Albany International (NYSE:AIN) Stock Price Down 4.5% - Should You Sell?

Key Points

• Albany International shares fell 4.5% to about $55.74 in thin trading, with volume down 95% from the average session.
• Analysts maintain a cautious outlook: three rate the stock “Hold” and one rates it “Sell,” producing a consensus “Reduce” rating and a $54 target price.
• The company beat quarterly EPS estimates ($0.82 versus $0.74) and reported 5.8% year-over-year revenue growth, while declaring a $0.28 quarterly dividend, equivalent to a 2.0% yield.

Albany International Corporation (NYSE:AIN - Get Free Report)'s stock price fell 4.5% during trading on Monday . The company traded as low as $55.52 and last traded at $55.7350. 15,094 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 275,023 shares. The stock had previously closed at $58.35.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on AIN shares. Weiss Ratings upgraded Albany International from a "sell (d)" rating to a "sell (d+)" rating in a report on Tuesday, July 28th. Truist Financial upped their price objective on Albany International from $55.00 to $61.00 and gave the stock a "hold" rating in a report on Friday, June 12th. Finally, Wall Street Zen downgraded Albany International from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Albany International has an average rating of "Reduce" and a consensus target price of $54.00.

Albany International Stock Performance

The business's fifty day moving average price is $69.17 and its two-hundred day moving average price is $62.71. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.89 and a current ratio of 2.24. The stock has a market capitalization of $1.57 billion, a P/E ratio of -31.87, a P/E/G ratio of 1.63 and a beta of 1.17.

Albany International (NYSE:AIN - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The textile maker reported $0.82 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $329.48 million during the quarter, compared to the consensus estimate of $340.10 million. During the same quarter last year, the firm earned $0.31 EPS. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. As a group, sell-side analysts forecast that Albany International Corporation will post 2.86 earnings per share for the current year.

Albany International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.12 annualized dividend and a dividend yield of 2.0%. Albany International's payout ratio is currently -64.37%.

Institutional Trading of Albany International

Institutional investors have recently bought and sold shares of the stock. Connors Investor Services Inc. increased its stake 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 worth $3,519,000 after buying an additional 31,551 shares during the period. Roubaix Capital LLC purchased a new stake in Albany International in the 1st quarter valued at about $3,525,000. Invenomic Capital Management LP grew its stake in Albany International by 19.2% in the 4th quarter. Invenomic Capital Management LP now owns 386,053 shares of the textile maker's stock worth $19,573,000 after acquiring an additional 62,058 shares in the last quarter. Gabelli Funds LLC grew its stake in Albany International by 88.5% in the 1st quarter. Gabelli Funds LLC now owns 281,703 shares of the textile maker's stock worth $14,708,000 after acquiring an additional 132,226 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Albany International during the first quarter worth approximately $5,007,000. 97.37% of the stock is currently owned by institutional investors.

Albany International Company Profile

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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