NYSE:AIN

Albany International (AIN) Stock Price, News & Analysis

$87.80
-0.28 (-0.32%)
(As of 03:12 PM ET)
Today's Range
$87.20
$88.27
50-Day Range
$87.57
$96.40
52-Week Range
$78.20
$99.41
Volume
50,455 shs
Average Volume
136,418 shs
Market Capitalization
$2.74 billion
P/E Ratio
24.73
Dividend Yield
1.18%
Price Target
$110.50

Albany International MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
26.3% Upside
$110.50 Price Target
Short Interest
Healthy
0.80% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.13mentions of Albany International in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
17.30%
From $3.93 to $4.61 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.

4.37 out of 5 stars

Industrial Products Sector

29th out of 168 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

This Apple-like Innovator is Revolutionizing Healthcare
AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing. Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.
Albany International Schedules Earnings Release Date
This Apple-like Innovator is Revolutionizing Healthcare
AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing. Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.
Editorial Roundup: New York
Tesla settles race bias claims by Black former worker
Albany International Reports Fourth-Quarter 2023 Results
Albany International Declares Dividend
Albany International Corp. Cl A
Deere (DE) Q1 Earnings and Revenues Top Estimates
See More Headlines
Receive AIN Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Albany International and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
2/27/2024
Ex-Dividend for 4/5 Dividend
3/14/2024
Dividend Payable
4/05/2024
Today
4/24/2024
Next Earnings (Confirmed)
4/29/2024
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
$110.50
High Stock Price Target
$121.00
Low Stock Price Target
$95.00
Potential Upside/Downside
+25.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 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
$31.01 per share

Miscellaneous

Free Float
30,913,000
Market Cap
$2.75 billion
Optionable
Optionable
Beta
1.26
7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google Cover

Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.

Get This Free Report

Key Executives


AIN Stock Analysis - 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 1 sell rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" AIN shares.
View AIN analyst ratings
or view top-rated stocks.

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

4 equities research analysts have issued 1 year target prices for Albany International's shares. Their AIN share price targets range from $95.00 to $121.00. On average, they predict the company's share price to reach $110.50 in the next year. This suggests a possible upside of 26.3% 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 start of the year. Since then, AIN shares have decreased by 10.9% and is now trading at $87.49.
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 March. As of March 31st, there was short interest totaling 250,500 shares, a decline of 23.8% from the March 15th total of 328,700 shares. Based on an average daily volume of 129,600 shares, the short-interest ratio is presently 1.9 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 29th 2024.
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, April 30th 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) issued its earnings results on Tuesday, February, 27th. The textile maker reported $1.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.38. The textile maker had revenue of $323.60 million for the quarter, compared to the consensus estimate 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 business's quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.75 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 23rd. Shareholders 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 1.19%. The ex-dividend date 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 1.19%. 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 22.56% 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?

ETFs with the largest weight of Albany International (NYSE:AIN) stock in their portfolio include Invesco S&P SmallCap Industrials ETF (PSCI) and Harbor Corporate Culture Small Cap ETF (HAPS).SPDR S&P 600 Small Cap ETF (SLY).

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

Albany International issued an update on 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 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 many different institutional and retail investors. Top institutional investors include Wasatch Advisors LP (0.84%), Raymond James & Associates (0.38%), Assenagon Asset Management S.A. (0.25%), Rice Hall James & Associates LLC (0.17%), West Coast Financial LLC (0.14%) and Gilman Hill Asset Management LLC (0.13%). 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 4/24/2024 by MarketBeat.com Staff

From Our Partners