Albany International (NYSE:AIN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Albany International (NYSE:AIN) from a hold rating to a buy rating in a research report released on Sunday morning,Wall Street Zen reports.

Other analysts have also issued research reports about the company. JPMorgan Chase & Co. raised their price target on Albany International from $61.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday, October 9th. Weiss Ratings downgraded shares of Albany International from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, October 2nd. Finally, Robert W. Baird upped their price objective on shares of Albany International from $64.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, September 3rd. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $67.67.

Albany International Stock Performance

Albany International stock opened at $60.91 on Friday. The company has a current ratio of 2.24, a quick ratio of 1.89 and a debt-to-equity ratio of 0.60. The firm has a 50-day moving average of $60.42 and a 200-day moving average of $63.55. The firm has a market cap of $1.73 billion, a P/E ratio of 21.85, a P/E/G ratio of 1.55 and a beta of 1.17. Albany International has a 1-year low of $41.15 and a 1-year high of $77.00.

Albany International (NYSE:AIN) last posted its earnings results on Tuesday, August 4th. The textile maker reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.08. Albany International had a positive return on equity of 10.76% and a negative net margin of 4.18%. The company had revenue of $329.48 million for the quarter, compared to analysts’ expectations of $340.10 million. During the same period last year, the firm earned $0.31 earnings per share. Albany International’s quarterly revenue was up 5.8% on a year-over-year basis. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. Sell-side analysts expect that Albany International will post 3.14 EPS for the current year.

Albany International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 7th. Shareholders of record on Tuesday, September 1st were issued a $0.28 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $1.12 annualized dividend and a yield of 1.8%. Albany International’s dividend payout ratio (DPR) is -64.37%.

Institutional Trading of Albany International

Large investors have recently bought and sold shares of the company. Allworth Financial LP grew its position in shares of Albany International by 95.1% in the 2nd quarter. Allworth Financial LP now owns 474 shares of the textile maker’s stock worth $35,000 after buying an additional 231 shares during the period. GAMMA Investing LLC lifted its position in Albany International by 25.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,286 shares of the textile maker’s stock valued at $96,000 after acquiring an additional 260 shares during the period. Cim Investment Management Inc. lifted its position in Albany International by 7.4% during the 2nd quarter. Cim Investment Management Inc. now owns 5,780 shares of the textile maker’s stock valued at $431,000 after acquiring an additional 399 shares during the period. Nykredit A S purchased a new position in Albany International during the 2nd quarter valued at about $31,000. Finally, Integrated Wealth Concepts LLC bought a new stake in Albany International during the second quarter worth about $35,000. 97.37% of the stock is owned by institutional investors.

About Albany International

Albany International Corp. (NYSE: AIN) develops and manufactures advanced engineered products and materials for industrial and aerospace applications. The company operates through two principal business segments: Machine Clothing and Albany Engineered Composites.

The Machine Clothing segment produces custom-designed fabrics, process belts and related products used in papermaking and other industrial production processes. Its products support the forming, pressing, drying and finishing stages of paper manufacturing, as well as selected applications in nonwoven materials and other process industries.

Albany Engineered Composites manufactures lightweight, high-performance composite components and structures for commercial aerospace, military and other demanding applications.