Albany International (NYSE:AIN) Rating Increased to Hold at Truist Financial

Truist Financial upgraded shares of Albany International (NYSE:AIN) to a hold rating in a report published on Thursday morning,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Albany International in a research note 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. Finally, Wall Street Zen raised shares of Albany International from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Four research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $61.50.

Albany International Stock Performance

AIN stock opened at $61.02 on Thursday. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of -29.91, a PEG ratio of 2.47 and a beta of 1.18. The firm has a 50-day simple moving average of $56.29 and a two-hundred day simple moving average of $54.38. Albany International has a one year low of $41.15 and a one year high of $73.00. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.88 and a current ratio of 2.20.

Albany International (NYSE:AIN) last announced its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.60 EPS for the quarter, beating the consensus estimate of $0.55 by $0.05. Albany International had a negative net margin of 4.93% and a positive return on equity of 9.44%. The firm had revenue of $311.33 million during the quarter, compared to analyst estimates of $281.00 million. During the same period last year, the firm posted $0.73 EPS. Albany International’s revenue was up 7.8% on a year-over-year basis. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. On average, equities analysts forecast that Albany International will post 2.91 EPS for the current fiscal year.

Albany International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Friday, June 5th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, June 5th. Albany International’s dividend payout ratio (DPR) is presently -54.90%.

Hedge Funds Weigh In On Albany International

Several institutional investors have recently bought and sold shares of AIN. Franklin Resources Inc. grew its position in shares of Albany International by 11,101.8% during the third quarter. Franklin Resources Inc. now owns 648,810 shares of the textile maker’s stock worth $32,324,000 after buying an additional 643,018 shares in the last quarter. Gamco Investors INC. ET AL grew its position in shares of Albany International by 199.8% during the first quarter. Gamco Investors INC. ET AL now owns 644,605 shares of the textile maker’s stock worth $33,655,000 after buying an additional 429,561 shares in the last quarter. Deprince Race & Zollo Inc. acquired a new position in shares of Albany International during the fourth quarter worth about $18,507,000. Invenomic Capital Management LP acquired a new position in shares of Albany International during the third quarter worth about $17,269,000. Finally, Millennium Management LLC grew its position in shares of Albany International by 1,078.5% during the third quarter. Millennium Management LLC now owns 313,830 shares of the textile maker’s stock worth $16,727,000 after buying an additional 287,200 shares in the last quarter. 97.37% of the stock is owned by institutional investors and hedge funds.

About Albany International

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.