Albany International (NYSE:AIN) Rating Lowered to Hold at Wall Street Zen

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

Several other brokerages also recently issued reports on AIN. Robert W. Baird upped their price objective on shares of Albany International from $64.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, September 3rd. 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. Finally, Truist Financial boosted 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. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Albany International has an average rating of “Reduce” and an average price target of $61.00.

Albany International Trading Down 0.0%

Shares of AIN stock opened at $60.85 on Friday. The firm has a 50-day moving average price of $62.27 and a 200 day moving average price of $63.14. Albany International has a twelve month low of $41.15 and a twelve month high of $77.00. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of -34.97, a PEG ratio of 1.55 and a beta of 1.17. The company has a current ratio of 2.24, a quick ratio of 1.89 and a debt-to-equity ratio of 0.60.

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

Hedge Funds Weigh In On Albany International

A number of large investors have recently modified their holdings of the company. Cim Investment Management Inc. lifted its stake in shares of Albany International by 7.4% in the 2nd quarter. Cim Investment Management Inc. now owns 5,780 shares of the textile maker’s stock valued at $431,000 after purchasing an additional 399 shares in the last quarter. QRG Capital Management Inc. raised its holdings in Albany International by 15.7% in the second quarter. QRG Capital Management Inc. now owns 4,445 shares of the textile maker’s stock valued at $331,000 after buying an additional 604 shares during the period. SkyView Investment Advisors LLC purchased a new position in Albany International in the second quarter valued at approximately $168,000. Sequoia Financial Advisors LLC acquired a new position in Albany International during the second quarter valued at approximately $205,000. Finally, Tidal Investments LLC purchased a new stake in Albany International during the second quarter worth approximately $304,000. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Albany International Company Profile

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.