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

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

A number of other brokerages also recently commented on AIN. Weiss Ratings raised shares of Albany International from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, July 28th. Robert W. Baird increased their price target on shares of Albany International from $64.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Truist Financial raised their price target on shares of Albany International from $55.00 to $61.00 and gave the stock a “hold” rating in a 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $61.00.

Albany International Stock Down 0.2%

Shares of NYSE:AIN opened at $62.32 on Friday. The company has a quick ratio of 1.89, a current ratio of 2.24 and a debt-to-equity ratio of 0.60. The business has a fifty day moving average of $67.73 and a two-hundred day moving average of $62.72. The stock has a market cap of $1.77 billion, a P/E ratio of -35.82, a PEG ratio of 1.75 and a beta of 1.16. Albany International has a 52-week low of $41.15 and a 52-week high of $77.00.

Albany International (NYSE:AIN) last announced its quarterly earnings results on Tuesday, August 4th. The textile maker reported $0.82 earnings per share for the quarter, beating 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 firm had revenue of $329.48 million for the quarter, compared to analysts’ expectations of $340.10 million. During the same quarter in the previous year, the company posted $0.31 EPS. The company’s revenue 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 expect that Albany International will post 2.86 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its position 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 valued at $1,076,000 after acquiring an additional 1,085 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 acquiring an additional 807 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Albany International by 464.4% in the 1st quarter. Millennium Management LLC now owns 91,934 shares of the textile maker’s stock worth $6,347,000 after acquiring an additional 75,644 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Albany International by 6.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 59,199 shares of the textile maker’s stock worth $4,087,000 after acquiring an additional 3,559 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Albany International during the 1st quarter worth approximately $7,468,000. 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.