Wall Street Zen Upgrades Albany International (NYSE:AIN) to Buy

Albany International (NYSE:AIN) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Sunday, Wall Street Zen reports.

AIN has been the topic of a number of other research reports. Robert W. Baird boosted their price objective on Albany International from $64.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, September 3rd. JPMorgan Chase & Co. raised their target price on Albany International from $61.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Weiss Ratings lowered Albany International from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, October 2nd. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $67.67.

Albany International Trading Down 1.8%

Shares of Albany International stock opened at $60.67 on Friday. The stock has a market cap of $1.72 billion, a P/E ratio of -34.87, a P/E/G ratio of 1.57 and a beta of 1.17. The stock’s 50 day simple moving average is $60.46 and its 200-day simple moving average is $63.49. Albany International has a 1-year low of $41.15 and a 1-year 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.

Albany International (NYSE:AIN) last posted its quarterly earnings results on Tuesday, August 4th. The textile maker reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $329.48 million during the quarter, compared to analyst estimates of $340.10 million. During the same period in the prior year, the business earned $0.31 earnings per share. The business’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. Analysts predict that Albany International will post 3.14 EPS for the current fiscal year.

Institutional Trading of Albany International

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Gamco Investors INC. ET AL raised its holdings in 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 valued at $33,655,000 after buying an additional 429,561 shares during the period. Bank of America Corp DE boosted its stake in Albany International by 18.2% during the first 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. Gabelli Funds LLC boosted its stake in Albany International by 88.5% during the first quarter. Gabelli Funds LLC now owns 281,703 shares of the textile maker’s stock worth $14,708,000 after buying an additional 132,226 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Albany International during the first quarter valued at about $5,007,000. Finally, Deprince Race & Zollo Inc. increased its position in shares of Albany International by 20.3% during the first quarter. Deprince Race & Zollo Inc. now owns 439,053 shares of the textile maker’s stock valued at $22,923,000 after acquiring an additional 74,028 shares during the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

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.