Albany International - AIN Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Albany International in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street 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.
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3 analysts have issued 1-year price targets for Albany International's stock. Their AIN share price forecasts range from $85.00 to $110.00. On average, they expect the company's share price to reach $98.67 in the next twelve months. This suggests a possible upside of 12.1% from the stock's current price.
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Albany International's stock was trading at $98.59 at the start of the year. Since then, AIN stock has decreased by 10.7% and is now trading at $88.01.
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Albany International saw a drop in short interest during the month of March. As of March 15th, there was short interest totaling 336,100 shares, a drop of 19.4% from the February 28th total of 417,200 shares. Based on an average daily volume of 139,400 shares, the days-to-cover ratio is currently 2.4 days.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 24th 2023.
View our AIN earnings forecast.

Albany International Corp. (NYSE:AIN) announced its quarterly earnings data on Sunday, October, 24th. The textile maker reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.12. The textile maker earned $232.44 million during the quarter, compared to analysts' expectations of $221.76 million. Albany International had a trailing twelve-month return on equity of 14.31% and a net margin of 9.25%. During the same quarter last year, the company posted $0.96 earnings per share.

Albany International declared a quarterly dividend on Friday, February 24th. Investors of record on Friday, March 17th will be paid a dividend of $0.25 per share on Monday, April 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Thursday, March 16th.
Read our dividend analysis for AIN.

ETFs with the largest weight of Albany International (NYSE:AIN) stock in their portfolio include Invesco S&P SmallCap Industrials ETF (PSCI), Invesco S&P SmallCap Momentum ETF (XSMO), Invesco S&P SmallCap Quality ETF (XSHQ), Invesco S&P SmallCap Low Volatility ETF (XSLV), Vanguard S&P Small-Cap 600 Growth ETF (VIOG), iShares S&P Small-Cap 600 Growth ETF (IJT), SPDR S&P 600 Small Cap Growth ETF (SLYG) and Invesco DWA SmallCap Momentum ETF (DWAS).

Albany International (NYSE:AIN) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.17%. 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 32.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIN will have a dividend payout ratio of 24.69% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AIN.

Albany International issued an update on its FY 2023 earnings guidance on Tuesday, February, 14th. The company provided EPS guidance of $3.10-$3.60 for the period, compared to the consensus EPS estimate of $3.93. The company issued revenue guidance of $1.01 billion-$1.05 billion, compared to the consensus revenue estimate of $1.05 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "AIN."

Albany International's stock is owned by a number of retail and institutional investors. Top institutional investors include Earnest Partners LLC (9.18%), Bank of America Corp DE (4.58%), Dimensional Fund Advisors LP (3.69%), William Blair Investment Management LLC (2.74%), Sei Investments Co. (2.15%) and Geode Capital Management LLC (1.96%). Insiders that own company stock include Christine L Standish, Daniel A Halftermeyer, David M Pawlick 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AIN stock can currently be purchased for approximately $88.01.

Albany International (NYSE:AIN) has a market capitalization of $2.74 billion and generates $1.03 billion in revenue each year. The textile maker earns $95.76 million in net income (profit) each year or $3.04 on an earnings per share basis.

The company employs 4,100 workers across the globe.

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.