Albany International (NYSE:AIN) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Albany International (NYSE:AIN) from a buy rating to a hold rating in a research note issued to investors on Saturday.

A number of other research analysts have also recently issued reports on AIN. Truist Financial lifted their price target on Albany International from $55.00 to $61.00 and gave the company a “hold” rating in a report on Friday, June 12th. 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. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $54.00.

Albany International Stock Down 1.6%

NYSE AIN opened at $63.84 on Friday. The stock’s 50 day simple moving average is $71.14 and its 200 day simple moving average is $62.56. Albany International has a one year low of $41.15 and a one year high of $77.00. The firm has a market cap of $1.81 billion, a PE ratio of -36.69, a price-to-earnings-growth ratio of 1.82 and a beta of 1.17. 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 (NYSE:AIN) last issued its quarterly earnings data on Tuesday, August 4th. The textile maker reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.08. The firm had revenue of $329.48 million during the quarter, compared to the consensus estimate of $340.10 million. Albany International had a positive return on equity of 10.76% and a negative net margin of 4.18%.The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. As a group, sell-side analysts forecast that Albany International will post 2.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Albany International

Large investors have recently made changes to their positions in the company. Connors Investor Services Inc. raised its holdings in Albany International by 83.3% during the 4th quarter. Connors Investor Services Inc. now owns 69,408 shares of the textile maker’s stock worth $3,519,000 after purchasing an additional 31,551 shares during the last quarter. Roubaix Capital LLC acquired a new position in Albany International during the 1st quarter valued at about $3,525,000. Gabelli Funds LLC boosted its stake in shares of Albany International by 88.5% in the 1st quarter. Gabelli Funds LLC now owns 281,703 shares of the textile maker’s stock valued at $14,708,000 after purchasing an additional 132,226 shares during the last quarter. Invenomic Capital Management LP boosted its stake in shares of Albany International by 19.2% in the 4th quarter. Invenomic Capital Management LP now owns 386,053 shares of the textile maker’s stock valued at $19,573,000 after purchasing an additional 62,058 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Albany International during the 1st quarter worth approximately $5,007,000. 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.