Albany International (NYSE:AIN) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of Albany International (NYSE:AIN) from a buy rating to a hold rating in a research report released on Saturday.

Other analysts also recently issued research reports about the stock. Truist Financial lifted their target price on shares of Albany International from $55.00 to $61.00 and gave the company a “hold” rating in a report on Friday, June 12th. Weiss Ratings upgraded Albany International from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, July 28th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $54.00.

Albany International Trading Up 1.0%

Shares of AIN stock opened at $64.75 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.24 and a quick ratio of 1.89. The firm has a market cap of $1.84 billion, a PE ratio of -37.21, a price-to-earnings-growth ratio of 1.81 and a beta of 1.17. The company has a 50-day moving average of $71.25 and a two-hundred day moving average of $62.47. Albany International has a 1-year low of $41.15 and a 1-year high of $77.00.

Albany International (NYSE:AIN) last announced its quarterly earnings results on Tuesday, August 4th. The textile maker reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates 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 negative net margin of 4.18% and a positive return on equity of 10.76%. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the business earned $0.31 earnings per share. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. On average, analysts predict that Albany International will post 2.86 EPS for the current year.

Albany International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Friday, June 5th were paid a dividend of $0.28 per share. The ex-dividend date was Friday, June 5th. This represents a $1.12 dividend on an annualized basis and a yield of 1.7%. Albany International’s dividend payout ratio is -64.37%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AIN. EverSource Wealth Advisors LLC grew its holdings in shares of Albany International by 227.3% in the second 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 lifted its holdings in Albany International by 32.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 711 shares of the textile maker’s stock worth $49,000 after buying an additional 174 shares in the last quarter. CWM LLC boosted its position in Albany International by 39.3% in the 4th quarter. CWM LLC now owns 712 shares of the textile maker’s stock valued at $36,000 after buying an additional 201 shares during the period. Osaic Holdings Inc. boosted its position in Albany International by 42.3% in the 2nd quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock valued at $64,000 after buying an additional 270 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in shares of Albany International in the second quarter worth $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.