Albany International (NYSE:AIN) Shares Pass Above 200-Day Moving Average – Time to Sell?

Albany International Corporation (NYSE:AIN) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $53.98 and traded as high as $54.54. Albany International shares last traded at $54.0680, with a volume of 222,312 shares.

Analyst Upgrades and Downgrades

AIN has been the topic of several research analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Albany International in a report on Friday, March 27th. Zacks Research upgraded shares of Albany International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Truist Financial set a $55.00 price objective on shares of Albany International in a report on Friday, January 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Albany International from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Four investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $61.50.

Albany International Trading Up 0.0%

The company has a 50 day moving average of $55.94 and a 200-day moving average of $53.97. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of -25.88, a price-to-earnings-growth ratio of 2.09 and a beta of 1.18. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.83 and a current ratio of 2.10.

Albany International (NYSE:AIN) last released its earnings results on Tuesday, February 24th. The textile maker reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.01. The company had revenue of $321.21 million during the quarter, compared to the consensus estimate of $292.32 million. Albany International had a positive return on equity of 9.64% and a negative net margin of 4.85%.Albany International’s revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.58 EPS. Albany International has set its Q1 2026 guidance at 0.500-0.600 EPS. On average, research analysts anticipate that Albany International Corporation will post 3.23 earnings per share for the current year.

Albany International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 7th. Investors of record on Friday, March 20th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, March 20th. Albany International’s dividend payout ratio is presently -55.45%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its position in Albany International by 7.5% in the 1st quarter. Royal Bank of Canada now owns 15,590 shares of the textile maker’s stock valued at $1,076,000 after purchasing an additional 1,085 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Albany International by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,569 shares of the textile maker’s stock valued at $1,282,000 after purchasing an additional 807 shares in the last quarter. Millennium Management LLC lifted its position in shares of Albany International by 464.4% during the 1st quarter. Millennium Management LLC now owns 91,934 shares of the textile maker’s stock worth $6,347,000 after purchasing an additional 75,644 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Albany International by 6.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 59,199 shares of the textile maker’s stock worth $4,087,000 after purchasing an additional 3,559 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Albany International during the first quarter worth $7,468,000. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

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.