Albany International (NYSE:AIN) Cut to Hold at Wall Street Zen

by · The Markets Daily

Wall Street Zen cut shares of Albany International (NYSE:AIN – Free Report) from a buy rating to a hold rating in a report issued on Saturday,Wall Street Zen reports.

Several other equities research analysts have also weighed in on AIN. Weiss Ratings raised Albany International from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, July 28th. Robert W. Baird upped their target price on Albany International from $64.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, September 3rd. Finally, Truist Financial increased their price target on Albany International from $55.00 to $61.00 and gave the company a “hold” rating in a research report on Friday, June 12th. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $61.00.

View Our Latest Stock Report on Albany International

Albany International Stock Down 2.5%

Shares of AIN stock opened at $59.38 on Friday. Albany International has a 1 year low of $41.15 and a 1 year high of $77.00. The stock has a market cap of $1.69 billion, a PE ratio of -34.13, a price-to-earnings-growth ratio of 1.55 and a beta of 1.17. The business’s fifty day moving average is $61.93 and its 200-day moving average is $63.18. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.89 and a current ratio of 2.24.

Albany International (NYSE:AIN – Get Free Report) last announced its earnings results on Tuesday, August 4th. The textile maker reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08. The business had revenue of $329.48 million during the quarter, compared to analysts’ expectations of $340.10 million. Albany International had a positive return on equity of 10.76% and a negative net margin of 4.18%.The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the business posted $0.31 earnings per share. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. Equities analysts expect that Albany International will post 3.14 earnings per share for the current fiscal year.

Albany International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Tuesday, September 1st will be issued a $0.28 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.9%. Albany International’s dividend payout ratio is currently -64.37%.

Institutional Trading of Albany International

Institutional investors have recently bought and sold shares of the company. Bank of America Corp DE grew its stake in shares of Albany International by 18.2% in the 1st quarter. Bank of America Corp DE now owns 1,043,579 shares of the textile maker’s stock valued at $54,485,000 after buying an additional 160,370 shares in the last quarter. Sei Investments Co. lifted its stake in shares of Albany International by 1.4% in the 1st quarter. Sei Investments Co. now owns 786,470 shares of the textile maker’s stock valued at $41,062,000 after purchasing an additional 10,878 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in Albany International by 199.8% in the first quarter. Gamco Investors INC. ET AL now owns 644,605 shares of the textile maker’s stock worth $33,655,000 after purchasing an additional 429,561 shares in the last quarter. Deprince Race & Zollo Inc. increased its position in Albany International by 20.3% during the first quarter. Deprince Race & Zollo Inc. now owns 439,053 shares of the textile maker’s stock worth $22,923,000 after buying an additional 74,028 shares during the last quarter. Finally, Invenomic Capital Management LP increased its position in Albany International by 19.2% during the fourth quarter. Invenomic Capital Management LP now owns 386,053 shares of the textile maker’s stock worth $19,573,000 after buying an additional 62,058 shares during the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

Albany International Company Profile

(Get Free Report)

Albany International Corp. (NYSE: AIN) develops and manufactures advanced engineered products and materials for industrial and aerospace applications. The company operates through two principal business segments: Machine Clothing and Albany Engineered Composites.

The Machine Clothing segment produces custom-designed fabrics, process belts and related products used in papermaking and other industrial production processes. Its products support the forming, pressing, drying and finishing stages of paper manufacturing, as well as selected applications in nonwoven materials and other process industries.

Albany Engineered Composites manufactures lightweight, high-performance composite components and structures for commercial aerospace, military and other demanding applications.

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