Albany International (NYSE:AIN) Trading Down 4.5% – Time to Sell?

Albany International Corporation (NYSE:AIN) shares were down 4.5% during mid-day trading on Monday . The company traded as low as $55.52 and last traded at $55.7350. Approximately 15,094 shares were traded during trading, a decline of 95% from the average daily volume of 275,023 shares. The stock had previously closed at $58.35.

Analysts Set New Price Targets

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

Albany International Trading Down 1.9%

The company has a current ratio of 2.24, a quick ratio of 1.89 and a debt-to-equity ratio of 0.60. The business has a 50 day simple moving average of $68.51 and a two-hundred day simple moving average of $62.65. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of -31.25, a price-to-earnings-growth ratio of 1.55 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, beating analysts’ consensus estimates 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 analyst estimates of $340.10 million. During the same period in the prior year, the company posted $0.31 EPS. Albany International’s quarterly revenue 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 analysts anticipate that Albany International Corporation will post 2.86 EPS for the current year.

Albany International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Tuesday, September 1st will be issued a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.12 annualized dividend and a yield of 2.1%. Albany International’s dividend payout ratio is currently -64.37%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AIN. Nykredit A S acquired a new stake in shares of Albany International in the 2nd quarter valued at about $31,000. 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. EverSource Wealth Advisors LLC grew its stake in Albany International by 227.3% in the second quarter. EverSource Wealth Advisors LLC now owns 540 shares of the textile maker’s stock worth $38,000 after purchasing an additional 375 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Albany International by 32.4% in the second quarter. Smartleaf Asset Management LLC now owns 711 shares of the textile maker’s stock worth $49,000 after purchasing an additional 174 shares in the last quarter. Finally, Osaic Holdings Inc. increased its holdings in Albany International by 42.3% in the second quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock valued at $64,000 after buying an additional 270 shares during the last quarter. 97.37% of the stock is owned by institutional investors and hedge funds.

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.