Albany International Corp. engages in textile and materials processing businesses worldwide. The company operates through two segments, Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment designs, manufactures, and markets paper machine clothing. This segment offers forming, pressing, dryer fabrics, and process belts. It also provides customized and consumable fabrics that are used in the manufacturing process in the pulp, corrugator, nonwovens, fiber cement, building products, tannery, and textile industries; and sells its products directly to end-user customers. The AEC segment designs, manufactures, and markets composite structures primarily to customers in the aerospace and defense industries. Albany International Corp. was founded in 1895 and is headquartered in Rochester, New Hampshire.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Broadwoven fabric mills, manmade
Sub-IndustryIndustrial Machinery
SectorIndustrial Products
SymbolNYSE:AIN
CUSIP01234810
Phone518-445-2200
Debt
Debt-to-Equity Ratio0.88
Current Ratio2.99
Quick Ratio2.49
Price-To-Earnings
Trailing P/E Ratio47.95
Forward P/E Ratio33.07
P/E GrowthN/A
Sales & Book Value
Annual Sales$863.72 million
Price / Sales2.87
Cash Flow$4.0361 per share
Price / Cash19.09
Book Value$17.80 per share
Price / Book4.33
Profitability
EPS (Most Recent Fiscal Year)$1.61
Net Income$33.11 million
Net Margins6.38%
Return on Equity13.03%
Return on Assets5.48%
Miscellaneous
Employees4,400
Outstanding Shares32,200,000
Market Cap$2.45 billion
Albany International (NYSE:AIN) Frequently Asked Questions
What is Albany International's stock symbol?
Albany International trades on the New York Stock Exchange (NYSE) under the ticker symbol "AIN."
How often does Albany International pay dividends? What is the dividend yield for Albany International?
Albany International declared a quarterly dividend on Friday, May 11th. Investors of record on Thursday, June 7th will be given a dividend of $0.17 per share on Monday, July 9th. This represents a $0.68 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Wednesday, June 6th. View Albany International's Dividend History.
How were Albany International's earnings last quarter?
Albany International Corp. (NYSE:AIN) released its quarterly earnings data on Monday, August, 6th. The textile maker reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.28. The textile maker earned $256.23 million during the quarter, compared to analyst estimates of $233.50 million. Albany International had a return on equity of 13.03% and a net margin of 6.38%. During the same quarter in the previous year, the business earned $0.48 earnings per share. View Albany International's Earnings History.
When is Albany International's next earnings date?
What price target have analysts set for AIN?
2 Wall Street analysts have issued 12 month price objectives for Albany International's shares. Their predictions range from $64.00 to $64.00. On average, they anticipate Albany International's share price to reach $64.00 in the next twelve months. This suggests that the stock has a possible downside of 16.9%. View Analyst Price Targets for Albany International.
What is the consensus analysts' recommendation for Albany International?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Albany International in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Albany International.
Who are some of Albany International's key competitors?
Some companies that are related to Albany International include Avery Dennison (AVY), ASAHI GLASS/ADR (ASGLY), AB SKF (SKFRY), Zebra Technologies (ZBRA), Alcoa (AA), HD Supply (HDS), Graco (GGG), Fortune Brands Home & Security (FBHS), Allegion (ALLE), Nordson (NDSN), Alstom (ALO), Pentair (PNR), KION Grp AG/ADR (KIGRY), GEA Group Aktiengesellschaft (GEAGY) and Halma (HLMAF).
Who are Albany International's key executives?
Albany International's management team includes the folowing people:
- Dr. Joseph G. Morone, Pres, CEO & Exec. Director (Age 65)
- Mr. John B. Cozzolino, CFO & Treasurer (Age 52)
- Mr. Robert A. Hansen, Sr. VP & CTO (Age 61)
- Mr. Daniel A. Halftermeyer, Pres of Machine Clothing (Age 57)
- Mr. Olivier M. Jarrault, CEO, Pres & Director (Age 57)
Has Albany International been receiving favorable news coverage?
News articles about AIN stock have trended somewhat positive this week, according to Accern Sentiment. The research group identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Albany International earned a media and rumor sentiment score of 0.09 on Accern's scale. They also gave news headlines about the textile maker an impact score of 47.21 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near future. View Recent Headlines for Albany International.
Who are Albany International's major shareholders?
Albany International's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (12.38%), Dimensional Fund Advisors LP (4.68%), Brown Advisory Inc. (4.65%), Earnest Partners LLC (4.51%), Renaissance Technologies LLC (1.95%) and Bank of New York Mellon Corp (1.36%). Company insiders that own Albany International stock include Daniel A Halftermeyer, Dawne H Wimbrow and Robert Alan Hansen. View Institutional Ownership Trends for Albany International.
Which major investors are selling Albany International stock?
AIN stock was sold by a variety of institutional investors in the last quarter, including United Services Automobile Association, Aristotle Capital Boston LLC, WINTON GROUP Ltd, Granahan Investment Management Inc. MA, Renaissance Technologies LLC, Rice Hall James & Associates LLC, Tower Research Capital LLC TRC and BNP Paribas Arbitrage SA. Company insiders that have sold Albany International company stock in the last year include Dawne H Wimbrow and Robert Alan Hansen. View Insider Buying and Selling for Albany International.
Which major investors are buying Albany International stock?
AIN stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Sei Investments Co., Bank of America Corp DE, Pembroke Management LTD, Mesirow Financial Investment Management Equity Management, Engineers Gate Manager LP, Citadel Advisors LLC and Schwab Charles Investment Management Inc.. View Insider Buying and Selling for Albany International.
How do I buy shares of Albany International?
Shares of AIN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Albany International's stock price today?
One share of AIN stock can currently be purchased for approximately $77.05.
How big of a company is Albany International?
Albany International has a market capitalization of $2.45 billion and generates $863.72 million in revenue each year. The textile maker earns $33.11 million in net income (profit) each year or $1.61 on an earnings per share basis. Albany International employs 4,400 workers across the globe.
How can I contact Albany International?
Albany International's mailing address is 216 AIRPORT DRIVE, ROCHESTER NH, 03867. The textile maker can be reached via phone at 518-445-2200 or via email at [email protected]
MarketBeat Community Rating for Albany International (NYSE AIN)
MarketBeat's community ratings are surveys of what our community members think about Albany International and other stocks. Vote "Outperform" if you believe AIN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AIN will underperform the S&P 500 over the long term. You may vote once every thirty days.
