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Albany International (AIN) Stock Price, News & Analysis

$90.67
+0.12 (+0.13%)
(As of 05/21/2024 ET)
Today's Range
$90.14
$90.96
50-Day Range
$79.75
$96.40
52-Week Range
$78.20
$99.41
Volume
67,265 shs
Average Volume
144,478 shs
Market Capitalization
$2.83 billion
P/E Ratio
25.47
Dividend Yield
1.15%
Price Target
$102.00

Albany International MarketRank™ Stock Analysis

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
12.5% Upside
$102.00 Price Target
Short Interest
Healthy
0.66% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.78mentions of Albany International in the last 14 days
Based on 4 Articles This Week
Insider Trading
Acquiring Shares
$190,290 Bought Last Quarter
Proj. Earnings Growth
20.26%
From $3.80 to $4.57 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.

4.38 out of 5 stars

Industrial Products Sector

32nd out of 154 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 machine clothing and engineered composites 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 the manufacturing of papers, paperboards, tissues, towels, pulps, nonwovens, building products, tannery, and textiles, as well as fiber cement and several other industrial applications. This segment offers paper machine clothing forming, pressing, and drying fabrics, as well as engineered processing 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, France, Brazil, China, Mexico, Germany, and internationally. The company was incorporated in 1895 and is headquartered in Rochester, New Hampshire.

AIN Stock Price History

AIN Stock News Headlines

Albany declares $0.26 dividend
Albany International Declares Dividend
Analyst Expectations For Albany Intl's Future
Q1 2024 Albany International Corp Earnings Call
Albany International Q1 Profit Increases, beats estimates
Albany International Schedules Earnings Release Date
Editorial Roundup: New York
Tesla settles race bias claims by Black former worker
See More Headlines
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Company Calendar

Ex-Dividend for 4/5 Dividend
3/14/2024
Dividend Payable
4/05/2024
Last Earnings
4/30/2024
Today
5/21/2024
Ex-Dividend for 7/8 Dividend
6/07/2024
Dividend Payable
7/08/2024
Next Earnings (Estimated)
7/24/2024
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
$102.00
High Stock Price Target
$120.00
Low Stock Price Target
$95.00
Potential Upside/Downside
+12.5%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 Analysts

Profitability

Net Income
$111.12 million
Pretax Margin
13.54%

Debt

Sales & Book Value

Annual Sales
$1.15 billion
Cash Flow
$6.57 per share
Book Value
$31.01 per share

Miscellaneous

Free Float
30,913,000
Market Cap
$2.83 billion
Optionable
Optionable
Beta
1.28
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Key Executives

  • Mr. Gunnar Kleveland (Age 54)
    President, CEO & Director
    Comp: $1.55M
  • Mr. Robert Daniel Starr (Age 56)
    Executive VP & CFO
    Comp: $1.16M
  • Mr. Joseph M. Gaug (Age 61)
    VP, Secretary & General Counsel
    Comp: $930.67k
  • Mr. Daniel A. HalftermeyerMr. Daniel A. Halftermeyer (Age 63)
    President of Machine Clothing
    Comp: $1.61M
  • Mr. Gregory N. Harwell (Age 60)
    President of Albany Engineered Composites
    Comp: $1.06M
  • Mr. John J. Tedone (Age 59)
    VP, Controller & Chief Accounting Officer
  • Mr. Robert A. HansenMr. Robert A. Hansen (Age 67)
    Senior VP & CTO
    Comp: $459.64k
  • Mr. John B. Hobbs
    Director of Investor Relations
  • Susan Siegel
    Vice President of Corporate Communications
  • Ms. Alice McCarvill (Age 59)
    Executive VP of Human Resources & Chief Human Resources Officer
    Comp: $646.94k

AIN Stock Analysis - Frequently Asked Questions

Should I buy or sell Albany International stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Albany International in the last twelve months. There are currently 1 sell rating, 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

5 equities research analysts have issued 12 month price targets for Albany International's shares. Their AIN share price targets range from $95.00 to $120.00. On average, they anticipate the company's stock price to reach $102.00 in the next year. This suggests a possible upside of 12.5% 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 at the beginning of 2024. Since then, AIN shares have decreased by 7.7% and is now trading at $90.67.
View the best growth stocks for 2024 here
.

Are investors shorting Albany International?

Albany International saw a decline in short interest in the month of April. As of April 30th, there was short interest totaling 205,100 shares, a decline of 8.0% from the April 15th total of 223,000 shares. Based on an average daily trading volume, of 153,800 shares, the days-to-cover ratio is currently 1.3 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 Wednesday, July 24th 2024.
View our AIN earnings forecast
.

How were Albany International's earnings last quarter?

Albany International Corp. (NYSE:AIN) released its quarterly earnings data on Tuesday, April, 30th. The textile maker reported $0.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.03. The textile maker earned $313.33 million during the quarter, compared to the consensus estimate of $313.41 million. Albany International had a trailing twelve-month return on equity of 13.40% and a net margin of 9.35%. The company's revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.91 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, May 10th. Shareholders of record on Friday, June 7th will be given a dividend of $0.26 per share on Monday, July 8th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Friday, June 7th.
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 1.15%. 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 29.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIN will have a dividend payout ratio of 22.76% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AIN.

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

Albany International issued an update on its FY 2024 earnings guidance on Monday, April, 29th. The company provided EPS guidance of 3.550-4.050 for the period, compared to the consensus estimate of 3.970. 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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.31%), Earnest Partners LLC (8.14%), Champlain Investment Partners LLC (3.23%), William Blair Investment Management LLC (2.25%), Sei Investments Co. (2.23%) and Westwood Holdings Group Inc. (2.21%). Insiders that own company stock include Christine L Standish, Daniel A Halftermeyer, Gunnar Kleveland, Robert Alan Hansen and Robert D Starr.
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 5/21/2024 by MarketBeat.com Staff

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