Robert W. Baird Issues Positive Forecast for Albany International (NYSE:AIN) Stock Price

Albany International (NYSE:AINGet Free Report) had its price target increased by research analysts at Robert W. Baird from $64.00 to $75.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the textile maker’s stock. Robert W. Baird’s price target would suggest a potential upside of 27.10% from the company’s current price.

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

View Our Latest Report on AIN

Albany International Trading Up 8.6%

NYSE AIN opened at $59.01 on Thursday. The firm has a market capitalization of $1.68 billion, a PE ratio of -33.91, a price-to-earnings-growth ratio of 1.52 and a beta of 1.16. The company has a 50-day simple moving average of $68.25 and a 200-day simple moving average of $62.66. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.89 and a current ratio of 2.24. Albany International has a one year low of $41.15 and a one year high of $77.00.

Albany International (NYSE:AINGet Free Report) last announced its quarterly earnings results 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 company had revenue of $329.48 million for the quarter, compared to analyst estimates of $340.10 million. During the same quarter last year, the business earned $0.31 earnings per share. Albany International’s revenue was up 5.8% compared to the same quarter last year. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. On average, equities analysts forecast that Albany International will post 2.86 earnings per share for the current year.

Hedge Funds Weigh In On Albany International

Several hedge funds have recently made changes to their positions in AIN. Nykredit A S acquired a new position in shares of Albany International in the second quarter valued at $31,000. EverSource Wealth Advisors LLC grew its position in Albany International by 227.3% during the second quarter. EverSource Wealth Advisors LLC now owns 540 shares of the textile maker’s stock worth $38,000 after buying an additional 375 shares in the last quarter. Smartleaf Asset Management LLC increased 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 worth $49,000 after purchasing an additional 174 shares during the period. CWM LLC lifted its position in Albany International by 39.3% during the fourth quarter. CWM LLC now owns 712 shares of the textile maker’s stock worth $36,000 after purchasing an additional 201 shares during the period. Finally, Osaic Holdings Inc. boosted its position in shares of Albany International by 42.3% during the 2nd quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock worth $64,000 after acquiring an additional 270 shares in the last quarter. 97.37% of the stock is owned by institutional investors.

About Albany International

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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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