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Albany International Corp (NYSE:AIN)’s stock reached a 52-week low, hitting a price of 57.47 USD. According to InvestingPro analysis, the company maintains strong fundamentals with a current ratio of 3.7x and has consistently paid dividends for 25 consecutive years. This milestone reflects a significant downturn for the company, as its stock has experienced a notable decline over the past year. The 1-year change data reveals a decrease of 26.68%, underscoring the challenges Albany International Corp has faced in the market. Despite the decline, the company remains profitable with a gross margin of 32.4% and appears undervalued based on InvestingPro’s Fair Value analysis. This 52-week low marks a critical point for the company, as investors and analysts closely monitor its performance and potential recovery strategies moving forward. Discover more insights and 6 additional ProTips with a subscription to InvestingPro.
In other recent news, Albany International Corporation reported its first-quarter 2025 earnings, with an adjusted diluted EPS of $0.73, slightly exceeding the consensus forecast of $0.72. Despite this, the company experienced a revenue shortfall, posting $289 million compared to the expected $300.67 million. Baird recently downgraded Albany International’s stock from Outperform to Neutral, citing concerns over the Aerospace Engineered Composites margin outlook. The firm maintains its price target of $79.00, highlighting the need for a significant ramp-up in the second half of 2025. Additionally, Albany International announced the appointment of Willard Station as Executive Vice President and Chief Financial Officer, effective September 1, 2025. This follows the resignation of former CFO Robert Starr, who left the company to pursue other opportunities. Sean Valashinas has also been appointed as Vice President – Controller and Principal Accounting Officer, bringing over three decades of accounting experience to the company. These developments reflect Albany International’s ongoing efforts to strengthen its leadership team amidst financial challenges.
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