NYSE:AINAlbany International Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Albany International Corp. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $60.30 -2.13 (-3.41 %) (As of 05/29/2020 04:00 PM ET) Add Compare Share Today's Range$59.57Now: $60.30▼$61.5550-Day Range$44.59MA: $50.85▼$64.9752-Week Range$30.46Now: $60.30▼$92.04Volume222,540 shsAverage Volume214,724 shsMarket Capitalization$1.95 billionP/E Ratio17.38Dividend Yield1.22%Beta1.5 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Albany International Corp. engages in the textile and materials processing 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. This segment offers forming, pressing, and dryer fabrics, as well as 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. This segment sells its products directly to end-user customers. The AEC segment designs, develops, and manufactures composite structures primarily to customers in the commercial and defense aerospace industry. The company operates in the United States, Switzerland, France, Brazil, China, Mexico, and internationally. Albany International Corp. was founded in 1895 and is headquartered in Rochester, New Hampshire.Read More Beat the Market (BTM) Rank™ 2.2 Analyst's Opinion Consensus RatingAlbany International has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 3 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $68.17, Albany International has a potential upside of 13.0% from its current price of $60.30.Amount of Analyst CoverageAlbany International has only been the subject of 4 research reports in the past 90 days. Previous Next 2.3 Community Rank Outperform VotesAlbany International has received 205 “outperform” votes. (Add your “outperform” vote.)Underperform VotesAlbany International has received 242 “underperform” votes. (Add your “underperform” vote.)Community SentimentAlbany International has received 54.14% “underperform” votes from our community.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. Previous Next 3.3 Dividend Strength Dividend LeadershipAlbany International is a leading dividend payer. It pays a dividend yield of 1.22%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthAlbany International has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Albany International is 18.49 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Albany International will have a dividend payout ratio of 24.52 % next year. This indicates that Albany International will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Albany International insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 5.73% of the stock of Albany International is held by insiders.Percentage Held by Institutions92.72% of the stock of Albany International is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Albany International are expected to grow by 13.14% in the coming year, from $2.74 to $3.10 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Albany International is 17.38, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.61.Price to Earnings Ratio vs. SectorThe P/E ratio of Albany International is 17.38, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 18.46.Price to Book Value per Share RatioAlbany International has a P/B Ratio of 2.91. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.2Community Rank: 2.3Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.02 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Broadwoven fabric mills, manmade Sub-IndustryIndustrial Machinery SectorIndustrial Products Current SymbolNYSE:AIN Previous Symbol CUSIP01234810 CIK819793 Webwww.albint.com Phone603-330-5850Debt Debt-to-Equity Ratio0.73 Current Ratio3.76 Quick Ratio3.13Price-To-Earnings Trailing P/E Ratio17.38 Forward P/E Ratio22.01 P/E GrowthN/A Sales & Book Value Annual Sales$1.05 billion Price / Sales1.85 Cash Flow$6.10 per share Price / Cash Flow9.89 Book Value$20.73 per share Price / Book2.91Profitability EPS (Most Recent Fiscal Year)$4.11 Net Income$132.40 million Net Margins10.81% Return on Equity19.36% Return on Assets8.93%Miscellaneous Employees4,600 Outstanding Shares32,300,000Market Cap$1.95 billion Next Earnings Date8/4/2020 (Estimated) OptionableOptionable AIN Rates by TradingView Receive AIN News and Ratings via Email Sign-up to receive the latest news and ratings for AIN and its competitors with MarketBeat's FREE daily newsletter. Albany International (NYSE:AIN) Frequently Asked Questions How has Albany International's stock been impacted by COVID-19 (Coronavirus)? Albany International's stock was trading at $57.70 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, AIN stock has increased by 4.5% and is now trading at $60.30. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Albany International? 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Albany International in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Albany International. When is Albany International's next earnings date? Albany International is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Albany International. How were Albany International's earnings last quarter? Albany International Corp. (NYSE:AIN) announced its quarterly earnings data on Wednesday, April, 29th. The textile maker reported $0.78 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.61 by $0.17. The textile maker earned $235.76 million during the quarter, compared to analysts' expectations of $224.25 million. Albany International had a net margin of 10.81% and a return on equity of 19.36%. View Albany International's earnings history. How often does Albany International pay dividends? What is the dividend yield for Albany International? Albany International announced a quarterly dividend on Friday, May 15th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.19 per share on Friday, July 10th. This represents a $0.76 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Thursday, June 4th. View Albany International's dividend history. What price target have analysts set for AIN? 7 equities research analysts have issued 12-month target prices for Albany International's stock. Their forecasts range from $41.00 to $90.00. On average, they expect Albany International's share price to reach $68.17 in the next twelve months. This suggests a possible upside of 13.0% from the stock's current price. View analysts' price targets for Albany International. Has Albany International been receiving favorable news coverage? News articles about AIN stock have been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Albany International earned a news impact score of -1.1 on InfoTrie's scale. They also assigned press coverage about the textile maker a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutAlbany International. Are investors shorting Albany International? Albany International saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 745,200 shares, an increase of 15.6% from the April 30th total of 644,900 shares. Based on an average trading volume of 325,000 shares, the days-to-cover ratio is currently 2.3 days. Currently, 2.5% of the company's stock are short sold. View Albany International's Current Options Chain. Who are some of Albany International's key competitors? Some companies that are related to Albany International include Illinois Tool Works (ITW), Parker-Hannifin (PH), Stanley Black & Decker (SWK), Dover (DOV), Xylem (XYL), Ingersoll-Rand (IR), IDEX (IEX), Nordson (NDSN), Graco (GGG), Snap-on (SNA), Pentair (PNR), Donaldson (DCI), Gardner Denver (GDI), ITT (ITT) and Lincoln Electric (LECO). View all competitors. 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), AT&T (T), Bank of America (BAC), salesforce.com (CRM), Enterprise Products Partners (EPD), Home Depot (HD), Marvell Technology Group (MRVL), NVIDIA (NVDA), Starbucks (SBUX) and Arrowhead Pharmaceuticals (ARWR). Who are Albany International's key executives? Albany International's management team includes the following people: Mr. Olivier M. Jarrault, CEO & Pres (Age 58)Mr. Robert A. Hansen, Sr. VP & CTO (Age 62)Mr. Charles J. Silva Jr., VP, Gen. Counsel & Sec. (Age 60)Mr. Daniel A. Halftermeyer, Pres of Machine Clothing (Age 58)Mr. Stephen M. Nolan, CFO & Treasurer (Age 50) What is Albany International's stock symbol? Albany International trades on the New York Stock Exchange (NYSE) under the ticker symbol "AIN." Who are Albany International's major shareholders? Albany International's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.26%), State Street Corp (2.95%), TimesSquare Capital Management LLC (2.86%), Principal Financial Group Inc. (2.84%), Conestoga Capital Advisors LLC (2.58%) and Loomis Sayles & Co. L P (2.41%). Company insiders that own Albany International stock include Christine L Standish, 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 Victory Capital Management Inc., Victory Capital Management Inc., Morgan Stanley, Morgan Stanley, BlackRock Inc., Conestoga Capital Advisors LLC, First Trust Advisors LP, and Engineers Gate Manager LP. Company insiders that have sold Albany International company stock in the last year include Christine L Standish, and Robert Alan Hansen. View insider buying and selling activity for Albany International. Which major investors are buying Albany International stock? AIN stock was bought by a variety of institutional investors in the last quarter, including Schroder Investment Management Group, Champlain Investment Partners LLC, Principal Financial Group Inc., TimesSquare Capital Management LLC, Wellington Management Group LLP, Wells Fargo & Company MN, William Blair Investment Management LLC, and West Coast Financial LLC. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab. What is Albany International's stock price today? One share of AIN stock can currently be purchased for approximately $60.30. How big of a company is Albany International? Albany International has a market capitalization of $1.95 billion and generates $1.05 billion in revenue each year. The textile maker earns $132.40 million in net income (profit) each year or $4.11 on an earnings per share basis. Albany International employs 4,600 workers across the globe. What is Albany International's official website? The official website for Albany International is www.albint.com. 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 603-330-5850 or via email at [email protected] This page was last updated on 5/30/2020 by MarketBeat.com Staff
