Albany International (NYSE:AIN) Upgraded at Zacks Research

Zacks Research upgraded shares of Albany International (NYSE:AIN) from a strong sell rating to a hold rating in a research report released on Tuesday,Zacks.com reports.

A number of other research firms have also recently commented on AIN. Weiss Ratings reissued a “sell (d)” rating on shares of Albany International in a report on Monday, December 29th. JPMorgan Chase & Co. lifted their price objective on shares of Albany International from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Finally, Truist Financial set a $55.00 target price on shares of Albany International in a research report on Friday, January 9th. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $61.50.

Albany International Price Performance

NYSE AIN opened at $59.45 on Tuesday. The company has a current ratio of 2.10, a quick ratio of 1.83 and a debt-to-equity ratio of 0.62. Albany International has a 12 month low of $41.15 and a 12 month high of $75.16. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of -29.43, a PEG ratio of 2.28 and a beta of 1.18. The company’s 50 day moving average is $56.69 and its two-hundred day moving average is $55.22.

Albany International (NYSE:AIN) last announced its quarterly earnings data on Tuesday, February 24th. The textile maker reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. The firm had revenue of $321.21 million during the quarter, compared to analysts’ expectations of $292.32 million. Albany International had a negative net margin of 4.85% and a positive return on equity of 9.64%. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.58 earnings per share. Albany International has set its Q1 2026 guidance at 0.500-0.600 EPS. As a group, research analysts anticipate that Albany International will post 3.23 earnings per share for the current year.

Albany International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 7th. Investors of record on Friday, March 20th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a $1.12 dividend on an annualized basis and a yield of 1.9%. Albany International’s dividend payout ratio is presently -55.45%.

Institutional Trading of Albany International

A number of large investors have recently made changes to their positions in AIN. Royal Bank of Canada raised its position in shares of Albany International by 7.5% during the 1st quarter. Royal Bank of Canada now owns 15,590 shares of the textile maker’s stock valued at $1,076,000 after buying an additional 1,085 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Albany International by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,569 shares of the textile maker’s stock valued at $1,282,000 after purchasing an additional 807 shares during the period. Millennium Management LLC lifted its stake in shares of Albany International by 464.4% in the 1st quarter. Millennium Management LLC now owns 91,934 shares of the textile maker’s stock valued at $6,347,000 after purchasing an additional 75,644 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Albany International by 6.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 59,199 shares of the textile maker’s stock worth $4,087,000 after purchasing an additional 3,559 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of Albany International during the 1st quarter valued at approximately $7,468,000. 97.37% of the stock is currently owned by institutional investors.

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.