Albany International (NYSE:AIN) Trading Up 8.4% – Still a Buy?

Albany International Corporation (NYSE:AIN) shares traded up 8.4% on Wednesday . The company traded as high as $58.17 and last traded at $58.9010. 37,397 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 275,855 shares. The stock had previously closed at $54.33.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AIN. Robert W. Baird lifted their price target on Albany International from $64.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday. Truist Financial raised their target price on Albany International from $55.00 to $61.00 and gave the company a “hold” rating in a report on Friday, June 12th. Weiss Ratings upgraded shares of Albany International from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. 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. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Albany International presently has a consensus rating of “Reduce” and a consensus target price of $61.00.

Albany International Price Performance

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 company’s fifty day simple moving average is $68.01 and its two-hundred day simple moving average is $62.69. The stock has a market capitalization of $1.77 billion, a PE ratio of -35.89, a P/E/G ratio of 1.65 and a beta of 1.16.

Albany International (NYSE:AIN) last announced its earnings results on Tuesday, August 4th. The textile maker reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. The company had revenue of $329.48 million during the quarter, compared to analysts’ expectations of $340.10 million. Albany International had a negative net margin of 4.18% and a positive return on equity of 10.76%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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 predict that Albany International Corporation will post 2.86 EPS for the current year.

Albany International Dividend Announcement

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 $0.28 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.12 dividend on an annualized basis and a yield of 1.8%. Albany International’s dividend payout ratio is presently -64.37%.

Hedge Funds Weigh In On Albany International

Hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System lifted its position in shares of Albany International by 8,677.8% in the second quarter. California State Teachers Retirement System now owns 2,383,255 shares of the textile maker’s stock valued at $177,552,000 after acquiring an additional 2,356,104 shares in the last quarter. Bank of America Corp DE raised its stake in Albany International by 1.8% in the 2nd quarter. Bank of America Corp DE now owns 1,457,609 shares of the textile maker’s stock valued at $102,222,000 after purchasing an additional 25,283 shares during the last quarter. State Street Corp lifted its holdings in Albany International by 1.1% in the 4th quarter. State Street Corp now owns 1,141,412 shares of the textile maker’s stock valued at $58,161,000 after purchasing an additional 12,684 shares in the last quarter. Sei Investments Co. lifted its holdings in Albany International by 0.7% in the 3rd quarter. Sei Investments Co. now owns 802,840 shares of the textile maker’s stock valued at $42,791,000 after purchasing an additional 5,426 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Albany International by 11,101.8% during the 3rd quarter. Franklin Resources Inc. now owns 648,810 shares of the textile maker’s stock worth $32,324,000 after purchasing an additional 643,018 shares during the last quarter. Hedge funds and other institutional investors own 97.37% of the company’s stock.

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.