owns 712 shares of the textile maker’s stock worth $36,000 after purchasing an additional 201 shares during the period. Osaic Holdings Inc. lifted its position in Albany International by 42.3% in the second quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock worth $64,000 after purchasing an additional 270 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in Albany International in the second quarter worth approximately $77,000. 97.37% of the stock is currently owned by institutional investors and hedge funds.

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.