Truist Financial Issues Positive Forecast for Albany International (NYSE:AIN) Stock Price

Albany International (NYSE:AIN) had its price target raised by Truist Financial from $55.00 to $61.00 in a report published on Friday, Marketbeat.com reports. Truist Financial currently has a hold rating on the textile maker’s stock.

A number of other research firms have also issued reports on AIN. Wall Street Zen raised shares of Albany International from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Albany International in a research note on Friday, March 27th. Finally, Zacks Research upgraded shares of Albany International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $62.33.

Albany International Stock Performance

Shares of AIN stock opened at $71.06 on Friday. The company’s fifty day simple moving average is $60.63 and its 200-day simple moving average is $56.41. Albany International has a 52 week low of $41.15 and a 52 week high of $73.00. The company has a current ratio of 2.20, a quick ratio of 1.88 and a debt-to-equity ratio of 0.65. The company has a market cap of $2.02 billion, a PE ratio of -34.83, a P/E/G ratio of 2.90 and a beta of 1.20.

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

Albany International Dividend Announcement

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

Institutional Investors Weigh In On Albany International

Institutional investors have recently modified their holdings of the business. Smartleaf Asset Management LLC boosted its stake in shares of Albany International by 32.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 711 shares of the textile maker’s stock worth $49,000 after acquiring an additional 174 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of Albany International by 0.6% during the 2nd quarter. California State Teachers Retirement System now owns 28,783 shares of the textile maker’s stock worth $2,019,000 after acquiring an additional 179 shares in the last quarter. CWM LLC boosted its stake in shares of Albany International by 39.3% during the 4th quarter. CWM LLC now owns 712 shares of the textile maker’s stock worth $36,000 after acquiring an additional 201 shares in the last quarter. Dakota Wealth Management boosted its stake in shares of Albany International by 1.8% during the 3rd quarter. Dakota Wealth Management now owns 13,878 shares of the textile maker’s stock worth $740,000 after acquiring an additional 245 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its stake in shares of Albany International by 42.3% during the 2nd quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock worth $64,000 after acquiring an additional 270 shares in the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

About Albany International

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.