Wall Street Zen cut shares of Albany International (NYSE:AIN – Free Report) from a buy rating to a hold rating in a research report released on Saturday,Wall Street Zen reports.
Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings raised shares of Albany International from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. Truist Financial lifted their price target on shares of Albany International from $55.00 to $61.00 and gave the stock a “hold” rating in a report on Friday, June 12th. Finally, Robert W. Baird upped their price target on Albany International from $64.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, September 3rd. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Albany International has a consensus rating of “Reduce” and a consensus price target of $61.00.
View Our Latest Analysis on AIN
Albany International Price Performance
Albany International (NYSE:AIN – Get Free Report) last released 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. Albany International had a negative net margin of 4.18% and a positive return on equity of 10.76%. The business had revenue of $329.48 million during the quarter, compared to analyst estimates of $340.10 million. During the same period in the prior year, the firm posted $0.31 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. Research analysts anticipate that Albany International will post 3.14 earnings per share for the current fiscal year.
Albany International Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.28 per share. The ex-dividend date is Tuesday, September 1st. This represents a $1.12 annualized dividend and a dividend yield of 1.8%. Albany International’s dividend payout ratio is -64.37%.
Institutional Trading of Albany International
A number of institutional investors have recently bought and sold shares of AIN. Nykredit A S purchased a new position in shares of Albany International in the second quarter worth $31,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Albany International during the second quarter worth $35,000. Allworth Financial LP grew its holdings in shares of Albany International by 95.1% during the second quarter. Allworth Financial LP now owns 474 shares of the textile maker’s stock valued at $35,000 after buying an additional 231 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Albany International by 25.3% during the second quarter. GAMMA Investing LLC now owns 1,286 shares of the textile maker’s stock valued at $96,000 after buying an additional 260 shares during the last quarter. Finally, SkyView Investment Advisors LLC acquired a new position in shares of Albany International in the 2nd quarter valued at $168,000. 97.37% of the stock is currently owned by institutional investors and hedge funds.
Albany International Company Profile
Albany International Corp. (NYSE: AIN) develops and manufactures advanced engineered products and materials for industrial and aerospace applications. The company operates through two principal business segments: Machine Clothing and Albany Engineered Composites.
The Machine Clothing segment produces custom-designed fabrics, process belts and related products used in papermaking and other industrial production processes. Its products support the forming, pressing, drying and finishing stages of paper manufacturing, as well as selected applications in nonwoven materials and other process industries.
Albany Engineered Composites manufactures lightweight, high-performance composite components and structures for commercial aerospace, military and other demanding applications.
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