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

Albany International Corp. (NYSE:AIN - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the five research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $79.00.

Several research firms have recently commented on AIN. Robert W. Baird reduced their price objective on Albany International from $104.00 to $92.00 and set an "outperform" rating for the company in a research note on Friday, February 28th. Wall Street Zen upgraded Albany International from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. raised their price objective on Albany International from $65.00 to $77.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Bank of America cut their price objective on Albany International from $75.00 to $65.00 and set an "underperform" rating for the company in a research note on Monday, June 2nd. Finally, Truist Financial reduced their target price on shares of Albany International from $88.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, April 17th.

Albany International Trading Up 0.8%

Shares of NYSE:AIN opened at $67.05 on Friday. The stock's 50-day simple moving average is $65.33 and its two-hundred day simple moving average is $74.25. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 20.95 and a beta of 1.31. Albany International has a 52-week low of $57.71 and a 52-week high of $95.47. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.94 and a current ratio of 3.68.

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 the consensus estimate of $0.58 by $0.15. The firm had revenue of $288.77 million for the quarter, compared to analysts' expectations of $300.74 million. Albany International had a net margin of 7.92% and a return on equity of 12.20%. The business's quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.90 EPS. Analysts expect that Albany International will post 3.23 EPS for the current year.

Albany International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Friday, June 6th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Friday, June 6th. Albany International's dividend payout ratio is currently 43.55%.

Institutional Trading of Albany International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brooklyn Investment Group grew its holdings in Albany International by 2,241.2% during the 1st quarter. Brooklyn Investment Group now owns 398 shares of the textile maker's stock valued at $27,000 after buying an additional 381 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Albany International during the fourth quarter worth $40,000. Smartleaf Asset Management LLC grew its stake in Albany International by 306.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 667 shares of the textile maker's stock valued at $53,000 after acquiring an additional 503 shares in the last quarter. Sterling Capital Management LLC increased its holdings in Albany International by 735.6% in the 4th quarter. Sterling Capital Management LLC now owns 752 shares of the textile maker's stock valued at $60,000 after acquiring an additional 662 shares during the last quarter. Finally, Vestcor Inc bought a new stake in Albany International in the 4th quarter valued at $70,000. Institutional investors own 97.37% of the company's stock.

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.

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