Albany International (NYSE:AIN) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Albany International (NYSE:AIN) had its target price increased by equities researchers at Robert W. Baird from $64.00 to $75.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the textile maker’s stock. Robert W. Baird’s price target suggests a potential upside of 27.10% from the company’s previous close.

A number of other equities research analysts also recently issued reports on AIN. Wall Street Zen downgraded shares of Albany International from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings upgraded shares of Albany International from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. 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 research report on Friday, June 12th. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Albany International has an average rating of “Reduce” and a consensus price target of $61.00.

Albany International Stock Up 8.6%

NYSE:AIN opened at $59.01 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.24 and a quick ratio of 1.89. Albany International has a one year low of $41.15 and a one year high of $77.00. The firm’s 50 day simple moving average is $68.25 and its 200 day simple moving average is $62.66. The company has a market cap of $1.68 billion, a PE ratio of -33.91, a P/E/G ratio of 1.52 and a beta of 1.16.

Albany International (NYSE:AIN) last posted its quarterly earnings data on Tuesday, August 4th. The textile maker reported $0.82 earnings per share for the quarter, topping 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 company had revenue of $329.48 million during the quarter, compared to analysts’ expectations of $340.10 million. During the same period in the prior year, the company posted $0.31 earnings per share. Albany International’s revenue for the quarter was up 5.8% compared to the same quarter last year. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. On average, research analysts anticipate that Albany International will post 2.86 earnings per share for the current year.

Hedge Funds Weigh In On Albany International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada boosted its holdings in shares of Albany International by 7.5% during the first quarter. Royal Bank of Canada now owns 15,590 shares of the textile maker’s stock worth $1,076,000 after purchasing an additional 1,085 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Albany International by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,569 shares of the textile maker’s stock worth $1,282,000 after purchasing an additional 807 shares in the last quarter. Millennium Management LLC boosted its position in Albany International by 464.4% in the first quarter. Millennium Management LLC now owns 91,934 shares of the textile maker’s stock valued at $6,347,000 after buying an additional 75,644 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Albany International by 6.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 59,199 shares of the textile maker’s stock valued at $4,087,000 after buying an additional 3,559 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in Albany International during the first quarter worth $7,468,000. Institutional investors and hedge funds own 97.37% of the company’s stock.

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.