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

Shares of Albany International Corporation (NYSE:AIN) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $77.00 and last traded at $76.71, with a volume of 2800 shares changing hands. The stock had previously closed at $74.69.

Analyst Ratings Changes

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

Albany International Stock Up 0.3%

The firm has a market cap of $2.17 billion, a P/E ratio of -37.43, a price-to-earnings-growth ratio of 3.25 and a beta of 1.17. The stock’s 50 day simple moving average is $70.60 and its 200 day simple moving average is $61.68. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.88 and a current ratio of 2.20.

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

Albany International Announces Dividend

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

Hedge Funds Weigh In On Albany International

Several large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its holdings in Albany International by 25.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,286 shares of the textile maker’s stock worth $96,000 after purchasing an additional 260 shares in the last quarter. Central Pacific Bank Trust Division lifted its holdings in shares of Albany International by 41.9% in the second quarter. Central Pacific Bank Trust Division now owns 11,053 shares of the textile maker’s stock valued at $823,000 after purchasing an additional 3,262 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Albany International by 18.2% in the first quarter. Bank of America Corp DE now owns 1,043,579 shares of the textile maker’s stock valued at $54,485,000 after purchasing an additional 160,370 shares in the last quarter. Quantinno Capital Management LP boosted its position in shares of Albany International by 123.3% during the first quarter. Quantinno Capital Management LP now owns 15,045 shares of the textile maker’s stock valued at $786,000 after buying an additional 8,308 shares during the last quarter. Finally, Entropy Technologies LP boosted its position in shares of Albany International by 53.1% during the first quarter. Entropy Technologies LP now owns 13,318 shares of the textile maker’s stock valued at $695,000 after buying an additional 4,619 shares during the last quarter. Institutional investors own 97.37% of the company’s stock.

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.