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

Albany International Corporation (NYSE:AIN) has earned an average recommendation of “Reduce” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $61.50.

AIN has been the subject of several recent research reports. Zacks Research upgraded shares of Albany International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Weiss Ratings restated a “sell (d)” rating on shares of Albany International in a research report on Friday, March 27th. Wall Street Zen upgraded shares of Albany International from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Truist Financial upgraded shares of Albany International to a “hold” rating in a research report on Thursday, May 21st.

Albany International Stock Performance

Shares of Albany International stock opened at $64.61 on Friday. The firm has a fifty day moving average of $57.17 and a two-hundred day moving average of $54.72. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of -31.67, a PEG ratio of 2.61 and a beta of 1.18. Albany International has a 52 week low of $41.15 and a 52 week high of $73.00. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.88 and a current ratio of 2.20.

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

Albany International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Friday, June 5th will be given a $0.28 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.7%. Albany International’s dividend payout ratio is currently -54.90%.

Institutional Trading of Albany International

A number of large investors have recently made changes to their positions in AIN. Royal Bank of Canada increased its position in shares of Albany International by 7.5% in 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. increased its position in shares of Albany International by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,569 shares of the textile maker’s stock valued at $1,282,000 after buying an additional 807 shares in the last quarter. Millennium Management LLC boosted its stake in Albany International by 464.4% in the 1st quarter. Millennium Management LLC now owns 91,934 shares of the textile maker’s stock worth $6,347,000 after purchasing an additional 75,644 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in 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 acquired a new position in Albany International in the 1st quarter worth $7,468,000. Institutional investors 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.