Albany International (NYSE:AIN) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Albany International (NYSE:AIN) from a strong sell rating to a hold rating in a research note published on Tuesday morning,Zacks.com reports.

A number of other equities research analysts also recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Albany International from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Truist Financial set a $55.00 price objective on shares of Albany International in a research report on Friday, January 9th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Albany International in a report on Monday, December 29th. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $61.50.

Albany International Price Performance

Albany International stock traded down $0.02 during mid-day trading on Tuesday, reaching $58.94. 158,968 shares of the company’s stock traded hands, compared to its average volume of 312,274. Albany International has a 12-month low of $41.15 and a 12-month high of $75.16. The company has a quick ratio of 1.83, a current ratio of 2.10 and a debt-to-equity ratio of 0.62. The stock has a 50 day moving average of $56.51 and a two-hundred day moving average of $55.19. The company has a market cap of $1.69 billion, a price-to-earnings ratio of -29.18, a PEG ratio of 2.27 and a beta of 1.18.

Albany International (NYSE:AIN) last posted its earnings results on Tuesday, February 24th. The textile maker reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. Albany International had a negative net margin of 4.85% and a positive return on equity of 9.64%. The firm had revenue of $321.21 million for the quarter, compared to the consensus estimate of $292.32 million. During the same period in the previous year, the firm posted $0.58 EPS. The business’s quarterly revenue was up 12.0% on a year-over-year basis. Albany International has set its Q1 2026 guidance at 0.500-0.600 EPS. Equities analysts forecast that Albany International will post 3.23 earnings per share for the current year.

Albany International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 7th. Stockholders of record on Friday, March 20th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, March 20th. Albany International’s payout ratio is currently -55.45%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. CWM LLC raised its holdings in shares of Albany International by 39.3% in the fourth quarter. CWM LLC now owns 712 shares of the textile maker’s stock valued at $36,000 after acquiring an additional 201 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Albany International by 227.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 540 shares of the textile maker’s stock worth $38,000 after acquiring an additional 375 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Albany International by 32.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 711 shares of the textile maker’s stock valued at $49,000 after purchasing an additional 174 shares during the period. Osaic Holdings Inc. raised its holdings in shares of Albany International by 42.3% in the 2nd quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock valued at $64,000 after purchasing an additional 270 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Albany International in the 3rd quarter valued at about $66,000. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

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.