Albany International Corporation (NYSE:AIN) Stock Has Average Target Price of $67.67 According to Brokerages

Key Points

• Analysts hold a cautious view: Albany International has a consensus “Reduce” rating from five brokerages, with one sell and four hold ratings. The average 12-month price target is $67.67, modestly above the stock’s reported $63.35 price.
• Institutional ownership is substantial: Hedge funds and other institutional investors own 97.37% of the company, with several major investors increasing their positions.
• Recent results were mixed: Albany International beat quarterly EPS estimates ($0.82 versus $0.74) despite revenue falling short of expectations, while reporting 5.8% year-over-year revenue growth. The company also pays a quarterly dividend of $0.28 per share, yielding about 1.8% annually.

Shares of Albany International Corporation (NYSE:AIN - Get Free Report) have received a consensus recommendation of "Reduce" from the five brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $67.67.

Several equities analysts have weighed in on the company. Weiss Ratings upgraded Albany International from a "sell (d)" rating to a "sell (d+)" rating in a report on Tuesday. Robert W. Baird lifted their target price on Albany International from $64.00 to $75.00 and gave the stock a "neutral" rating in a research report on Thursday, September 3rd. JPMorgan Chase & Co. upped their price target on shares of Albany International from $61.00 to $67.00 and gave the stock a "neutral" rating in a research report on Friday, October 9th. Finally, Wall Street Zen raised shares of Albany International from a "hold" rating to a "buy" rating in a report on Sunday, October 11th.

Hedge Funds Weigh In On Albany International

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE raised its stake in shares of Albany International by 18.2% during the 1st quarter. Bank of America Corp DE now owns 1,043,579 shares of the textile maker's stock worth $54,485,000 after buying an additional 160,370 shares during the period. Sei Investments Co. boosted its holdings in shares of Albany International by 1.4% during the 1st quarter. Sei Investments Co. now owns 786,470 shares of the textile maker's stock worth $41,062,000 after purchasing an additional 10,878 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Albany International by 199.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 644,605 shares of the textile maker's stock worth $33,655,000 after acquiring an additional 429,561 shares during the last quarter. Deprince Race & Zollo Inc. raised its stake in Albany International by 20.3% during the first quarter. Deprince Race & Zollo Inc. now owns 439,053 shares of the textile maker's stock worth $22,923,000 after purchasing an additional 74,028 shares during the period. Finally, Gabelli Funds LLC lifted its stake in shares of Albany International by 88.5% in the 1st quarter. Gabelli Funds LLC now owns 281,703 shares of the textile maker's stock valued at $14,708,000 after purchasing an additional 132,226 shares during the last quarter. Hedge funds and other institutional investors own 97.37% of the company's stock.

Albany International Price Performance

Shares of NYSE AIN opened at $63.35 on Friday. The company has a 50 day moving average of $60.39 and a 200 day moving average of $64.05. 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 firm has a market cap of $1.80 billion, a P/E ratio of -36.41, a PEG ratio of 1.55 and a beta of 1.17. Albany International has a twelve month low of $41.15 and a twelve month high of $77.00.

Albany International (NYSE:AIN - Get Free Report) last posted its earnings results on Tuesday, August 4th. The textile maker reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.08. The business had revenue of $329.48 million during the quarter, compared to the consensus estimate 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 revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 EPS. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. As a group, research analysts expect that Albany International will post 3.36 EPS for the current fiscal year.

Albany International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 7th. Investors of record on Tuesday, September 1st were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, September 1st. Albany International's dividend payout ratio (DPR) is -64.37%.

Albany International Company Profile

Albany International Corporation is an advanced materials and engineered products company serving the paper, aerospace and defense industries. Founded in 1895, the company develops and manufactures specialized textiles, composite materials and related process technologies for industrial applications.

Albany International operates through two primary businesses. Its Machine Clothing segment produces engineered fabrics and process belts used in paper manufacturing, including forming fabrics, press felts, dryer fabrics and other products that support papermaking efficiency and quality.

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