Albany International Corporation (NYSE:AIN) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Albany International Corporation (NYSE:AINGet Free Report) have earned an average rating of “Reduce” from the five analysts that are covering the firm, Marketbeat 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 analysts that have issued ratings on the stock in the last year is $62.3333.

Several analysts have issued reports on the company. Weiss Ratings restated a “sell (d)” rating on shares of Albany International in a report on Wednesday, June 24th. Wall Street Zen upgraded Albany International from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Truist Financial boosted their price target on shares of Albany International from $55.00 to $61.00 and gave the company a “hold” rating in a research report on Friday, June 12th.

Read Our Latest Stock Analysis on AIN

Institutional Investors Weigh In On Albany International

A number of institutional investors have recently made changes to their positions in AIN. Deprince Race & Zollo Inc. acquired a new position in shares of Albany International in the 4th quarter worth approximately $18,507,000. Connors Investor Services Inc. increased its holdings in Albany International by 83.3% in the 4th quarter. Connors Investor Services Inc. now owns 69,408 shares of the textile maker’s stock valued at $3,519,000 after purchasing an additional 31,551 shares during the last quarter. Numerai GP LLC purchased a new stake in Albany International in the third quarter valued at approximately $2,658,000. Invenomic Capital Management LP purchased a new stake in Albany International in the third quarter valued at approximately $17,269,000. Finally, SG Americas Securities LLC raised its position in Albany International by 287.0% in the fourth quarter. SG Americas Securities LLC now owns 31,692 shares of the textile maker’s stock valued at $1,607,000 after purchasing an additional 23,502 shares during the period. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Albany International Stock Down 0.1%

Shares of NYSE AIN opened at $72.52 on Monday. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of -35.55, a price-to-earnings-growth ratio of 3.10 and a beta of 1.17. The company’s 50-day simple moving average is $67.34 and its 200-day simple moving average is $59.76. The company has a quick ratio of 1.88, a current ratio of 2.20 and a debt-to-equity ratio of 0.65. Albany International has a 52-week low of $41.15 and a 52-week high of $76.56.

Albany International (NYSE:AINGet 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 analysts’ consensus estimates of $0.55 by $0.05. Albany International had a positive return on equity of 9.44% and a negative net margin of 4.93%.The firm had revenue of $311.33 million for the quarter, compared to analyst estimates of $281.00 million. During the same period in the previous year, the company posted $0.73 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. Equities analysts predict that Albany International will post 2.79 EPS for the current fiscal year.

Albany International Dividend Announcement

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

Albany International Company Profile

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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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Analyst Recommendations for Albany International (NYSE:AIN)

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