Albany International (NYSE:AIN) Share Price Passes Above 200-Day Moving Average – What’s Next?

Albany International Corporation (NYSE:AIN)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $53.98 and traded as high as $54.54. Albany International shares last traded at $54.0680, with a volume of 222,312 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AIN. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Albany International in a research report on Friday, March 27th. Zacks Research raised shares of Albany International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. Truist Financial set a $55.00 price objective on shares of Albany International in a report on Friday, January 9th. Finally, JPMorgan Chase & Co. lifted their price objective on Albany International from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Four equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $61.50.

Albany International Trading Up 3.6%

The stock’s fifty day moving average price is $56.06 and its 200 day moving average price is $53.98. The stock has a market cap of $1.53 billion, a P/E ratio of -26.77, a PEG ratio of 2.02 and a beta of 1.18. The company has a current ratio of 2.10, a quick ratio of 1.83 and a debt-to-equity ratio of 0.62.

Albany International (NYSE:AIN) last issued its quarterly earnings results on Tuesday, February 24th. The textile maker reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.01. Albany International had a negative net margin of 4.85% and a positive return on equity of 9.64%. The company had revenue of $321.21 million during the quarter, compared to analyst estimates of $292.32 million. During the same period last year, the business earned $0.58 EPS. Albany International’s quarterly revenue was up 12.0% compared to the same quarter last year. Albany International has set its Q1 2026 guidance at 0.500-0.600 EPS. Equities research analysts expect that Albany International Corporation will post 3.23 earnings per share for the current year.

Albany International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 7th. Stockholders of record on Friday, March 20th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, March 20th. Albany International’s dividend payout ratio (DPR) is presently -55.45%.

Institutional Trading of Albany International

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its stake in Albany International by 227.3% during the second quarter. EverSource Wealth Advisors LLC now owns 540 shares of the textile maker’s stock valued at $38,000 after buying an additional 375 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of 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 acquiring an additional 174 shares during the last quarter. CWM LLC increased its holdings in shares of Albany International by 39.3% during the fourth quarter. CWM LLC now owns 712 shares of the textile maker’s stock valued at $36,000 after acquiring an additional 201 shares in the last quarter. Osaic Holdings Inc. raised its position in shares of Albany International by 42.3% in the 2nd quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock worth $64,000 after purchasing an additional 270 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new position in shares of Albany International in the 2nd quarter worth about $77,000. 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.