Albany International Corporation (NYSE:AIN) Stock Has Consensus Target Price of $61.00

Albany International Corporation (NYSE:AIN) has been assigned an average recommendation of “Reduce” from the five analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $61.00.

AIN has been the topic of a number of analyst reports. Wall Street Zen raised Albany International from a “hold” rating to a “buy” rating in a research note on Saturday, September 5th. Weiss Ratings raised Albany International from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, July 28th. Truist Financial boosted their price objective on Albany International from $55.00 to $61.00 and gave the company a “hold” rating in a report on Friday, June 12th. Finally, Robert W. Baird upped their price objective on Albany International from $64.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, September 3rd.

Albany International Price Performance

AIN stock opened at $59.66 on Monday. Albany International has a 12 month low of $41.15 and a 12 month high of $77.00. 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 company has a 50-day moving average price of $62.86 and a 200 day moving average price of $63.06. The stock has a market cap of $1.69 billion, a PE ratio of -34.29, a P/E/G ratio of 1.52 and a beta of 1.16.

Albany International (NYSE:AIN) last issued its quarterly earnings results 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 company 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 firm’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 EPS. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. Equities research analysts anticipate that Albany International will post 3.14 earnings per share for the current year.

Albany International Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AIN. Squarepoint Ops LLC bought a new stake in shares of Albany International during the second quarter valued at approximately $3,009,000. Roubaix Capital LLC bought a new position in Albany International in the first quarter worth approximately $3,525,000. Invenomic Capital Management LP grew its stake in Albany International by 19.2% in the fourth quarter. Invenomic Capital Management LP now owns 386,053 shares of the textile maker’s stock worth $19,573,000 after purchasing an additional 62,058 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Albany International during the 1st quarter worth $5,007,000. Finally, Gabelli Funds LLC increased its holdings in Albany International by 88.5% during the 1st quarter. Gabelli Funds LLC now owns 281,703 shares of the textile maker’s stock worth $14,708,000 after purchasing an additional 132,226 shares during the period. 97.37% of the stock is currently owned by institutional investors.

Albany International Company Profile

Albany International Corp. is a global developer and manufacturer of advanced engineered materials and process technologies. The company serves customers in the paper, aerospace and other industrial markets through two primary business segments: Machine Clothing and Albany Engineered Composites.

The Machine Clothing segment produces custom-designed fabrics, belts and related products used in paper manufacturing and other industrial processes. These products support applications such as forming, pressing and drying paper, helping manufacturers improve production efficiency and product quality.

Albany Engineered Composites develops and manufactures lightweight composite components and assemblies, primarily for the aerospace industry.