Wall Street Zen Downgrades Albany International (NYSE:AIN) to Hold

Albany International (NYSE:AIN) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other equities research analysts have also weighed in on the stock. Zacks Research raised shares of Albany International from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Truist Financial boosted their price target on shares of Albany International from $55.00 to $61.00 and gave the stock a “hold” rating in a research report on Friday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Albany International in a research report on Friday, March 27th. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $62.33.

Albany International Trading Up 0.2%

AIN opened at $71.06 on Friday. Albany International has a fifty-two week low of $41.15 and a fifty-two week high of $73.00. 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 capitalization of $2.02 billion, a price-to-earnings ratio of -34.83, a PEG ratio of 2.90 and a beta of 1.20. The company’s 50 day moving average price is $60.63 and its two-hundred day moving average price is $56.41.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. First Eagle Investment Management LLC acquired a new position in shares of Albany International in the 3rd quarter worth approximately $3,145,000. Deprince Race & Zollo Inc. acquired a new position in shares of Albany International in the 4th quarter worth approximately $18,507,000. William Blair Investment Management LLC lifted its position in shares of Albany International by 24.8% during the 3rd quarter. William Blair Investment Management LLC now owns 876,455 shares of the textile maker’s stock valued at $46,715,000 after acquiring an additional 174,023 shares during the period. Invenomic Capital Management LP acquired a new position in shares of Albany International during the 3rd quarter valued at $17,269,000. Finally, Numerai GP LLC acquired a new position in shares of Albany International during the 3rd quarter valued at $2,658,000. Institutional investors and hedge funds own 97.37% of the company’s stock.

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.