Analysts Set Albany International Corporation (NYSE:AIN) Price Target at $61.50

Shares of Albany International Corporation (NYSE:AIN) have earned a consensus recommendation of “Reduce” from the six brokerages 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 1 year price target among brokerages that have issued ratings on the stock in the last year is $61.50.

Several research analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on Albany International from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Truist Financial set a $55.00 target price on Albany International in a research report on Friday, January 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Albany International in a research report on Friday, March 27th. Finally, Zacks Research raised Albany International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 3rd.

Albany International Stock Up 2.2%

Shares of AIN stock opened at $58.45 on Wednesday. The stock has a market cap of $1.65 billion, a P/E ratio of -28.65, a price-to-earnings-growth ratio of 2.34 and a beta of 1.18. Albany International has a one year low of $41.15 and a one year high of $73.00. The stock has a fifty day moving average price of $55.41 and a 200 day moving average price of $54.08. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.20 and a quick ratio of 1.88.

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

Albany International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 7th. Shareholders of record on Friday, March 20th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, March 20th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.9%. Albany International’s dividend payout ratio (DPR) is presently -54.90%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its holdings in shares of Albany International by 2.0% during the first quarter. Principal Financial Group Inc. now owns 139,739 shares of the textile maker’s stock valued at $7,296,000 after acquiring an additional 2,776 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Albany International by 100.0% during the first quarter. Fifth Third Bancorp now owns 15,382 shares of the textile maker’s stock valued at $803,000 after acquiring an additional 7,692 shares during the period. Granite Investment Partners LLC lifted its holdings in shares of Albany International by 72.0% during the first quarter. Granite Investment Partners LLC now owns 108,420 shares of the textile maker’s stock valued at $5,661,000 after acquiring an additional 45,389 shares during the period. QRG Capital Management Inc. bought a new position in shares of Albany International during the first quarter valued at $201,000. Finally, Deprince Race & Zollo Inc. lifted its holdings in shares of Albany International by 20.3% during the first quarter. Deprince Race & Zollo Inc. now owns 439,053 shares of the textile maker’s stock valued at $22,923,000 after acquiring an additional 74,028 shares during the period. 97.37% of the stock is owned by institutional investors.

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.