Albany International (NYSE:AIN) Stock Rating Upgraded by Wall Street Zen

Albany International (NYSE:AIN) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Sunday.

A number of other research firms also recently weighed in on AIN. Truist Financial raised their price target on shares of Albany International from $55.00 to $61.00 and gave the company a “hold” rating in a research note on Friday, June 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Albany International in a research report on Wednesday, June 24th. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $62.33.

Albany International Price Performance

Shares of Albany International stock traded down $0.36 during trading on Friday, reaching $72.52. 123,913 shares of the company’s stock were exchanged, compared to its average volume of 243,519. 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 has a 1-year low of $41.15 and a 1-year high of $76.56. The company has a market cap of $2.06 billion, a P/E ratio of -35.55, a PEG ratio of 3.10 and a beta of 1.17. The firm’s 50-day moving average price is $67.34 and its 200 day moving average price is $59.70.

Albany International (NYSE:AIN) last released its earnings results on Thursday, April 30th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The firm had revenue of $311.33 million for the quarter, compared to analysts’ expectations of $281.00 million. Albany International had a positive return on equity of 9.44% and a negative net margin of 4.93%.The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.73 earnings per share. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. As a group, research analysts anticipate that Albany International will post 2.79 earnings per share for the current year.

Hedge Funds Weigh In On Albany International

Several large investors have recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in shares of Albany International by 1.8% during the second quarter. Bank of America Corp DE now owns 1,457,609 shares of the textile maker’s stock worth $102,222,000 after purchasing an additional 25,283 shares during the last quarter. State Street Corp raised its holdings in Albany International by 1.1% in the 4th quarter. State Street Corp now owns 1,141,412 shares of the textile maker’s stock valued at $58,161,000 after buying an additional 12,684 shares during the last quarter. Sei Investments Co. raised its holdings in Albany International by 0.7% in the 3rd quarter. Sei Investments Co. now owns 802,840 shares of the textile maker’s stock valued at $42,791,000 after buying an additional 5,426 shares during the last quarter. Franklin Resources Inc. raised its holdings in Albany International by 11,101.8% in the 3rd quarter. Franklin Resources Inc. now owns 648,810 shares of the textile maker’s stock valued at $32,324,000 after buying an additional 643,018 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its position in Albany International by 199.8% during the 1st 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 during the period. 97.37% of the stock is currently owned by institutional investors.

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.