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Albany International (AIN) Stock Forecast, Price & News

$84.23
-0.82 (-0.96%)
(As of 11:27 AM ET)
Compare
Today's Range
$83.58
$85.29
50-Day Range
$83.52
$96.98
52-Week Range
$80.34
$115.39
Volume
12,113 shs
Average Volume
151,748 shs
Market Capitalization
$2.63 billion
P/E Ratio
32.03
Dividend Yield
1.19%
Price Target
$110.33

Albany International MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
31.5% Upside
$110.33 Price Target
Short Interest
Healthy
0.77% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.77mentions of Albany International in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$390,031 Sold Last Quarter
Proj. Earnings Growth
16.57%
From $3.62 to $4.22 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.12 out of 5 stars

Industrial Products Sector

9th out of 177 stocks

Broadwoven Fabric Mills, Manmade Industry

1st out of 1 stocks


AIN stock logo

About Albany International (NYSE:AIN) Stock

Albany International Corp., together with its subsidiaries, engages in the textile and materials processing business. 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, nonwovens, building products, tannery, and textiles. This segment offers forming, pressing, and drying fabrics, as well as process belts; and engineered fabrics. The AEC segment 3D-woven and injected composite components for aircraft engines composite airframe and engine components for military and commercial aircraft. It operates in the United States, Switzerland, Brazil, China, France, Mexico, Italy, and internationally. The company was incorporated in 1895 and is headquartered in Rochester, New Hampshire.

AIN Price History

AIN Stock News Headlines

Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
Truist Financial Sticks to Its Buy Rating for Albany International (AIN)
Albany International: Not As Expensive As It Looks
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
Albany International Names Gunnar Kleveland New CEO
Truist Financial Remains a Buy on Albany International (AIN)
Albany International Q2 Profit Decreases, misses estimates
Albany Intl Earnings Preview
See More Headlines
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AIN Company Calendar

Ex-Dividend for 7/10 Dividend
6/06/2023
Dividend Payable
7/10/2023
Last Earnings
7/27/2023
Ex-Dividend for 10/6 Dividend
9/01/2023
Today
10/04/2023
Dividend Payable
10/06/2023
Next Earnings (Estimated)
10/23/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Broadwoven fabric mills, manmade
Sub-Industry
Industrial Machinery
CUSIP
01234810
Employees
4,100
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$110.33
High Stock Price Forecast
$120.00
Low Stock Price Forecast
$105.00
Forecasted Upside/Downside
+29.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$95.76 million
Pretax Margin
11.53%

Debt

Sales & Book Value

Annual Sales
$1.07 billion
Cash Flow
$6.01 per share
Book Value
$27.89 per share

Miscellaneous

Free Float
30,963,000
Market Cap
$2.65 billion
Optionable
Optionable
Beta
1.30
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Key Executives

  • Mr. Joseph M. Gaug (Age 60)
    VP, Sec. & Gen. Counsel
    Comp: $867.09k
  • Mr. Daniel A. HalftermeyerMr. Daniel A. Halftermeyer (Age 62)
    Pres of Machine Clothing
    Comp: $1.42M
  • Mr. Gregory N. Harwell (Age 59)
    Pres of Albany Engineered Composites
    Comp: $1.06M
  • Mr. Gunnar Kleveland (Age 54)
    Pres, CEO & Director
  • Mr. Robert Daniel Starr (Age 55)
    CFO & Treasurer
  • Mr. John J. Tedone (Age 58)
    VP, Controller & Chief Accounting Officer
  • Mr. Robert A. Hansen (Age 66)
    Sr. VP & CTO
  • Mr. John B. Hobbs
    Director of Investor Relations
  • Susan Siegel
    VP of Corp. Communications
  • Ms. Alice McCarvill (Age 58)
    Exec. VP of HR & Chief HR Officer













AIN Stock - Frequently Asked Questions

Should I buy or sell Albany International stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Albany International in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AIN shares.
View AIN analyst ratings
or view top-rated stocks.

What is Albany International's stock price forecast for 2023?

3 analysts have issued 12 month price targets for Albany International's shares. Their AIN share price forecasts range from $105.00 to $120.00. On average, they predict the company's stock price to reach $110.33 in the next twelve months. This suggests a possible upside of 29.7% from the stock's current price.
View analysts price targets for AIN
or view top-rated stocks among Wall Street analysts.

How have AIN shares performed in 2023?

Albany International's stock was trading at $98.59 on January 1st, 2023. Since then, AIN shares have decreased by 13.7% and is now trading at $85.09.
View the best growth stocks for 2023 here
.

Are investors shorting Albany International?

Albany International saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 230,300 shares, an increase of 18.8% from the August 15th total of 193,900 shares. Based on an average daily trading volume, of 152,300 shares, the short-interest ratio is presently 1.5 days.
View Albany International's Short Interest
.

When is Albany International's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, October 23rd 2023.
View our AIN earnings forecast
.

How were Albany International's earnings last quarter?

Albany International Corp. (NYSE:AIN) released its earnings results on Thursday, July, 27th. The textile maker reported $0.90 earnings per share for the quarter, missing analysts' consensus estimates of $0.91 by $0.01. The textile maker earned $274.10 million during the quarter, compared to the consensus estimate of $261.56 million. Albany International had a net margin of 7.68% and a trailing twelve-month return on equity of 13.21%. The company's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.06 earnings per share.

How often does Albany International pay dividends? What is the dividend yield for Albany International?

Albany International announced a quarterly dividend on Thursday, August 24th. Stockholders of record on Tuesday, September 5th will be given a dividend of $0.25 per share on Friday, October 6th. This represents a $1.00 annualized dividend and a yield of 1.18%. The ex-dividend date is Friday, September 1st.
Read our dividend analysis for AIN
.

Is Albany International a good dividend stock?

Albany International (NYSE:AIN) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.14%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 38.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIN will have a dividend payout ratio of 23.70% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AIN.

What guidance has Albany International issued on next quarter's earnings?

Albany International issued an update on its FY 2023 earnings guidance on Wednesday, July, 26th. The company provided earnings per share (EPS) guidance of $3.15-$3.75 for the period, compared to the consensus estimate of $3.64. The company issued revenue guidance of $1.04 billion-$1.07 billion, compared to the consensus revenue estimate of $1.06 billion.

What is William Higgins' approval rating as Albany International's CEO?

11 employees have rated Albany International Chief Executive Officer William Higgins on Glassdoor.com. William Higgins has an approval rating of 100% among the company's employees. This puts William Higgins in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. 87.0% of employees surveyed would recommend working at Albany International to a friend.

What other stocks do shareholders of Albany International own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Albany International investors own include AbbVie (ABBV), Marvell Technology (MRVL), NVIDIA (NVDA), Bank of America (BAC), Intel (INTC), Micron Technology (MU), Bristol-Myers Squibb (BMY), Walt Disney (DIS), Enterprise Products Partners (EPD) and KLA (KLAC).

What is Albany International's stock symbol?

Albany International trades on the New York Stock Exchange (NYSE) under the ticker symbol "AIN."

How do I buy shares of Albany International?

Shares of AIN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Albany International's stock price today?

One share of AIN stock can currently be purchased for approximately $85.09.

How much money does Albany International make?

Albany International (NYSE:AIN) has a market capitalization of $2.65 billion and generates $1.07 billion in revenue each year. The textile maker earns $95.76 million in net income (profit) each year or $2.63 on an earnings per share basis.

How many employees does Albany International have?

The company employs 4,100 workers across the globe.

How can I contact Albany International?

Albany International's mailing address is 216 AIRPORT DRIVE, ROCHESTER NH, 03867. The official website for the company is www.albint.com. The textile maker can be reached via phone at (603) 330-5850, via email at stephen.nolan@albint.com, or via fax at 603-994-3835.

This page (NYSE:AIN) was last updated on 10/4/2023 by MarketBeat.com Staff

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