Albany International Corp. (NYSE:AIN) Given Average Rating of "Moderate Buy" by Analysts

Albany International Corp. (NYSE:AIN - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the five brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $81.00.

A number of research analysts have recently weighed in on AIN shares. StockNews.com raised shares of Albany International from a "hold" rating to a "buy" rating in a research note on Friday. Truist Financial dropped their price objective on shares of Albany International from $88.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Bank of America lowered their target price on shares of Albany International from $80.00 to $75.00 and set an "underperform" rating for the company in a research note on Tuesday, March 25th. JPMorgan Chase & Co. lifted their target price on shares of Albany International from $65.00 to $77.00 and gave the stock a "neutral" rating in a research note on Friday. Finally, Robert W. Baird lowered their target price on shares of Albany International from $104.00 to $92.00 and set an "outperform" rating for the company in a research note on Friday, February 28th.

Institutional Trading of Albany International

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Albany International by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 3,493,846 shares of the textile maker's stock valued at $279,403,000 after buying an additional 12,687 shares during the period. Earnest Partners LLC grew its stake in shares of Albany International by 3.9% during the 4th quarter. Earnest Partners LLC now owns 2,641,108 shares of the textile maker's stock valued at $211,209,000 after buying an additional 99,149 shares during the period. Bank of America Corp DE grew its stake in shares of Albany International by 3,050.6% during the 4th quarter. Bank of America Corp DE now owns 1,363,946 shares of the textile maker's stock valued at $109,075,000 after buying an additional 1,320,654 shares during the period. American Century Companies Inc. grew its stake in shares of Albany International by 45.3% during the 1st quarter. American Century Companies Inc. now owns 1,233,925 shares of the textile maker's stock valued at $85,190,000 after buying an additional 384,546 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Albany International by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,103,121 shares of the textile maker's stock valued at $88,217,000 after buying an additional 9,226 shares during the period. 97.37% of the stock is owned by hedge funds and other institutional investors.

Albany International Price Performance

Shares of AIN traded up $0.72 during mid-day trading on Wednesday, reaching $69.15. 184,342 shares of the company's stock were exchanged, compared to its average volume of 206,595. The company has a quick ratio of 2.94, a current ratio of 3.68 and a debt-to-equity ratio of 0.36. The company has a 50-day simple moving average of $67.11 and a two-hundred day simple moving average of $75.50. Albany International has a 52-week low of $57.71 and a 52-week high of $95.47. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 21.61 and a beta of 1.37.

Albany International (NYSE:AIN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The textile maker reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.15. Albany International had a net margin of 7.92% and a return on equity of 12.20%. The business had revenue of $288.77 million during the quarter, compared to analysts' expectations of $300.74 million. During the same period last year, the company posted $0.90 EPS. The company's revenue was down 7.8% on a year-over-year basis. On average, sell-side analysts predict that Albany International will post 3.23 EPS for the current fiscal year.

Albany International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Friday, June 6th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.56%. Albany International's payout ratio is currently 43.55%.

Albany International Company Profile

Albany International Corp., together with its subsidiaries, engages in the machine clothing and engineered composites businesses. The company operates in two segments, Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment designs, manufactures, and markets paper machine clothing for use in the manufacturing of papers, paperboards, tissues, towels, pulps, nonwovens, building products, tannery, and textiles, as well as fiber cement and several other industrial applications.