Albany International (NYSE:AIN) Price Target Raised to $67.00

Albany International (NYSE:AIN) had its price target upped by JPMorgan Chase & Co. from $61.00 to $67.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the textile maker’s stock.

Several other equities analysts have also recently commented on AIN. Weiss Ratings cut shares of Albany International from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, October 2nd. Robert W. Baird upped their price target on shares of Albany International from $64.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, September 3rd. Wall Street Zen lowered shares of Albany International from a “buy” rating to a “hold” rating in a research note on Saturday, October 3rd. Finally, Truist Financial increased their price objective 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. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $67.67.

Albany International Price Performance

Shares of AIN opened at $61.94 on Friday. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of -35.60, a price-to-earnings-growth ratio of 1.57 and a beta of 1.17. 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 has a one year low of $41.15 and a one year high of $77.00. The stock’s fifty day moving average is $60.75 and its 200-day moving average is $63.43.

Albany International (NYSE:AIN) last issued its quarterly earnings data 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 for 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 company’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 earnings per share. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. Equities analysts anticipate that Albany International will post 3.14 EPS for the current year.

Albany International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Tuesday, September 1st were given a dividend of $0.28 per share. The ex-dividend date was Tuesday, September 1st. This represents a $1.12 annualized dividend and a dividend yield of 1.8%. Albany International’s dividend payout ratio (DPR) is -64.37%.

Institutional Trading of Albany International

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Squarepoint Ops LLC acquired a new stake in shares of Albany International in the second quarter valued at $3,009,000. Roubaix Capital LLC bought a new position in Albany International during the first quarter valued at about $3,525,000. Invenomic Capital Management LP grew its holdings 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 acquiring an additional 62,058 shares during the period. Renaissance Technologies LLC acquired a new position in Albany International during the first quarter worth about $5,007,000. Finally, Gabelli Funds LLC grew its holdings in Albany International by 88.5% during the first quarter. Gabelli Funds LLC now owns 281,703 shares of the textile maker’s stock worth $14,708,000 after acquiring an additional 132,226 shares during the period. Institutional investors own 97.37% of the company’s stock.

Albany International Company Profile

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.