Albany International (NYSE:AIN) Price Target Raised to $75.00

Albany International (NYSE:AIN) had its target price increased by Robert W. Baird from $64.00 to $75.00 in a report released on Thursday morning, MarketBeat Ratings reports. Robert W. Baird currently has a neutral rating on the textile maker’s stock.

AIN has been the topic of several other reports. Weiss Ratings raised Albany International from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Wall Street Zen downgraded Albany International from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Truist Financial upped their price objective on Albany International from $55.00 to $61.00 and gave the stock a “hold” rating in a research report on Friday, June 12th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Albany International currently has an average rating of “Reduce” and an average price target of $61.00.

Albany International Trading Down 0.4%

Albany International stock opened at $62.32 on Thursday. The company has a quick ratio of 1.89, a current ratio of 2.24 and a debt-to-equity ratio of 0.60. Albany International has a 52 week low of $41.15 and a 52 week high of $77.00. The stock has a 50-day moving average price of $67.73 and a 200 day moving average price of $62.69. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of -35.82, a price-to-earnings-growth ratio of 1.75 and a beta of 1.16.

Albany International (NYSE:AIN) last released its quarterly earnings data on Tuesday, August 4th. The textile maker reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. Albany International had a negative net margin of 4.18% and a positive return on equity of 10.76%. The business had revenue of $329.48 million for the quarter, compared to the consensus estimate of $340.10 million. During the same period in the prior year, the firm earned $0.31 EPS. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. Sell-side analysts anticipate that Albany International will post 2.86 EPS for the current year.

Albany International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.8%. Albany International’s payout ratio is currently -64.37%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Nykredit A S acquired a new stake in Albany International in the 2nd quarter worth about $31,000. CWM LLC raised its holdings in shares of Albany International by 39.3% during the fourth quarter. CWM LLC now owns 712 shares of the textile maker’s stock valued at $36,000 after acquiring an additional 201 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Albany International by 227.3% in the second quarter. EverSource Wealth Advisors LLC now owns 540 shares of the textile maker’s stock valued at $38,000 after acquiring an additional 375 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Albany International by 32.4% in the second quarter. Smartleaf Asset Management LLC now owns 711 shares of the textile maker’s stock valued at $49,000 after acquiring an additional 174 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its stake in shares of Albany International by 42.3% in the second quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock worth $64,000 after acquiring an additional 270 shares during the last quarter. 97.37% of the stock is owned by hedge funds and other 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.