Albany International (NYSE:AIN) Upgraded by Wall Street Zen to “Buy” Rating

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

Other analysts have also issued research reports about the company. Weiss Ratings upgraded Albany International from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, July 28th. Robert W. Baird lifted their target price on Albany International from $64.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Truist Financial boosted their target price on Albany International from $55.00 to $61.00 and gave the stock a “hold” rating in a report on Friday, June 12th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Albany International presently has a consensus rating of “Reduce” and a consensus price target of $61.00.

Albany International Stock Down 0.4%

Albany International stock opened at $62.32 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 company’s 50-day moving average is $67.73 and its 200-day moving average is $62.69. The firm has a market capitalization of $1.77 billion, a PE ratio of -35.82, a P/E/G ratio of 1.75 and a beta of 1.16. Albany International has a fifty-two week low of $41.15 and a fifty-two week high of $77.00.

Albany International (NYSE:AIN) last issued its earnings results on Tuesday, August 4th. The textile maker reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.08. Albany International had a negative net margin of 4.18% and a positive return on equity of 10.76%. The business had revenue of $329.48 million during the quarter, compared to the consensus estimate of $340.10 million. During the same period last year, the business posted $0.31 EPS. Albany International’s revenue was up 5.8% on a year-over-year basis. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. Sell-side analysts anticipate that Albany International will post 2.86 earnings per share for the current year.

Albany International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Tuesday, September 1st will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.12 dividend on an annualized basis and a yield of 1.8%. Albany International’s dividend payout ratio is currently -64.37%.

Hedge Funds Weigh In On Albany International

Several hedge funds have recently bought and sold shares of AIN. Nykredit A S acquired a new position in shares of Albany International during the 2nd quarter worth $31,000. CWM LLC boosted its stake in Albany International by 39.3% in the fourth quarter. CWM LLC now owns 712 shares of the textile maker’s stock valued at $36,000 after buying an additional 201 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in 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 acquiring an additional 375 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Albany International by 32.4% during 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 in the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in shares of Albany International by 42.3% in the second quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock worth $64,000 after acquiring an additional 270 shares during the last quarter. 97.37% of the stock is owned by institutional investors.

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.