Shares of Albany International Corporation (NYSE:AIN – Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $75.12, but opened at $70.25. Albany International shares last traded at $65.3390, with a volume of 37,960 shares traded.
Analyst Upgrades and Downgrades
AIN has been the topic of a number of research reports. Weiss Ratings upgraded Albany International from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. Wall Street Zen raised shares of Albany International from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Finally, Truist Financial increased their target price on Albany International from $55.00 to $61.00 and gave the company a “hold” rating in a report on Friday, June 12th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $54.00.
Check Out Our Latest Research Report on AIN
Albany International Price Performance
Albany International (NYSE:AIN – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The textile maker reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.08. 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 5.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 EPS. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. On average, equities analysts anticipate that Albany International Corporation will post 2.79 EPS for the current year.
Albany International Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Friday, June 5th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, June 5th. Albany International’s payout ratio is currently -54.90%.
Institutional Investors Weigh In On Albany International
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC lifted its holdings in Albany International by 32.4% in the second quarter. Smartleaf Asset Management LLC now owns 711 shares of the textile maker’s stock valued at $49,000 after acquiring an additional 174 shares during the period. California State Teachers Retirement System lifted its position in Albany International by 0.6% during the second quarter. California State Teachers Retirement System now owns 28,783 shares of the textile maker’s stock valued at $2,019,000 after purchasing an additional 179 shares in the last quarter. CWM LLC increased 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 buying an additional 201 shares in the last quarter. GAMMA Investing LLC grew its stake 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 acquiring an additional 260 shares during the period. Finally, Osaic Holdings Inc. raised its stake in Albany International by 42.3% during the 2nd quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock worth $64,000 after acquiring an additional 270 shares during the period. Hedge funds and other institutional investors own 97.37% of the company’s stock.
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.
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