Albany International (NYSE:AIN) Stock Price Up 8.4% – Time to Buy?

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

Analyst Ratings Changes

A number of research firms recently commented on AIN. Truist Financial boosted their target price on Albany International from $55.00 to $61.00 and gave the stock a “hold” rating in a research report on Friday, June 12th. Weiss Ratings upgraded Albany International from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Finally, Wall Street Zen downgraded Albany International from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $54.00.

Albany International Trading Up 11.4%

The stock has a market cap of $1.72 billion, a P/E ratio of -34.83, a P/E/G ratio of 1.55 and a beta of 1.16. 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’s fifty day moving average is $68.51 and its 200 day moving average is $62.65.

Albany International (NYSE:AIN) last issued 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. Albany International had a positive return on equity of 10.76% and a negative net margin of 4.18%.The company had revenue of $329.48 million for the quarter, compared to analysts’ expectations of $340.10 million. During the same period in the previous year, the firm posted $0.31 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. As a group, equities research analysts predict that Albany International Corporation will post 2.86 earnings per share for the current fiscal 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 1.8%. Albany International’s payout ratio is currently -64.37%.

Institutional Trading of Albany International

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Nykredit A S bought a new stake in Albany International in the second quarter worth $31,000. EverSource Wealth Advisors LLC boosted its stake in shares of Albany International by 227.3% during the second quarter. EverSource Wealth Advisors LLC now owns 540 shares of the textile maker’s stock valued at $38,000 after purchasing an additional 375 shares during the period. Smartleaf Asset Management LLC grew its stake in Albany International by 32.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 711 shares of the textile maker’s stock worth $49,000 after acquiring an additional 174 shares in the last quarter. CWM LLC grew its stake in Albany International by 39.3% in the fourth quarter. CWM LLC now owns 712 shares of the textile maker’s stock worth $36,000 after purchasing an additional 201 shares in the last quarter. Finally, Osaic Holdings Inc. grew its position in shares of Albany International by 42.3% during the 2nd quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock worth $64,000 after buying an additional 270 shares in 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.