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
Current SymbolNYSE:AIN
Previous Symbol
CUSIP01234810
Phone603-330-5850
Debt
Debt-to-Equity Ratio0.87
Current Ratio2.90
Quick Ratio2.41
Price-To-Earnings
Trailing P/E Ratio44.09
Forward P/E Ratio27.94
P/E GrowthN/A
Sales & Book Value
Annual Sales$863.72 million
Price / Sales2.65
Cash Flow$3.9021 per share
Price / Cash18.19
Book Value$18.90 per share
Price / Book3.76
Profitability
EPS (Most Recent Fiscal Year)$1.61
Net Income$33.11 million
Net Margins7.51%
Return on Equity14.33%
Return on Assets6.03%
Miscellaneous
Employees4,400
Outstanding Shares32,200,000
Market Cap$2.33 billion
OptionableOptionable
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 Thursday, August 30th. Stockholders of record on Monday, September 10th will be paid a dividend of $0.17 per share on Friday, October 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Friday, September 7th. View Albany International's Dividend History.
How were Albany International's earnings last quarter?
Albany International Corp. (NYSE:AIN) issued its quarterly earnings data on Tuesday, October, 30th. The textile maker reported $0.85 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.70 by $0.15. The textile maker had revenue of $253.25 million for the quarter, compared to analysts' expectations of $248.50 million. Albany International had a net margin of 7.51% and a return on equity of 14.33%. View Albany International's Earnings History.
When is Albany International's next earnings date?
What price target have analysts set for AIN?
2 brokerages have issued 12 month target prices for Albany International's stock. Their predictions range from $64.00 to $64.00. On average, they expect Albany International's stock price to reach $64.00 in the next year. This suggests that the stock has a possible downside of 9.4%. 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.
Has Albany International been receiving favorable news coverage?
Media coverage about AIN stock has been trending very positive this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Albany International earned a media sentiment score of 3.1 on InfoTrie's scale. They also gave news coverage about the textile maker a news buzz of 8.0 out of 10, meaning that recent news coverage is very likely to have an effect on the stock's share price in the near future.
Who are some of Albany International's key competitors?
Some companies that are related to Albany International include Packaging Corp Of America (PKG), Zebra Technologies (ZBRA), Allegion (ALLE), Avery Dennison (AVY), A. O. Smith (AOS), Pentair (PNR), Nordson (NDSN), Graco (GGG), Donaldson (DCI), HD Supply (HDS), Crown (CCK), AptarGroup (ATR), Berry Global Group (BERY), Middleby (MIDD) and Flowserve (FLS).
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 (Age 57)
Who are Albany International's major shareholders?
Albany International's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (12.83%), Earnest Partners LLC (4.52%), Dimensional Fund Advisors LP (4.36%), Brown Advisory Inc. (3.76%), Renaissance Technologies LLC (2.03%) and NWQ Investment Management Company LLC (1.78%). 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 institutional investors are selling Albany International stock?
AIN stock was sold by a variety of institutional investors in the last quarter, including NWQ Investment Management Company LLC, Brown Advisory Inc., Dimensional Fund Advisors LP, Rice Hall James & Associates LLC, United Services Automobile Association, Vaughan Nelson Investment Management L.P., Tygh Capital Management Inc. and Loomis Sayles & Co. L P. 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 institutional investors are buying Albany International stock?
AIN stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Assenagon Asset Management S.A., Canada Pension Plan Investment Board, Los Angeles Capital Management & Equity Research Inc., Pembroke Management LTD, Bamco Inc. NY, EAM Investors LLC and Bank of New York Mellon Corp. 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 $70.65.
How big of a company is Albany International?
Albany International has a market capitalization of $2.33 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.
What is Albany International's official website?
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]
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.
