Albany International Corporation (NYSE:AIN – Get Free Report) has earned an average recommendation of “Reduce” from the five brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $62.3333.
AIN has been the subject of a number of analyst reports. Truist Financial raised their price objective on shares of Albany International from $55.00 to $61.00 and gave the company a “hold” rating in a research note on Friday, June 12th. Weiss Ratings restated a “sell (d)” rating on shares of Albany International in a research note on Friday, March 27th. Wall Street Zen lowered shares of Albany International from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, Zacks Research upgraded shares of Albany International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 3rd.
Read Our Latest Report on Albany International
Albany International Stock Up 0.2%
Albany International (NYSE:AIN – Get Free Report) last issued its quarterly earnings results 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 company 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%. Albany International’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business earned $0.73 EPS. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. As a group, sell-side analysts anticipate that Albany International will post 2.79 earnings per share for the current fiscal year.
Albany International Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, June 5th. Albany International’s dividend payout ratio (DPR) is currently -54.90%.
Institutional Trading of Albany International
A number of institutional investors and hedge funds have recently bought and sold shares of AIN. Franklin Resources Inc. increased its stake in Albany International by 11,101.8% during the 3rd quarter. Franklin Resources Inc. now owns 648,810 shares of the textile maker’s stock valued at $32,324,000 after purchasing an additional 643,018 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of Albany International by 199.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 644,605 shares of the textile maker’s stock valued at $33,655,000 after acquiring an additional 429,561 shares during the last quarter. Deprince Race & Zollo Inc. purchased a new stake in shares of Albany International during the 4th quarter valued at about $18,507,000. Invenomic Capital Management LP purchased a new stake in shares of Albany International during the 3rd quarter valued at about $17,269,000. Finally, Millennium Management LLC boosted its holdings in shares of Albany International by 1,078.5% during the 3rd quarter. Millennium Management LLC now owns 313,830 shares of the textile maker’s stock valued at $16,727,000 after acquiring an additional 287,200 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors.
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.
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