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 2 hold ratings and 1 buy rating 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 Wall Street analysts have issued 1-year target prices for Albany International's stock. Their AIN share price forecasts range from $101.00 to $110.00. On average, they anticipate the company's stock price to reach $105.33 in the next twelve months. This suggests a possible upside of 16.1% 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 8.0% and is now trading at $90.73.
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Albany International saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 239,800 shares, a decrease of 5.8% from the April 30th total of 254,500 shares. Based on an average daily trading volume, of 162,900 shares, the days-to-cover ratio is presently 1.5 days.
View Albany International's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, July 24th 2023.
View our AIN earnings forecast.

Albany International Corp. (NYSE:AIN) released its quarterly earnings results on Wednesday, April, 26th. The textile maker reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.06. The textile maker had revenue of $269.10 million for the quarter, compared to analyst estimates of $255.14 million. Albany International had a net margin of 8.96% and a trailing twelve-month return on equity of 14.14%. The company's revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 earnings per share.

Albany International announced a quarterly dividend on Friday, May 12th. Shareholders of record on Wednesday, June 7th will be paid a dividend of $0.25 per share on Monday, July 10th. This represents a $1.00 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Tuesday, June 6th.
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), SPDR S&P 600 Small Cap Growth ETF (SLYG), iShares S&P Small-Cap 600 Growth ETF (IJT), Vanguard S&P Small-Cap 600 Growth ETF (VIOG) and Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS).

Albany International (NYSE:AIN) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.18%. 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 33.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIN will have a dividend payout ratio of 23.92% 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 FY23 earnings guidance on Tuesday, April, 25th. The company provided EPS guidance of $3.10-$3.60 for the period, compared to the consensus EPS estimate of $3.64. The company issued revenue guidance of $1.01-$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 BlackRock Inc. (15.40%), Bank of America Corp DE (4.27%), Kayne Anderson Rudnick Investment Management LLC (3.72%), State Street Corp (3.45%), Dimensional Fund Advisors LP (3.45%) and William Blair Investment Management LLC (2.63%). Insiders that own company stock include Christine L Standish, Daniel A Halftermeyer, David M Pawlick and Robert Alan Hansen.
View institutional ownership trends.

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 $90.73.

Albany International (NYSE:AIN) has a market capitalization of $2.83 billion and generates $1.06 billion in revenue each year. The textile maker earns $95.76 million in net income (profit) each year or $3.03 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.