Albany International (NYSE:AIN) Hits New 1-Year High – Here’s What Happened

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

Analyst Upgrades and Downgrades

AIN has been the topic of several research analyst reports. Wall Street Zen raised Albany International from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Truist Financial increased their price objective on Albany International from $55.00 to $61.00 and gave the company a “hold” rating in a report on Friday, June 12th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Albany International in a research report on Wednesday, June 24th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $62.33.

Albany International Stock Down 2.2%

The firm has a market capitalization of $2.11 billion, a PE ratio of -36.38, a PEG ratio of 3.24 and a beta of 1.17. The business’s fifty day moving average price is $69.47 and its 200 day moving average price is $61.06. 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 posted its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.60 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $311.33 million during the quarter, compared to the consensus estimate of $281.00 million. During the same period in the prior year, the business earned $0.73 EPS. The firm’s 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. On average, equities research analysts forecast that Albany International Corporation will post 2.79 earnings per share for the current fiscal year.

Albany International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.5%. Albany International’s payout ratio is presently -54.90%.

Institutional Trading of Albany International

Several hedge funds and other institutional investors have recently made changes to their positions in AIN. CWM LLC raised its position 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 acquiring an additional 201 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Albany International by 227.3% in the 2nd 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 in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Albany International by 32.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 711 shares of the textile maker’s stock valued at $49,000 after purchasing an additional 174 shares in the last quarter. Osaic Holdings Inc. lifted its stake in shares of 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 purchasing an additional 270 shares during the period. Finally, Quadrant Capital Group LLC lifted its stake in shares of Albany International by 519.7% in the fourth quarter. Quadrant Capital Group LLC now owns 1,382 shares of the textile maker’s stock valued at $70,000 after purchasing an additional 1,159 shares during the period. 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.