Albany International (NYSE:AIN) Upgraded at Truist Financial

Albany International (NYSE:AIN) was upgraded by equities research analysts at Truist Financial to a “hold” rating in a report released on Thursday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on AIN. Wall Street Zen raised shares of Albany International from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Zacks Research raised shares of Albany International from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Albany International in a research note on Friday, March 27th. Four equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $61.50.

Albany International Price Performance

AIN opened at $61.02 on Thursday. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of -29.91, a PEG ratio of 2.47 and a beta of 1.18. The company has a current ratio of 2.20, a quick ratio of 1.88 and a debt-to-equity ratio of 0.65. Albany International has a 12-month low of $41.15 and a 12-month high of $73.00. The business’s fifty day simple moving average is $56.29 and its 200-day simple moving average is $54.38.

Albany International (NYSE:AIN) last released its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.05. Albany International had a positive return on equity of 9.44% and a negative net margin of 4.93%.The firm had revenue of $311.33 million during the quarter, compared to the consensus estimate of $281.00 million. During the same period in the previous year, the company posted $0.73 earnings per share. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. On average, equities research analysts anticipate that Albany International will post 2.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Albany International

Large investors have recently made changes to their positions in the business. Franklin Resources Inc. raised its stake in Albany International by 11,101.8% in the third quarter. Franklin Resources Inc. now owns 648,810 shares of the textile maker’s stock valued at $32,324,000 after buying an additional 643,018 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in shares of Albany International by 199.8% during the first 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. acquired a new position in shares of Albany International during the fourth quarter valued at about $18,507,000. Invenomic Capital Management LP purchased a new position in shares of Albany International in the 3rd quarter valued at approximately $17,269,000. Finally, Millennium Management LLC raised its position in shares of Albany International by 1,078.5% in the 3rd quarter. Millennium Management LLC now owns 313,830 shares of the textile maker’s stock valued at $16,727,000 after purchasing an additional 287,200 shares during the last quarter. 97.37% of the stock is owned by institutional investors and hedge funds.

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.