Albany International Corporation (NYSE:AIN) Receives $62.33 Consensus Price Target from Analysts

Shares of Albany International Corporation (NYSE:AIN) have been given an average rating of “Reduce” by the five research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $62.3333.

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Albany International in a research report on Friday, March 27th. Truist Financial boosted their price objective on shares of Albany International from $55.00 to $61.00 and gave the company a “hold” rating in a research report on Friday, June 12th. Wall Street Zen lowered shares of Albany International from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, Zacks Research raised shares of Albany International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 3rd.

Institutional Investors Weigh In On Albany International

A number of institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE grew its holdings in Albany International by 18.2% in the first 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. Quantinno Capital Management LP grew its holdings in Albany International by 123.3% in the first quarter. Quantinno Capital Management LP now owns 15,045 shares of the textile maker’s stock valued at $786,000 after purchasing an additional 8,308 shares during the period. Entropy Technologies LP grew its holdings in Albany International by 53.1% in the first quarter. Entropy Technologies LP now owns 13,318 shares of the textile maker’s stock valued at $695,000 after purchasing an additional 4,619 shares during the period. Renaissance Technologies LLC purchased a new stake in Albany International in the first quarter valued at approximately $5,007,000. Finally, Gabelli Funds LLC grew its holdings in Albany International by 88.5% in the first 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. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Albany International Stock Performance

NYSE:AIN opened at $71.93 on Thursday. The firm has a 50 day simple moving average of $63.21 and a 200-day simple moving average of $57.80. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.20 and a quick ratio of 1.88. The firm has a market cap of $2.04 billion, a PE ratio of -35.26, a P/E/G ratio of 3.00 and a beta of 1.20. Albany International has a 1-year low of $41.15 and a 1-year high of $73.00.

Albany International (NYSE:AIN) last posted its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The business had revenue of $311.33 million during the quarter, compared to analyst estimates of $281.00 million. Albany International had a negative net margin of 4.93% and a positive return on equity of 9.44%. The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.73 earnings per share. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. On average, equities analysts expect that Albany International will post 2.79 EPS for the current year.

Albany International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Friday, June 5th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, June 5th. Albany International’s payout ratio is presently -54.90%.

Albany International Company Profile

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.