Albany International - AIN Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Albany International in the last year. There are currently 4 hold ratings for the stock. The consensus among Wall Street 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.
View AIN analyst ratings or view top-rated stocks.

4 analysts have issued 12 month price objectives for Albany International's shares. Their AIN share price forecasts range from $85.00 to $110.00. On average, they anticipate the company's share price to reach $96.50 in the next year. This suggests that the stock has a possible downside of 14.5%.
View analysts price targets for AIN or view top-rated stocks among Wall Street analysts.

Albany International's stock was trading at $98.59 at the beginning of the year. Since then, AIN stock has increased by 14.5% and is now trading at $112.89.
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Albany International saw a drop in short interest during the month of January. As of January 15th, there was short interest totaling 306,600 shares, a drop of 37.1% from the December 31st total of 487,200 shares. Based on an average daily volume of 115,300 shares, the days-to-cover ratio is presently 2.7 days.
View Albany International's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, February 13th 2023.
View our AIN earnings forecast.

Albany International will be holding an earnings conference call on Tuesday, February 14th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Albany International Corp. (NYSE:AIN) posted its earnings results on Sunday, October, 24th. The textile maker reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.12. The textile maker earned $232.44 million during the quarter, compared to the consensus estimate of $221.76 million. Albany International had a trailing twelve-month return on equity of 14.83% and a net margin of 10.56%. During the same quarter in the previous year, the business earned $0.96 earnings per share.

Albany International announced a quarterly dividend on Friday, December 9th. Investors of record on Tuesday, December 27th will be paid a dividend of $0.25 per share on Monday, January 9th. This represents a $1.00 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Friday, December 23rd. This is a boost from the stock's previous quarterly dividend of $0.21.
Read our dividend analysis for AIN.

Albany International (NYSE:AIN) pays an annual dividend of $1.00 per share and currently has a dividend yield of 0.92%. 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 29.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIN will have a dividend payout ratio of 25.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AIN.

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 variety of retail and institutional investors. Top institutional shareholders include Pembroke Management LTD (1.08%), New York State Common Retirement Fund (0.98%), Natixis Advisors L.P. (0.95%), Scout Investments Inc. (0.33%), Moody Aldrich Partners LLC (0.22%) and Assenagon Asset Management S.A. (0.22%). 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 $112.89.

Albany International (NYSE:AIN) has a market capitalization of $3.51 billion and generates $929.24 million in revenue each year. The textile maker earns $118.48 million in net income (profit) each year or $3.34 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.