Albany International (NYSE:AIN) Downgraded to Hold Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Albany International from “buy” to “hold.” Other analysts remain cautious, with an overall “Reduce” consensus rating and an average price target of $54.
• Albany International’s latest quarterly results were mixed: adjusted EPS of $0.82 exceeded estimates of $0.74, while revenue of $329.48 million fell short of the $340.10 million consensus but rose 5.8% year over year.
• The stock opened at $64.75, below its 50-day moving average of $71.25 but above its 200-day average of $62.47. Institutional investors own a substantial 97.37% of outstanding shares.

Albany International (NYSE:AIN - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.

Other equities research analysts have also recently issued research reports about the company. Truist Financial raised their price objective on Albany International from $55.00 to $61.00 and gave the company a "hold" rating in a research note on Friday, June 12th. Weiss Ratings raised Albany International from a "sell (d)" rating to a "sell (d+)" rating in a research report on Tuesday, July 28th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $54.00.

Albany International Price Performance

Shares of NYSE AIN opened at $64.75 on Friday. The firm has a market capitalization of $1.84 billion, a P/E ratio of -37.21, a P/E/G ratio of 1.79 and a beta of 1.17. The firm's 50-day moving average price is $71.25 and its 200-day moving average price is $62.47. 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 has a 1-year low of $41.15 and a 1-year high of $77.00.

Albany International (NYSE:AIN - Get Free Report) last issued its earnings results on Tuesday, August 4th. The textile maker reported $0.82 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $340.10 million. During the same period last year, the business posted $0.31 EPS. The firm's revenue for the quarter 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. Equities research analysts anticipate that Albany International will post 2.87 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Albany International

A number of institutional investors and hedge funds have recently made changes to their positions in AIN. Royal Bank of Canada boosted its stake in Albany International by 7.5% during the 1st quarter. Royal Bank of Canada now owns 15,590 shares of the textile maker's stock valued at $1,076,000 after purchasing an additional 1,085 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Albany International by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,569 shares of the textile maker's stock worth $1,282,000 after purchasing an additional 807 shares during the last quarter. Millennium Management LLC raised its stake in shares of Albany International by 464.4% in the first quarter. Millennium Management LLC now owns 91,934 shares of the textile maker's stock worth $6,347,000 after purchasing an additional 75,644 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Albany International by 6.4% in the first 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 purchasing an additional 3,559 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Albany International in the first quarter valued at 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.

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