Albany International (NYSE:AIN) Stock Price Expected to Rise, Truist Financial Analyst Says

Albany International (NYSE:AINGet Free Report) had its price objective boosted by equities researchers at Truist Financial from $55.00 to $61.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “hold” rating on the textile maker’s stock. Truist Financial’s price objective suggests a potential downside of 15.65% from the stock’s previous close.

AIN has been the topic of a number of other research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Albany International in a report on Friday, March 27th. Zacks Research raised shares of Albany International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. Finally, Wall Street Zen upgraded shares of Albany International from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $62.33.

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Albany International Price Performance

NYSE AIN traded up $1.37 during trading hours on Friday, reaching $72.32. The company’s stock had a trading volume of 12,534 shares, compared to its average volume of 276,037. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.88 and a current ratio of 2.20. The company’s 50-day moving average is $60.29 and its two-hundred day moving average is $56.30. Albany International has a fifty-two week low of $41.15 and a fifty-two week high of $73.00. The stock has a market cap of $2.05 billion, a PE ratio of -35.45, a PEG ratio of 2.77 and a beta of 1.20.

Albany International (NYSE:AINGet Free Report) last announced its earnings results on Thursday, April 30th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.73 earnings per share. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. Analysts forecast that Albany International will post 2.91 EPS for the current year.

Hedge Funds Weigh In On Albany International

Several large investors have recently added to or reduced their stakes in the business. CWM LLC lifted its holdings in shares of Albany International by 39.3% during the 4th quarter. CWM LLC now owns 712 shares of the textile maker’s stock worth $36,000 after acquiring an additional 201 shares during the period. EverSource Wealth Advisors LLC boosted 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 worth $38,000 after acquiring an additional 375 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in 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 purchasing an additional 174 shares during the period. Osaic Holdings Inc. increased its position in Albany International by 42.3% during the second quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock worth $64,000 after purchasing an additional 270 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in Albany International during the third quarter worth approximately $66,000. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Albany International Company Profile

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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.

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Analyst Recommendations for Albany International (NYSE:AIN)

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