Albany International Corporation (NYSE:AIN) Receives $61.50 Consensus Price Target from Brokerages

Shares of Albany International Corporation (NYSE:AIN) have received an average recommendation of “Reduce” from the six analysts that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $61.50.

AIN has been the topic of several research reports. Truist Financial set a $55.00 target price on shares of Albany International in a report on Friday, January 9th. JPMorgan Chase & Co. increased their price target on Albany International from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Friday, January 16th. Zacks Research raised Albany International from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Albany International in a research report on Monday, December 29th.

Hedge Funds Weigh In On Albany International

Institutional investors and hedge funds have recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. bought a new position in Albany International in the fourth quarter worth approximately $10,323,000. Invesco Ltd. grew its position in shares of Albany International by 5.4% during the 4th quarter. Invesco Ltd. now owns 113,792 shares of the textile maker’s stock valued at $5,769,000 after acquiring an additional 5,802 shares during the period. XTX Topco Ltd purchased a new stake in shares of Albany International in the 4th quarter worth $2,887,000. Voloridge Investment Management LLC raised its holdings in Albany International by 40.9% in the 4th quarter. Voloridge Investment Management LLC now owns 229,477 shares of the textile maker’s stock worth $11,634,000 after purchasing an additional 66,569 shares during the period. Finally, Quadrature Capital Ltd bought a new position in Albany International in the 4th quarter worth $499,000. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Albany International Price Performance

Shares of NYSE:AIN opened at $54.66 on Tuesday. Albany International has a fifty-two week low of $41.15 and a fifty-two week high of $75.15. The business has a 50-day simple moving average of $57.20 and a two-hundred day simple moving average of $55.01. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.83 and a current ratio of 2.10. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of -27.06, a price-to-earnings-growth ratio of 2.17 and a beta of 1.18.

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

Albany International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 7th. Stockholders of record on Friday, March 20th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a $1.12 annualized dividend and a dividend yield of 2.0%. Albany International’s dividend payout ratio is presently -55.45%.

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.