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NYSE:AINAlbany International Stock Price, Forecast & News

$71.35
+5.67 (+8.63 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$68.22
Now: $71.35
$74.24
50-Day Range
$44.86
MA: $52.88
$64.97
52-Week Range
$30.46
Now: $71.35
$92.04
Volume314,406 shs
Average Volume286,753 shs
Market Capitalization$2.30 billion
P/E Ratio20.56
Dividend Yield1.16%
Beta1.54
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.1Community Rank: 2.3Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.81 out of 5 stars


Industry, Sector and Symbol

Industry Broadwoven fabric mills, manmade
Sub-IndustryIndustrial Machinery
CUSIP01234810
Phone603-330-5850

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.05 billion
Cash Flow$7.00 per share
Book Value$21.75 per share

Profitability

Net Income$132.40 million

Miscellaneous

Employees4,600
Market Cap$2.30 billion
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, AIN stock has increased by 23.7% and is now trading at $71.35. 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 5 hold ratings and 2 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) released its earnings results on Wednesday, April, 29th. The textile maker reported $0.78 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.61 by $0.17. The textile maker had revenue of $235.76 million for 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. Investors of record on Friday, June 5th will be given a dividend of $0.19 per share on Friday, July 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, June 4th. View Albany International's dividend history.

What price target have analysts set for AIN?

7 Wall Street analysts have issued 1 year target prices for Albany International's stock. Their forecasts range from $41.00 to $90.00. On average, they anticipate Albany International's share price to reach $67.67 in the next year. This suggests that the stock has a possible downside of 5.2%. View analysts' price targets for Albany International.

Has Albany International been receiving favorable news coverage?

News articles about AIN stock have trended extremely negative on Saturday, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Albany International earned a news impact score of -5.0 on InfoTrie's scale. They also assigned news articles about the textile maker a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the next several days. View the latest news aboutAlbany International.

Are investors shorting Albany International?

Albany International saw a increase in short interest in 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 short-interest ratio is presently 2.3 days. Approximately 2.5% of the shares of the stock are sold short. View Albany International's Current Options Chain.

Who are some of Albany International's key 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 number of institutional and retail investors. Top institutional shareholders 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. View insider buying and selling activity 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 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 $71.35.

How big of a company is Albany International?

Albany International has a market capitalization of $2.30 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 6/6/2020 by MarketBeat.com Staff

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