Albany International Corporation (NYSE:AIN) Receives Average Recommendation of "Reduce" from Brokerages

Key Points

• Albany International has a consensus “Reduce” rating from five covering brokerages, with one sell and four hold recommendations. The average 12-month price target is $61.00, roughly in line with the stock’s reported $61.15 price.
• Institutional investors remain heavily involved, owning 97.37% of outstanding shares; several firms increased their positions during the second quarter.
• The company exceeded quarterly EPS expectations, reporting $0.82 versus the $0.74 consensus, while revenue rose 5.8% year over year but fell short of estimates. Albany International also announced a quarterly dividend of $0.28 per share, representing a 1.8% annualized yield.

Albany International Corporation (NYSE:AIN - Get Free Report) has earned a consensus recommendation of "Reduce" from the five ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $61.00.

A number of analysts recently issued reports on AIN shares. Robert W. Baird raised their price objective on shares of Albany International from $64.00 to $75.00 and gave the stock a "neutral" rating in a report on Thursday, September 3rd. Wall Street Zen upgraded shares of Albany International from a "hold" rating to a "buy" rating in a research note on Saturday, September 5th. Truist Financial raised their price target on shares of Albany International from $55.00 to $61.00 and gave the stock a "hold" rating in a research note on Friday, June 12th. Finally, Weiss Ratings raised shares of Albany International from a "sell (d)" rating to a "sell (d+)" rating in a report on Tuesday, July 28th.

Institutional Investors Weigh In On Albany International

Several institutional investors have recently added to or reduced their stakes in the business. QRG Capital Management Inc. increased its stake in shares of Albany International by 15.7% in the second quarter. QRG Capital Management Inc. now owns 4,445 shares of the textile maker's stock worth $331,000 after purchasing an additional 604 shares in the last quarter. SkyView Investment Advisors LLC purchased a new stake in shares of Albany International during the 2nd quarter valued at approximately $168,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Albany International during the 2nd quarter valued at approximately $205,000. Tidal Investments LLC bought a new position in Albany International in the 2nd quarter worth approximately $304,000. Finally, Engineers Gate Manager LP boosted its holdings in Albany International by 62.0% in the 2nd quarter. Engineers Gate Manager LP now owns 13,780 shares of the textile maker's stock worth $1,027,000 after buying an additional 5,274 shares during the period. 97.37% of the stock is owned by hedge funds and other institutional investors.

Albany International Stock Performance

Shares of AIN opened at $61.15 on Monday. The stock has a 50 day moving average of $63.78 and a 200 day moving average of $62.97. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of -35.14, a PEG ratio of 1.55 and a beta of 1.16. Albany International has a 12 month low of $41.15 and a 12 month high of $77.00. 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 (NYSE:AIN - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $329.48 million for the quarter, compared to analysts' expectations of $340.10 million. Albany International had a positive return on equity of 10.76% and a negative net margin of 4.18%.The business's revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.31 earnings per share. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. As a group, sell-side analysts forecast that Albany International will post 3.14 earnings per share for the current year.

Albany International Dividend Announcement

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

About Albany International

Albany International Corp. is a global developer and manufacturer of advanced engineered materials and process technologies. The company serves customers in the paper, aerospace and other industrial markets through two primary business segments: Machine Clothing and Albany Engineered Composites.

The Machine Clothing segment produces custom-designed fabrics, belts and related products used in paper manufacturing and other industrial processes. These products support applications such as forming, pressing and drying paper, helping manufacturers improve production efficiency and product quality.

Albany Engineered Composites develops and manufactures lightweight composite components and assemblies, primarily for the aerospace industry.

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