Albany International (NYSE:AIN) Hits New 52-Week High – Here’s What Happened

Albany International Corporation (NYSE:AIN) shares reached a new 52-week high on Tuesday . The stock traded as high as $76.60 and last traded at $76.7290, with a volume of 29374 shares. The stock had previously closed at $75.06.

Analyst Upgrades and Downgrades

AIN has been the subject of a number of research reports. Wall Street Zen upgraded Albany International from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Truist Financial lifted 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. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Albany International in a research report on Wednesday, June 24th. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Albany International currently has an average rating of “Reduce” and a consensus target price of $62.33.

Albany International Trading Up 2.3%

The stock has a market cap of $2.18 billion, a price-to-earnings ratio of -37.65, a price-to-earnings-growth ratio of 3.18 and a beta of 1.17. The firm’s 50 day moving average is $68.96 and its two-hundred day moving average is $60.72. The company has a quick ratio of 1.88, a current ratio of 2.20 and a debt-to-equity ratio of 0.65.

Albany International (NYSE:AIN) last issued its earnings results on Thursday, April 30th. The textile maker reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. Albany International had a positive return on equity of 9.44% and a negative net margin of 4.93%.The company had revenue of $311.33 million during the quarter, compared to the consensus estimate of $281.00 million. During the same period in the previous year, the firm posted $0.73 earnings per share. Albany International’s quarterly revenue was up 7.8% compared to the same quarter last year. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. Equities analysts anticipate that Albany International Corporation will post 2.79 EPS for the current year.

Albany International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Friday, June 5th were issued a $0.28 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.12 annualized dividend and a dividend yield of 1.5%. Albany International’s dividend payout ratio (DPR) is -54.90%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its stake in Albany International by 7.5% in the first quarter. Royal Bank of Canada now owns 15,590 shares of the textile maker’s stock valued at $1,076,000 after buying an additional 1,085 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Albany International by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,569 shares of the textile maker’s stock worth $1,282,000 after acquiring an additional 807 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Albany International by 464.4% in the 1st quarter. Millennium Management LLC now owns 91,934 shares of the textile maker’s stock worth $6,347,000 after acquiring an additional 75,644 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Albany International by 6.4% in 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 acquiring an additional 3,559 shares during the period. Finally, Jane Street Group LLC bought a new stake in Albany International in the 1st quarter valued at about $7,468,000. 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.