Albany International Corporation (NYSE:AIN) Stock Has Consensus Target Price of $61.00 According to Brokerages

Albany International Corporation (NYSE:AIN) has been assigned an average recommendation of “Reduce” from the five research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $61.00.

A number of equities analysts have recently weighed in on the stock. Wall Street Zen cut shares of Albany International from a “buy” rating to a “hold” rating in a research note on Saturday. Robert W. Baird boosted their price objective on shares of Albany International from $64.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, September 3rd. Weiss Ratings upgraded shares of Albany International from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. Finally, Truist Financial increased their target price on shares of Albany International from $55.00 to $61.00 and gave the company a “hold” rating in a report on Friday, June 12th.

Albany International Trading Up 3.1%

NYSE AIN opened at $60.85 on Monday. The firm’s fifty day moving average price is $62.27 and its 200 day moving average price is $63.08. Albany International has a 12 month low of $41.15 and a 12 month high of $77.00. 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 company has a market capitalization of $1.73 billion, a price-to-earnings ratio of -34.97, a price-to-earnings-growth ratio of 1.50 and a beta of 1.17.

Albany International (NYSE:AIN) last released its quarterly earnings results on Tuesday, August 4th. The textile maker reported $0.82 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $340.10 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The firm’s revenue 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. On average, sell-side analysts expect that Albany International will post 3.14 earnings per share for the current fiscal year.

Albany International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.28 per share. The ex-dividend date is Tuesday, September 1st. This represents a $1.12 dividend on an annualized basis and a yield of 1.8%. Albany International’s payout ratio is presently -64.37%.

Institutional Investors Weigh In On Albany International

A number of hedge funds and other institutional investors have recently modified their holdings of AIN. Nykredit A S acquired a new position in shares of Albany International during the 2nd quarter valued at about $31,000. Allworth Financial LP boosted its position in shares of Albany International by 95.1% in the second quarter. Allworth Financial LP now owns 474 shares of the textile maker’s stock worth $35,000 after acquiring an additional 231 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Albany International in the second quarter valued at approximately $35,000. Hantz Financial Services Inc. increased its position in Albany International by 540.9% during the fourth quarter. Hantz Financial Services Inc. now owns 1,583 shares of the textile maker’s stock worth $80,000 after purchasing an additional 1,336 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Albany International by 25.3% during the second quarter. GAMMA Investing LLC now owns 1,286 shares of the textile maker’s stock worth $96,000 after purchasing an additional 260 shares during the last quarter. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

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.