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NYSE:AIN

Albany International Stock Forecast, Price & News

$50.94
+1.44 (+2.91 %)
(As of 10/30/2020 12:00 AM ET)
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Today's Range
$49.41
Now: $50.94
$51.20
50-Day Range
$49.50
MA: $52.73
$56.37
52-Week Range
$30.46
Now: $50.94
$87.04
Volume147,911 shs
Average Volume152,300 shs
Market Capitalization$1.65 billion
P/E Ratio16.49
Dividend Yield1.49%
Beta1.37
Albany International Corp. engages in the textile and materials processing 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 manufacturing papers, paperboards, tissues, and towels. This segment offers forming, pressing, and drying fabrics, as well as process belts. It also provides customized and consumable fabrics that are used in the manufacturing process in the pulp, corrugator, nonwovens, fiber cement, building products, tannery, and textile industries. This segment sells its products directly to end-user customers. The AEC segment designs, develops, and manufactures composite structures primarily to customers in the commercial and defense aerospace industries. The company operates in the United States, Switzerland, France, Brazil, China, Mexico, and internationally. Albany International Corp. was founded in 1895 and is headquartered in Rochester, New Hampshire.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.89 out of 5 stars

Industry, Sector and Symbol

Industry Broadwoven fabric mills, manmade
Sub-IndustryIndustrial Machinery
CUSIP01234810
Phone603-330-5850
Employees4,600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.05 billion
Cash Flow$6.30 per share
Book Value$21.75 per share

Profitability

Net Income$132.40 million

Miscellaneous

Market Cap$1.65 billion
Next Earnings Date2/8/2021 (Estimated)
OptionableOptionable
$50.94
+1.44 (+2.91 %)
(As of 10/30/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Albany International (NYSE:AIN) Frequently Asked Questions

How has Albany International's stock been impacted by Coronavirus (COVID-19)?

Albany International's stock was trading at $57.70 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, AIN shares have decreased by 11.7% and is now trading at $50.94.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Albany International?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Albany International in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Albany International
.

When is Albany International's next earnings date?

Albany International is scheduled to release its next quarterly earnings announcement on Monday, February 8th 2021.
View our earnings forecast for Albany International
.

How were Albany International's earnings last quarter?

Albany International Corp. (NYSE:AIN) posted its quarterly earnings data on Monday, November, 2nd. The textile maker reported $0.96 EPS for the quarter, beating the Zacks' consensus estimate of $0.65 by $0.31. Albany International had a return on equity of 17.75% and a net margin of 10.76%.
View Albany International's earnings history
.

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

Albany International announced a quarterly dividend on Tuesday, September 1st. Investors of record on Tuesday, September 8th will be paid a dividend of $0.19 per share on Wednesday, October 7th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Friday, September 4th.
View Albany International's dividend history
.

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

Albany International issued an update on its FY 2020 After-Hours earnings guidance on Wednesday, October, 28th. The company provided earnings per share guidance of 3.35-3.45 for the period, compared to the Thomson Reuters consensus estimate of $306.00. The company issued revenue guidance of $870-890 million, compared to the consensus revenue estimate of $881.5 million.

What price target have analysts set for AIN?

6 analysts have issued 12-month target prices for Albany International's stock. Their forecasts range from $57.00 to $91.00. On average, they expect Albany International's share price to reach $70.50 in the next twelve months. This suggests a possible upside of 38.4% from the stock's current price.
View analysts' price targets for Albany International
.

Are investors shorting Albany International?

Albany International saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 659,600 shares, an increase of 20.3% from the August 31st total of 548,300 shares. Based on an average daily trading volume, of 261,900 shares, the short-interest ratio is currently 2.5 days. Currently, 2.2% of the shares of the company are sold short.
View Albany International's Short Interest
.

Who are some of Albany International's key competitors?

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 Group (MRVL), NVIDIA (NVDA), Bank of America (BAC), Intel (INTC), Micron Technology (MU), Bristol-Myers Squibb (BMY), The Walt Disney (DIS), Enterprise Products Partners (EPD) and KLA (KLAC).

Who are Albany International's key executives?

Albany International's management team includes the following people:
  • Mr. Andrew William Higgins, Pres, CEO & Director (Age 62, Pay $151.82k)
  • Mr. Stephen M. Nolan, CFO & Treasurer (Age 51, Pay $983.29k)
  • Ms. Alice McCarvill, Exec. VP of HR & Chief HR Officer (Age 55, Pay $594.56k)
  • Mr. Daniel A. Halftermeyer, Pres of Machine Clothing (Age 59, Pay $1.3M)
  • Mr. Robert A. Hansen, Sr. VP & CTO (Age 63)
  • Mr. John B. Hobbs, Director of Investor Relations
  • Mr. Joseph M. Gaug, VP, Sec. & Gen. Counsel (Age 57)
  • Susan Siegel, VP of Corp. Communications
  • Mr. David M. Pawlick, VP & Controller (Age 59)
  • Mr. Gregory N. Harwell, Pres of Albany Engineered Composites (Age 56)

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 many different institutional and retail investors. Top institutional shareholders include Scout Investments Inc. (0.30%), Envestnet Asset Management Inc. (0.23%), Comerica Bank (0.11%), State of Alaska Department of Revenue (0.09%), BBVA USA Bancshares Inc. (0.08%) and Fruth Investment Management (0.07%). Company insiders that own Albany International stock include Christine L Standish and Robert Alan Hansen.
View institutional ownership trends for Albany International
.

Which major investors are selling Albany International stock?

AIN stock was sold by a variety of institutional investors in the last quarter, including Comerica Bank, BBVA USA Bancshares Inc., Gilman Hill Asset Management LLC, Scout Investments Inc., First Bank & Trust, Fruth Investment Management, and State of Alaska Department of Revenue.
View insider buying and selling activity for Albany International
.

Which major investors are buying Albany International stock?

AIN stock was acquired by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., Dupont Capital Management Corp, Cascade Investment Advisors Inc., Campbell & CO Investment Adviser LLC, Louisiana State Employees Retirement System, BNP Paribas Arbitrage SA, Assenagon Asset Management S.A., and Integrated Investment Consultants LLC.
View insider buying and selling activity for Albany International
.

How do I buy shares of Albany International?

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

What is Albany International's stock price today?

One share of AIN stock can currently be purchased for approximately $50.94.

How big of a company is Albany International?

Albany International has a market capitalization of $1.65 billion and generates $1.05 billion in revenue each year. The textile maker earns $132.40 million in net income (profit) each year or $4.11 on an earnings per share basis. Albany International employs 4,600 workers across the globe.

What is Albany International's official website?

The official website for Albany International is www.albint.com.

How can I contact Albany International?

Albany International's mailing address is 216 AIRPORT DRIVE, ROCHESTER NH, 03867. The textile maker can be reached via phone at 603-330-5850 or via email at [email protected]

This page was last updated on 10/31/2020 by MarketBeat.com Staff

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