Albany International Corporation (NYSE:AIN) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Albany International Corporation is rated with a consensus recommendation of "Hold" by seven research firms, with price targets ranging from $55.00 to $79.00.
• The company reported a quarterly earnings per share (EPS) of $0.43 and declared a dividend of $0.27 per share, reflecting a yield of 2.0%.
• Institutional investors hold 97.37% of Albany International's stock, indicating strong institutional interest in the company.

Albany International Corporation (NYSE:AIN - Get Free Report) has been given an average recommendation of "Hold" by the seven research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $69.00.

Several analysts have recently issued reports on AIN shares. Robert W. Baird lowered shares of Albany International from an "outperform" rating to a "neutral" rating and set a $79.00 target price for the company. in a research note on Thursday, July 31st. Baird R W lowered shares of Albany International from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Truist Financial reiterated a "hold" rating and issued a $55.00 target price (down previously from $70.00) on shares of Albany International in a research note on Friday, August 1st. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Albany International in a research note on Wednesday.

Albany International Stock Performance

NYSE AIN opened at $53.69 on Friday. Albany International has a 1 year low of $50.60 and a 1 year high of $88.13. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.51 and a quick ratio of 2.78. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 1.31 and a beta of 1.36. The company has a fifty day moving average price of $59.41 and a 200-day moving average price of $64.53.

Albany International (NYSE:AIN - Get Free Report) last posted its earnings results on Wednesday, May 25th. The textile maker reported $0.43 earnings per share (EPS) for the quarter. Albany International had a net margin of 5.25% and a return on equity of 8.87%. The firm had revenue of $239.92 million during the quarter. As a group, equities research analysts predict that Albany International will post 3.23 EPS for the current fiscal year.

Albany International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Investors of record on Tuesday, September 2nd were given a dividend of $0.27 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $1.08 annualized dividend and a yield of 2.0%. Albany International's dividend payout ratio is presently 54.00%.

Hedge Funds Weigh In On Albany International

Several institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its position in Albany International by 5.6% during the second quarter. Blue Trust Inc. now owns 3,237 shares of the textile maker's stock valued at $227,000 after buying an additional 172 shares during the period. Smartleaf Asset Management LLC grew its position in Albany International by 32.4% during the second quarter. Smartleaf Asset Management LLC now owns 711 shares of the textile maker's stock valued at $49,000 after buying an additional 174 shares during the period. California State Teachers Retirement System grew its position in Albany International by 0.6% during the second quarter. California State Teachers Retirement System now owns 28,783 shares of the textile maker's stock valued at $2,019,000 after buying an additional 179 shares during the period. Verdence Capital Advisors LLC grew its position in Albany International by 2.9% during the second quarter. Verdence Capital Advisors LLC now owns 6,960 shares of the textile maker's stock valued at $488,000 after buying an additional 193 shares during the period. Finally, Keybank National Association OH grew its position in Albany International by 5.3% during the second quarter. Keybank National Association OH now owns 4,495 shares of the textile maker's stock valued at $315,000 after buying an additional 225 shares during the period. 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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