Albany International (NYSE:AIN) Sets New 52-Week High – Here’s What Happened

Shares of Albany International Corporation (NYSE:AIN) reached a new 52-week high on Monday . The stock traded as high as $77.00 and last traded at $76.71, with a volume of 2800 shares traded. The stock had previously closed at $74.69.

Analysts Set New Price Targets

Several research analysts have issued reports on AIN shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Albany International in a report on Wednesday, June 24th. Truist Financial boosted their target price on Albany International from $55.00 to $61.00 and gave the stock a “hold” rating in a research report on Friday, June 12th. Finally, Wall Street Zen raised Albany International from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Albany International has an average rating of “Reduce” and an average price target of $62.33.

Albany International Stock Performance

The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.88 and a current ratio of 2.20. The company has a market cap of $2.16 billion, a price-to-earnings ratio of -37.31, a PEG ratio of 3.22 and a beta of 1.17. The firm’s 50-day moving average price is $69.99 and its 200 day moving average price is $61.37.

Albany International (NYSE:AIN) last released its earnings results on Thursday, April 30th. The textile maker reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. The firm had revenue of $311.33 million during the quarter, compared to analyst estimates 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 in the previous year, the business earned $0.73 EPS. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. On average, sell-side analysts anticipate that Albany International Corporation will post 2.79 EPS for the current year.

Albany International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Friday, June 5th were paid a $0.28 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.12 annualized dividend and a yield of 1.5%. Albany International’s dividend payout ratio is presently -54.90%.

Hedge Funds Weigh In On Albany International

Several institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its stake in shares of Albany International by 227.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 540 shares of the textile maker’s stock valued at $38,000 after acquiring an additional 375 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Albany International by 32.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 711 shares of the textile maker’s stock worth $49,000 after acquiring an additional 174 shares during the last quarter. CWM LLC grew its holdings 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 purchasing an additional 201 shares during the period. Osaic Holdings Inc. increased its stake in Albany International by 42.3% in the second quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock valued at $64,000 after purchasing an additional 270 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new stake in Albany International in the second quarter valued at approximately $77,000. 97.37% of the stock is currently owned by institutional investors and hedge funds.

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.