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NYSE:AIN

Albany International - AIN Stock Forecast, Price & News

$87.00
+1.72 (+2.02%)
(As of 03/27/2023 12:00 AM ET)
Add
Compare
Today's Range
$85.07
$87.57
50-Day Range
$85.28
$113.72
52-Week Range
$75.24
$115.39
Volume
430,041 shs
Average Volume
152,202 shs
Market Capitalization
$2.71 billion
P/E Ratio
28.62
Dividend Yield
1.15%
Price Target
$98.67

Albany International MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
13.4% Upside
$98.67 Price Target
Short Interest
Healthy
1.08% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.20mentions of Albany International in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$193,667 Sold Last Quarter
Proj. Earnings Growth
12.19%
From $3.61 to $4.05 Per Share

Overall MarketRank

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

2.67 out of 5 stars

Industrial Products Sector

64th out of 179 stocks

Broadwoven Fabric Mills, Manmade Industry

1st out of 1 stocks


AIN stock logo

About Albany International (NYSE:AIN) Stock

Albany International Corp. engages in textiles and materials processing. It operates through the following segments: Machine Clothing and Albany Engineered Composites. The Machine Clothing segment supplies fabrics used in the manufacturing process in the pulp, corrugator, nonwovens, fiber cement, building products, and tannery and textile industries. The Engineered Composites segment provides composite structures to customers in the commercial and defense aerospace industries. The firm offers regular fabric, consultative, diagnostic, and project specific services. The company was founded on March 8, 1895 and is headquartered in Rochester, NH.

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AIN Stock News Headlines

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Albany International Announces CFO Transition
Albany International Announces CEO Succession Plan
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Albany International Reports Fourth-Quarter 2022 Results
Albany Intl: Dividend Insights
Albany International Increases Dividend
Albany International Reports Third-Quarter 2022 Results
Earnings Preview: Albany International
See More Headlines
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AIN Company Calendar

Last Earnings
10/24/2021
Ex-Dividend for 1/9 Dividend
12/23/2022
Dividend Payable
1/09/2023
Ex-Dividend for 4/10 Dividend
3/16/2023
Today
3/27/2023
Dividend Payable
4/10/2023
Next Earnings (Estimated)
4/24/2023
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
$98.67
High Stock Price Forecast
$110.00
Low Stock Price Forecast
$85.00
Forecasted Upside/Downside
+13.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$95.76 million
Pretax Margin
12.75%

Debt

Sales & Book Value

Annual Sales
$1.03 billion
Cash Flow
$6.22 per share
Book Value
$27.89 per share

Miscellaneous

Free Float
30,929,000
Market Cap
$2.71 billion
Optionable
Optionable
Beta
1.34

Key Executives

  • Andrew William Higgins
    President, Chief Executive Officer & Director
  • Stephen M. Nolan
    Chief Financial Officer & Treasurer
  • Robert Alan Hansen
    Chief Technology Officer & Senior Vice President
  • Alice Mccarvill
    Chief Human Resources Officer & Executive VP
  • Joseph M. Gaug
    Secretary, Vice President & General Counsel













AIN Stock - Frequently Asked Questions

Should I buy or sell Albany International stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Albany International in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AIN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AIN, but not buy additional shares or sell existing shares.
View AIN analyst ratings
or view top-rated stocks.

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

3 equities research analysts have issued 12-month price targets for Albany International's stock. Their AIN share price forecasts range from $85.00 to $110.00. On average, they predict the company's stock price to reach $98.67 in the next year. This suggests a possible upside of 13.4% 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 at the start of the year. Since then, AIN stock has decreased by 11.8% and is now trading at $87.00.
View the best growth stocks for 2023 here
.

Are investors shorting Albany International?

Albany International saw a decline in short interest in the month of March. As of March 15th, there was short interest totaling 336,100 shares, a decline of 19.4% from the February 28th total of 417,200 shares. Based on an average daily trading volume, of 139,400 shares, the short-interest ratio is presently 2.4 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, April 24th 2023.
View our AIN earnings forecast
.

How were Albany International's earnings last quarter?

Albany International Corp. (NYSE:AIN) posted its earnings results on Sunday, October, 24th. The textile maker reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.12. The textile maker had revenue of $232.44 million for the quarter, compared to analysts' expectations of $221.76 million. Albany International had a net margin of 9.25% and a trailing twelve-month return on equity of 14.31%. During the same period in the previous year, the company posted $0.96 EPS.

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

Albany International announced a quarterly dividend on Friday, February 24th. Investors of record on Friday, March 17th will be paid a dividend of $0.25 per share on Monday, April 10th. This represents a $1.00 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Thursday, March 16th.
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 1.17%. 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 32.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIN will have a dividend payout ratio of 24.69% 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 Tuesday, February, 14th. The company provided earnings per share (EPS) guidance of $3.10-$3.60 for the period, compared to the consensus EPS estimate of $3.93. The company issued revenue guidance of $1.01 billion-$1.05 billion, compared to the consensus revenue estimate of $1.05 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."

Who are Albany International's major shareholders?

Albany International's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Earnest Partners LLC (9.18%), Bank of America Corp DE (4.58%), Dimensional Fund Advisors LP (3.69%), William Blair Investment Management LLC (2.74%), Sei Investments Co. (2.15%) and Geode Capital Management LLC (1.96%). Insiders that own company stock include Christine L Standish, Daniel A Halftermeyer, David M Pawlick and Robert Alan Hansen.
View institutional ownership trends
.

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 $87.00.

How much money does Albany International make?

Albany International (NYSE:AIN) has a market capitalization of $2.71 billion and generates $1.03 billion in revenue each year. The textile maker earns $95.76 million in net income (profit) each year or $3.04 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 3/27/2023 by MarketBeat.com Staff