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

Albany International (NYSE:AIN) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other analysts have also weighed in on AIN. Truist Financial raised their target price on shares of Albany International from $55.00 to $61.00 and gave the company a “hold” rating in a research report on Friday, June 12th. Weiss Ratings upgraded shares of Albany International from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $54.00.

Albany International Stock Performance

NYSE:AIN opened at $64.75 on Friday. Albany International has a twelve month low of $41.15 and a twelve month high of $77.00. 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 stock’s 50-day simple moving average is $71.25 and its 200 day simple moving average is $62.50. The firm has a market capitalization of $1.84 billion, a PE ratio of -37.21, a price-to-earnings-growth ratio of 1.82 and a beta of 1.17.

Albany International (NYSE:AIN) last issued its earnings results on Tuesday, August 4th. The textile maker reported $0.82 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 firm had revenue of $329.48 million during the quarter, compared to the consensus estimate of $340.10 million. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The business’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. On average, analysts anticipate that Albany International will post 2.86 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AIN. CWM LLC boosted its position in Albany International by 39.3% during the 4th quarter. CWM LLC now owns 712 shares of the textile maker’s stock worth $36,000 after buying an additional 201 shares during the period. EverSource Wealth Advisors LLC increased its position in Albany International by 227.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 540 shares of the textile maker’s stock valued at $38,000 after acquiring an additional 375 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Albany International by 32.4% during the second quarter. Smartleaf Asset Management LLC now owns 711 shares of the textile maker’s stock valued at $49,000 after acquiring an additional 174 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Albany International by 42.3% during the second quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock worth $64,000 after purchasing an additional 270 shares during the period. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Albany International by 519.7% during the fourth quarter. Quadrant Capital Group LLC now owns 1,382 shares of the textile maker’s stock worth $70,000 after purchasing an additional 1,159 shares during the period. Institutional investors and hedge funds own 97.37% of the company’s stock.

Albany International Company Profile

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.