Albany International (NYSE:AIN) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Albany International (NYSE:AIN) from a hold rating to a buy rating in a report published on Saturday.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. boosted their price objective on shares of Albany International from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of Albany International in a research report on Friday, March 27th. Finally, Zacks Research upgraded shares of Albany International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $61.50.

Albany International Price Performance

Albany International stock opened at $60.54 on Friday. The company has a market cap of $1.72 billion, a price-to-earnings ratio of -29.68, a PEG ratio of 2.48 and a beta of 1.18. The firm’s fifty day moving average is $56.06 and its 200 day moving average is $54.33. The company has a quick ratio of 1.88, a current ratio of 2.20 and a debt-to-equity ratio of 0.65. Albany International has a 52-week low of $41.15 and a 52-week high of $73.00.

Albany International (NYSE:AIN) last released its quarterly 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 company had revenue of $311.33 million for the quarter, compared to the consensus estimate of $281.00 million. Albany International had a negative net margin of 4.93% and a positive return on equity of 9.44%. Albany International’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 earnings per share. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. Sell-side analysts forecast that Albany International will post 2.91 EPS for the current fiscal year.

Albany International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 7th. Shareholders of record on Friday, March 20th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, March 20th. Albany International’s dividend payout ratio is presently -54.90%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. grew its holdings in Albany International by 0.7% during the 3rd quarter. American Century Companies Inc. now owns 1,709,230 shares of the textile maker’s stock worth $91,102,000 after acquiring an additional 11,265 shares in the last quarter. Bank of America Corp DE grew its holdings in Albany International by 1.8% during the 2nd quarter. Bank of America Corp DE now owns 1,457,609 shares of the textile maker’s stock worth $102,222,000 after acquiring an additional 25,283 shares in the last quarter. State Street Corp grew its holdings in Albany International by 1.1% during the 4th quarter. State Street Corp now owns 1,141,412 shares of the textile maker’s stock worth $58,161,000 after acquiring an additional 12,684 shares in the last quarter. 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 worth $46,715,000 after acquiring an additional 174,023 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in Albany International by 0.7% during the 3rd quarter. Sei Investments Co. now owns 802,840 shares of the textile maker’s stock worth $42,791,000 after acquiring an additional 5,426 shares in the last quarter. 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.