Albany International (AIN) Stock Price, News & Analysis

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Albany International in the last year. There are currently 1 sell rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" AIN shares.
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4 brokerages have issued twelve-month target prices for Albany International's stock. Their AIN share price targets range from $95.00 to $121.00. On average, they predict the company's stock price to reach $110.50 in the next year. This suggests a possible upside of 25.2% from the stock's current price.
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Albany International's stock was trading at $98.22 on January 1st, 2024. Since then, AIN shares have decreased by 10.2% and is now trading at $88.23.
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Albany International saw a decrease in short interest in March. As of March 31st, there was short interest totaling 250,500 shares, a decrease of 23.8% from the March 15th total of 328,700 shares. Based on an average daily volume of 129,600 shares, the days-to-cover ratio is currently 1.9 days.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 29th 2024.
View our AIN earnings forecast.

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.

Albany International Corp. (NYSE:AIN) announced its quarterly earnings data on Tuesday, February, 27th. The textile maker reported $1.22 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 9.68% and a trailing twelve-month return on equity of 13.70%. The company's revenue for the quarter was up 20.4% on a year-over-year basis. During the same period last year, the business posted $0.75 EPS.

Albany International announced a quarterly dividend on Friday, February 23rd. Stockholders 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 yield of 1.18%. The ex-dividend date is Thursday, March 14th.
Read our dividend analysis for AIN.

Albany International (NYSE:AIN) pays an annual dividend of $1.04 per share and currently has a dividend yield of 1.18%. 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.

ETFs with the largest weight of Albany International (NYSE:AIN) stock in their portfolio include Gabelli Commercial Aerospace & Defense ETF (GCAD), Invesco S&P SmallCap Industrials ETF (PSCI) and iShares S&P Small-Cap 600 Growth ETF (IJT).SPDR S&P 600 Small Cap ETF (SLY).

Albany International updated its FY 2024 earnings guidance on Tuesday, February, 27th. The company provided earnings per share (EPS) guidance of 3.550-4.050 for the period, compared to the consensus earnings per share 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.

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.

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).

Albany International's stock is owned by a number of retail and institutional investors. Top institutional investors include Wasatch Advisors LP (0.84%), West Coast Financial LLC (0.14%), Gilman Hill Asset Management LLC (0.13%), Bridge City Capital LLC (0.11%), State of Alaska Department of Revenue (0.06%) and Diversified Trust Co (0.03%). Insiders that own company stock include Christine L Standish, Daniel A Halftermeyer and Robert Alan Hansen.
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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.
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