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NYSE:AIN

Albany International - AIN Stock Forecast, Price & News

$112.15
+3.81 (+3.52%)
(As of 01/31/2023 12:00 AM ET)
Add
Compare
Today's Range
$109.00
$112.46
50-Day Range
$96.64
$109.29
52-Week Range
$75.24
$112.46
Volume
118,844 shs
Average Volume
94,872 shs
Market Capitalization
$3.49 billion
P/E Ratio
33.58
Dividend Yield
0.93%
Price Target
$96.50

Albany International MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
14.0% Downside
$96.50 Price Target
Short Interest
Healthy
0.99% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.46mentions of Albany International in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.67%
From $3.75 to $3.85 Per Share

Overall MarketRank

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

1.97 out of 5 stars

Industrial Products Sector

127th out of 188 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

Albany Intl: Dividend Insights
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
Albany International Increases Dividend
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
Albany International Reports Third-Quarter 2022 Results
Earnings Preview: Albany International
Albany International is Oversold
AIN Albany International Corp.
Albany International Corp
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
Today
1/31/2023
Next Earnings (Confirmed)
2/13/2023
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
$96.50
High Stock Price Forecast
$110.00
Low Stock Price Forecast
$85.00
Forecasted Upside/Downside
-14.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
4 Analysts

Profitability

Net Income
$118.48 million
Pretax Margin
13.93%

Debt

Sales & Book Value

Annual Sales
$929.24 million
Cash Flow
$6.15 per share
Book Value
$27.34 per share

Miscellaneous

Free Float
30,929,000
Market Cap
$3.49 billion
Optionable
Optionable
Beta
1.28

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?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Albany International in the last twelve months. There are currently 4 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?

4 brokers have issued 1-year price objectives for Albany International's shares. Their AIN share price forecasts range from $85.00 to $110.00. On average, they expect the company's stock price to reach $96.50 in the next year. This suggests that the stock has a possible downside of 10.9%.
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 increased by 9.9% and is now trading at $108.34.
View the best growth stocks for 2023 here
.

Are investors shorting Albany International?

Albany International saw a decrease in short interest during the month of January. As of January 15th, there was short interest totaling 306,600 shares, a decrease of 37.1% from the December 31st total of 487,200 shares. Based on an average daily volume of 115,300 shares, the days-to-cover ratio is presently 2.7 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, February 13th 2023.
View our AIN earnings forecast
.

How can I listen to Albany International's earnings call?

Albany International will be holding an earnings conference call on Tuesday, February 14th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Albany International's earnings last quarter?

Albany International Corp. (NYSE:AIN) posted its quarterly earnings results on Sunday, October, 24th. The textile maker reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.12. The textile maker earned $232.44 million during the quarter, compared to the consensus estimate of $221.76 million. Albany International had a net margin of 10.56% and a trailing twelve-month return on equity of 14.83%. During the same period in the prior year, the business posted $0.96 EPS.

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

Albany International declared a quarterly dividend on Friday, December 9th. Stockholders of record on Tuesday, December 27th will be given a dividend of $0.25 per share on Monday, January 9th. This represents a $1.00 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Friday, December 23rd. This is a boost from the stock's previous quarterly dividend of $0.21.
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 0.92%. 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 29.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIN will have a dividend payout ratio of 25.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AIN.

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 investors include New York State Common Retirement Fund (0.98%), Natixis Advisors L.P. (0.95%), Scout Investments Inc. (0.33%), Moody Aldrich Partners LLC (0.22%), Assenagon Asset Management S.A. (0.22%) and Rice Hall James & Associates LLC (0.20%). 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 $108.34.

How much money does Albany International make?

Albany International (NYSE:AIN) has a market capitalization of $3.37 billion and generates $1.01 billion in revenue each year. The textile maker earns $118.48 million in net income (profit) each year or $3.34 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 1/31/2023 by MarketBeat.com Staff