Albany International (NYSE:AIN) Upgraded by Wall Street Zen to Buy Rating

Key Points

• Wall Street Zen upgraded Albany International to “Buy” from “Hold,” though the broader analyst consensus remains “Reduce,” with four Hold ratings and one Sell rating and an average price target of $61.
• Albany International reported quarterly EPS of $0.82, beating estimates of $0.74, while revenue reached $329.48 million, up 5.8% year over year but below the $340.10 million consensus estimate.
• The stock opened at $62.32, below its 52-week high of $77.00, and institutional investors own a significant 97.37% stake in the company.

Albany International (NYSE:AIN - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Other equities research analysts have also recently issued reports about the stock. Truist Financial raised their price target on shares of Albany International from $55.00 to $61.00 and gave the stock a "hold" rating in a research note on Friday, June 12th. Robert W. Baird raised their target price on shares of Albany International from $64.00 to $75.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Weiss Ratings upgraded Albany International from a "sell (d)" rating to a "sell (d+)" rating in a report on Tuesday, July 28th. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $61.00.

Albany International Stock Performance

Albany International stock opened at $62.32 on Friday. Albany International has a fifty-two week low of $41.15 and a fifty-two week high of $77.00. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of -35.82, a PEG ratio of 1.75 and a beta of 1.16. The stock has a fifty day moving average of $67.73 and a two-hundred day moving average of $62.69. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.89 and a current ratio of 2.24.

Albany International (NYSE:AIN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The textile maker reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.08. The business had revenue of $329.48 million for the quarter, compared to the consensus estimate of $340.10 million. Albany International had a positive return on equity of 10.76% and a negative net margin of 4.18%.The business's revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the business earned $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 2.86 EPS for the current fiscal year.

Hedge Funds Weigh In On Albany International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AIN. Nykredit A S bought a new position in Albany International during the 2nd quarter valued at $31,000. EverSource Wealth Advisors LLC increased its position in shares of Albany International by 227.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 540 shares of the textile maker's stock worth $38,000 after purchasing an additional 375 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Albany International by 32.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 711 shares of the textile maker's stock worth $49,000 after purchasing an additional 174 shares during the last quarter. CWM LLC raised its stake in shares of Albany International by 39.3% in the 4th quarter. CWM LLC now owns 712 shares of the textile maker's stock valued at $36,000 after purchasing an additional 201 shares in the last quarter. Finally, Osaic Holdings Inc. raised its stake in shares of Albany International by 42.3% in the 2nd quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker's stock valued at $64,000 after purchasing an additional 270 shares in the last quarter. 97.37% of the stock is owned by hedge funds and other institutional investors.

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.

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