Truist Financial Issues Positive Forecast for Albany International (NYSE:AIN) Stock Price

Albany International (NYSE:AIN) had its price target boosted by equities researchers at Truist Financial from $55.00 to $61.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “hold” rating on the textile maker’s stock. Truist Financial’s price objective would indicate a potential downside of 15.65% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Zacks Research upgraded shares of Albany International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of Albany International in a research note on Friday, March 27th. Finally, Wall Street Zen raised shares of Albany International from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Albany International currently has a consensus rating of “Reduce” and a consensus target price of $62.33.

Albany International Trading Up 1.9%

Shares of Albany International stock traded up $1.37 during trading hours on Friday, reaching $72.32. The stock had a trading volume of 12,534 shares, compared to its average volume of 276,037. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of -35.45, a P/E/G ratio of 2.77 and a beta of 1.20. Albany International has a 1 year low of $41.15 and a 1 year high of $73.00. The company has a current ratio of 2.20, a quick ratio of 1.88 and a debt-to-equity ratio of 0.65. The firm has a 50 day simple moving average of $60.29 and a two-hundred day simple moving average of $56.30.

Albany International (NYSE:AIN) last posted its earnings results on Thursday, April 30th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $281.00 million. During the same quarter in the prior year, the company earned $0.73 EPS. The company’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. As a group, equities research analysts anticipate that Albany International will post 2.91 earnings per share for the current year.

Institutional Trading of Albany International

Large investors have recently bought and sold shares of the company. First Eagle Investment Management LLC acquired a new position in shares of Albany International during the third quarter worth $3,145,000. Deprince Race & Zollo Inc. acquired a new stake in Albany International during the 4th quarter valued at $18,507,000. William Blair Investment Management LLC grew its holdings in Albany International by 24.8% during the 3rd quarter. William Blair Investment Management LLC now owns 876,455 shares of the textile maker’s stock valued at $46,715,000 after purchasing an additional 174,023 shares in the last quarter. Invenomic Capital Management LP purchased a new stake in Albany International during the 3rd quarter worth $17,269,000. Finally, Numerai GP LLC acquired a new position in Albany International in the 3rd quarter worth $2,658,000. Institutional investors and hedge funds own 97.37% of the company’s stock.

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.