Albany International Corporation (NYSE:AIN) Given Consensus Recommendation of "Reduce" by Analysts

Key Points

• Analysts have a consensus “Reduce” rating on Albany International, with one sell rating and four holds. The average 12-month price target is $61, below the reported share price of $62.17.
• Albany International beat quarterly EPS estimates, reporting $0.82 versus $0.74 expected, while revenue of $329.48 million fell short of the $340.10 million consensus; revenue still rose 5.8% year over year.
• The company declared a quarterly dividend of $0.28 per share, equivalent to $1.12 annually and a 1.8% yield. Institutional investors collectively own approximately 97.4% of the stock.

Shares of Albany International Corporation (NYSE:AIN - Get Free Report) have received a consensus rating of "Reduce" from the five research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $61.00.

Several brokerages have weighed in on AIN. Truist Financial lifted their price target on shares of Albany International from $55.00 to $61.00 and gave the company a "hold" rating in a report on Friday, June 12th. Weiss Ratings raised shares of Albany International from a "sell (d)" rating to a "sell (d+)" rating in a research note on Tuesday, July 28th. Robert W. Baird raised their price objective on shares of Albany International from $64.00 to $75.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, Wall Street Zen cut shares of Albany International from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th.

Albany International Stock Performance

AIN stock traded up $3.40 during midday trading on Thursday, reaching $62.17. 24,578 shares of the company's stock traded hands, compared to its average volume of 276,699. The company has a current ratio of 2.24, a quick ratio of 1.89 and a debt-to-equity ratio of 0.60. Albany International has a 52-week low of $41.15 and a 52-week high of $77.00. The stock has a market cap of $1.77 billion, a P/E ratio of -36.09, a PEG ratio of 1.52 and a beta of 1.16. The stock's 50-day moving average is $68.25 and its 200 day moving average is $62.66.

Albany International (NYSE:AIN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The textile maker reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.08. The firm had revenue of $329.48 million during 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 company's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.31 EPS. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. As a group, analysts anticipate that Albany International will post 2.86 EPS for the current year.

Albany International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, September 1st. Albany International's dividend payout ratio (DPR) is presently -64.37%.

Hedge Funds Weigh In On Albany International

Several institutional investors have recently added to or reduced their stakes in AIN. Nykredit A S purchased a new stake in shares of Albany International during the 2nd quarter valued at about $31,000. EverSource Wealth Advisors LLC grew its position in Albany International by 227.3% in the second quarter. EverSource Wealth Advisors LLC now owns 540 shares of the textile maker's stock worth $38,000 after acquiring an additional 375 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Albany International by 32.4% during the second quarter. Smartleaf Asset Management LLC now owns 711 shares of the textile maker's stock worth $49,000 after acquiring an additional 174 shares during the last quarter. CWM LLC increased its stake in Albany International by 39.3% during the fourth quarter. CWM LLC now owns 712 shares of the textile maker's stock worth $36,000 after acquiring an additional 201 shares during the last quarter. Finally, Osaic Holdings Inc. raised its position in Albany International by 42.3% during the second quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker's stock valued at $64,000 after purchasing an additional 270 shares during the period. Hedge funds and other institutional investors own 97.37% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source