Albany International (NYSE:AIN) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Albany International (NYSE:AIN) from a hold rating to a buy rating in a report released on Sunday,Wall Street Zen reports.

AIN has been the topic of a number of other reports. JPMorgan Chase & Co. upped their price objective on Albany International from $61.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday. Weiss Ratings cut Albany International from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, October 2nd. Finally, 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 report on Thursday, September 3rd. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $67.67.

Albany International Trading Up 0.2%

Albany International stock opened at $61.94 on Friday. The firm has a 50 day moving average of $60.75 and a 200 day moving average of $63.43. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of -35.60, a P/E/G ratio of 1.57 and a beta of 1.17. Albany International has a 12-month low of $41.15 and a 12-month high of $77.00. The company has a current ratio of 2.24, a quick ratio of 1.89 and a debt-to-equity ratio of 0.60.

Albany International (NYSE:AIN) last released its earnings results on Tuesday, August 4th. The textile maker reported $0.82 earnings per share 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 analysts’ expectations of $340.10 million. Albany International had a negative net margin of 4.18% and a positive return on equity of 10.76%. Albany International’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.31 EPS. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. As a group, research analysts predict that Albany International will post 3.14 earnings per share for the current year.

Albany International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Tuesday, September 1st were issued a $0.28 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $1.12 annualized dividend and a dividend yield of 1.8%. Albany International’s payout ratio is currently -64.37%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Gamco Investors INC. ET AL grew its stake in shares of Albany International by 199.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 644,605 shares of the textile maker’s stock worth $33,655,000 after purchasing an additional 429,561 shares during the period. Bank of America Corp DE lifted its stake in shares of Albany International by 18.2% in the 1st quarter. Bank of America Corp DE now owns 1,043,579 shares of the textile maker’s stock valued at $54,485,000 after purchasing an additional 160,370 shares during the period. 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 period. Renaissance Technologies LLC purchased a new stake in Albany International during the first quarter worth $5,007,000. Finally, Deprince Race & Zollo Inc. boosted its holdings 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 buying an additional 74,028 shares in the last quarter. 97.37% of the stock is owned by institutional investors.

About Albany International

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.