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DOW   38,989.83
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Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: World markets are lower after China unveils 5% economic growth target for 2024
Critical asset just had biggest fall on record (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: World markets are lower after China unveils 5% economic growth target for 2024
Critical asset just had biggest fall on record (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: World markets are lower after China unveils 5% economic growth target for 2024
Critical asset just had biggest fall on record (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
NYSE:AIN

Albany International (AIN) Stock Price, News & Analysis

$93.68
-0.16 (-0.17%)
(As of 03/4/2024 ET)
Today's Range
$93.26
$94.50
50-Day Range
$85.76
$98.91
52-Week Range
$78.20
$99.79
Volume
75,691 shs
Average Volume
122,874 shs
Market Capitalization
$2.92 billion
P/E Ratio
26.39
Dividend Yield
1.11%
Price Target
$115.67

Albany International MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
23.5% Upside
$115.67 Price Target
Short Interest
Healthy
0.92% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.89mentions of Albany International in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
23.65%
From $3.89 to $4.81 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.92 out of 5 stars

Industrial Products Sector

51st out of 175 stocks

Broadwoven Fabric Mills, Manmade Industry

1st out of 1 stocks


AIN stock logo

About Albany International Stock (NYSE:AIN)

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 Stock Price History

AIN Stock News Headlines

Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Albany International (NYSE:AIN) Shares Gap Up on Earnings Beat
Albany International Reports Fourth-Quarter 2023 Results
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Albany International Declares Dividend
Albany International Corp. Cl A
Deere (DE) Q1 Earnings and Revenues Top Estimates
Albany Engineered Composites to exhibit at JEC World 2024
Albany International Schedules Earnings Release Date
3 Rising Industrial Stocks for Positive Investments
Albany International Corp's Dividend Analysis
3 Industrial Stocks for a Strong Year-End Portfolio
Q3 2023 Albany International Corp Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 1/8 Dividend
12/18/2023
Dividend Payable
1/08/2024
Last Earnings
2/27/2024
Today
3/05/2024
Ex-Dividend for 4/5 Dividend
3/14/2024
Dividend Payable
4/05/2024
Next Earnings (Estimated)
4/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Broadwoven fabric mills, manmade
Sub-Industry
Industrial Machinery
CUSIP
01234810
Employees
5,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$115.67
High Stock Price Target
$121.00
Low Stock Price Target
$106.00
Potential Upside/Downside
+23.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$111.12 million
Pretax Margin
13.98%

Debt

Sales & Book Value

Annual Sales
$1.15 billion
Cash Flow
$6.52 per share
Book Value
$31.00 per share

Miscellaneous

Free Float
30,963,000
Market Cap
$2.92 billion
Optionable
Optionable
Beta
1.26
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Key Executives















AIN Stock Analysis - Frequently Asked Questions

Should I buy or sell Albany International stock right now?

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

What is Albany International's stock price target for 2024?

3 equities research analysts have issued 12-month price objectives for Albany International's shares. Their AIN share price targets range from $106.00 to $121.00. On average, they predict the company's stock price to reach $115.67 in the next twelve months. This suggests a possible upside of 23.5% 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 2024?

Albany International's stock was trading at $98.22 on January 1st, 2024. Since then, AIN shares have decreased by 4.6% and is now trading at $93.6850.
View the best growth stocks for 2024 here
.

Are investors shorting Albany International?

Albany International saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 285,900 shares, an increase of 7.7% from the January 31st total of 265,500 shares. Based on an average daily volume of 140,700 shares, the short-interest ratio is currently 2.0 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 Tuesday, April 23rd 2024.
View our AIN earnings forecast
.

How were Albany International's earnings last quarter?

Albany International Corp. (NYSE:AIN) issued its quarterly earnings data on Tuesday, February, 27th. The textile maker reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.38. The textile maker earned $323.60 million during the quarter, compared to analysts' expectations of $298.17 million. Albany International had a trailing twelve-month return on equity of 13.70% and a net margin of 9.68%. The company's revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.75 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 Friday, February 23rd. Investors of record on Friday, March 15th will be paid a dividend of $0.26 per share on Friday, April 5th. This represents a $1.04 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, March 14th.
Read our dividend analysis for AIN
.

Is Albany International a good dividend stock?

Albany International (NYSE:AIN) pays an annual dividend of $1.04 per share and currently has a dividend yield of 1.11%. The company has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 29.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIN will have a dividend payout ratio of 21.62% 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 updated its FY 2024 earnings guidance on Tuesday, February, 27th. The company provided EPS guidance of 3.550-4.050 for the period, compared to the consensus EPS estimate of 4.070. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 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).

Who are Albany International's major shareholders?

Albany International's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.28%), Dimensional Fund Advisors LP (3.32%), Westwood Holdings Group Inc. (2.15%), Sei Investments Co. (2.15%), Clearbridge Investments LLC (1.92%) and Principal Financial Group Inc. (1.90%). Insiders that own company stock include Christine L Standish, Daniel A Halftermeyer 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:AIN) was last updated on 3/5/2024 by MarketBeat.com Staff