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

Key Points

• Wall Street Zen downgraded Albany International from “buy” to “hold.” MarketBeat reports a consensus “Reduce” rating, with four analysts at “Hold” and one at “Sell,” and an average price target of $61.
• Albany International shares opened at $60.85, within a 52-week range of $41.15 to $77.00. The company has a market capitalization of approximately $1.73 billion.
• The company exceeded quarterly EPS expectations, reporting $0.82 versus the $0.74 consensus, although revenue of $329.48 million fell short of estimates. Institutional investors and hedge funds own 97.37% of the stock.

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 to investors on Saturday, Wall Street Zen reports.

AIN has been the topic of several other reports. Robert W. Baird lifted their target price on shares of Albany International from $64.00 to $75.00 and gave the company a "neutral" rating in a research report on Thursday, September 3rd. Truist Financial upped 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. Finally, Weiss Ratings raised Albany International from a "sell (d)" rating to a "sell (d+)" rating in a report on Tuesday, July 28th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Reduce" and a consensus price target of $61.00.

Albany International Price Performance

NYSE AIN opened at $60.85 on Friday. Albany International has a fifty-two week low of $41.15 and a fifty-two week high of $77.00. The stock's 50-day moving average is $62.27 and its two-hundred day moving average is $63.08. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.24 and a quick ratio of 1.89. The firm has a market cap of $1.73 billion, a P/E ratio of -34.97, a price-to-earnings-growth ratio of 1.50 and a beta of 1.17.

Albany International (NYSE:AIN - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The textile maker reported $0.82 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 company's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 earnings per share. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. On average, analysts anticipate that Albany International will post 3.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Albany International

Institutional investors have recently modified their holdings of the stock. Cim Investment Management Inc. increased its position 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 buying an additional 399 shares in the last quarter. QRG Capital Management Inc. grew its stake 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 acquiring an additional 604 shares during the period. SkyView Investment Advisors LLC bought a new stake in shares of Albany International in the second quarter worth about $168,000. Sequoia Financial Advisors LLC bought a new stake in shares of Albany International in the second quarter worth about $205,000. Finally, Tidal Investments LLC acquired a new stake in shares of Albany International during the second quarter worth about $304,000. 97.37% of the stock is currently owned by institutional investors and hedge funds.

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.

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