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About Albany International (NYSE:AIN)
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
Industry Broadwoven fabric mills, manmade
Sub-IndustryIndustrial Machinery
SectorIndustrial Products
SymbolNYSE:AIN
CUSIP01234810
Phone518-445-2200
Debt
Debt-to-Equity Ratio0.87
Current Ratio3.24
Quick Ratio2.67
Price-To-Earnings
Trailing P/E Ratio39.01
Forward P/E Ratio28.68
P/E GrowthN/A
Sales & Book Value
Annual Sales$863.72 million
Price / Sales2.34
Cash Flow$4.0753 per share
Price / Cash15.41
Book Value$17.80 per share
Price / Book3.53
Profitability
EPS (Most Recent Fiscal Year)$1.61
Net Income$33.11 million
Net Margins3.39%
Return on Equity9.61%
Return on Assets4.04%
Miscellaneous
Employees4,400
Outstanding Shares32,200,000
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 Friday, May 11th. Shareholders of record on Thursday, June 7th will be paid a dividend of $0.17 per share on Monday, July 9th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Wednesday, June 6th. View Albany International's Dividend History.
How were Albany International's earnings last quarter?
Albany International (NYSE:AIN) released its quarterly earnings data on Monday, May, 7th. The textile maker reported $0.54 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.51 by $0.03. The textile maker had revenue of $229.98 million for the quarter, compared to analysts' expectations of $228.50 million. Albany International had a net margin of 3.39% and a return on equity of 9.61%. During the same quarter in the prior year, the firm posted $0.46 earnings per share. View Albany International's Earnings History.
When is Albany International's next earnings date?
What price target have analysts set for AIN?
1 Wall Street analysts have issued 12 month target prices for Albany International's stock. Their forecasts range from $64.00 to $64.00. On average, they expect Albany International's share price to reach $64.00 in the next year. View Analyst Ratings for Albany International.
Who are some of Albany International's key competitors?
Some companies that are related to Albany International include Nordson (NDSN), Graco (GGG), Alstom (ALO), Nine Dragons Paper (NDGPY), HD Supply (HDS), Allegion (ALLE), GEA Group (GEAGY), Sealed Air (SEE), Reliance Steel & Aluminum (RS), Disco (DSCSY), Halma (HLMAF), NSK (NPSKY), DAI NIPPON Prtg/S (DNPLY), CAE (CAE) and Berry Global Group (BERY).
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 & Director (Age 57)
Has Albany International been receiving favorable news coverage?
News stories about AIN stock have trended somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Albany International earned a media sentiment score of 0.17 on Accern's scale. They also assigned news coverage about the textile maker an impact score of 47.37 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next few days.
Who are Albany International's major shareholders?
Albany International's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.41%), Dimensional Fund Advisors LP (4.70%), Earnest Partners LLC (4.49%), Westwood Holdings Group Inc. (2.92%), Principal Financial Group Inc. (1.88%) and Principal Financial Group Inc. (1.88%). Company insiders that own Albany International stock include Daniel A Halftermeyer 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 Mesirow Financial Investment Management Equity Management, Granite Investment Partners LLC, Vaughan Nelson Investment Management L.P., Dimensional Fund Advisors LP, Comerica Bank, JPMorgan Chase & Co., Gamco Investors INC. ET AL and ARS Investment Partners LLC. 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 Westwood Holdings Group Inc., WINTON GROUP Ltd, BlackRock Inc., Carillon Tower Advisers Inc., Earnest Partners LLC, Loomis Sayles & Co. L P, Principal Financial Group Inc. and Principal Financial Group Inc.. 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 $62.80.
How big of a company is Albany International?
Albany International has a market capitalization of $1.97 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.
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 518-445-2200 or via email at [email protected]
MarketBeat Community Rating for Albany International (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.
Albany International (NYSE:AIN) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
1 Wall Street analysts have issued ratings and price targets for Albany International in the last 12 months. Their average twelve-month price target is $64.00, suggesting that the stock has a possible upside of 1.91%. The high price target for AIN is $64.00 and the low price target for AIN is $64.00. There are currently 1 hold rating for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.00 | 2.00 | 2.00 | 2.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $64.00 | $64.00 | N/A | $52.00 |
| Price Target Upside: | 1.91% upside | 3.48% upside | N/A | 11.59% upside |
Albany International (NYSE:AIN) Consensus Price Target History
Albany International (NYSE:AIN) Analyst Ratings History
Show:
| Date | Brokerage | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 3/6/2018 | Stephens | Initiated Coverage | Equal ➝ Weight | $64.00 | Medium |  |
| 1/9/2018 | Noble Financial | Initiated Coverage | Hold | | Low | |
| 12/21/2016 | Sidoti | Downgrade | Buy ➝ Neutral | | N/A | |
(Data available from 5/22/2016 forward)
Albany International (NYSE:AIN) Dividend Information
Albany International pays an annual dividend of $0.68 per share, with a dividend yield of 1.08%. AIN's next quarterly dividend payment will be made on Monday, July 9. Albany International pays out 42.24% of its earnings out as a dividend.
| Next Dividend: | 7/9/2018 |
| Annual Dividend: | $0.68 |
| Dividend Yield: | 1.08% |
| Dividend Growth: | 3.10% (3 Year Average) |
| Payout Ratio(s): | 42.24% (Trailing 12 Months of Earnings)
31.05% (Based on This Year's Estimates)
26.15% (Based on Next Year's Estimates)
16.69% (Based on Cash Flow)
|
| Frequency: | Quarterly Dividend |
Albany International (NYSE:AIN) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/11/2018 | quarterly | $0.17 | 1.12% | 6/6/2018 | 6/7/2018 | 7/9/2018 |
| 2/23/2018 | quarterly | $0.17 | 1.02641509433962% | 3/16/2018 | 3/19/2018 | 4/6/2018 |
| 12/15/2017 | quarterly | $0.17 | 1.09% | 12/22/2017 | 12/26/2017 | 1/8/2018 |
| 8/31/2017 | quarterly | $0.17 | 1.26% | 9/8/2017 | 9/11/2017 | 10/6/2017 |
| 5/15/2017 | quarterly | $0.17 | 1.46% | 6/5/2017 | 6/7/2017 | 7/10/2017 |
| 2/24/2017 | quarterly | $0.17 | 1.45% | 3/16/2017 | 3/20/2017 | 4/7/2017 |
| 12/16/2016 | quarterly | $0.17 | 1.45% | 12/22/2016 | 12/27/2016 | 1/9/2017 |
| 9/9/2016 | quarterly | $0.17 | | 9/16/2016 | 9/20/2016 | 10/7/2016 |
| 5/13/2016 | quarterly | $0.17 | | 6/3/2016 | 6/7/2016 | 7/8/2016 |
| 2/26/2016 | quarterly | $0.17 | | 3/17/2016 | 3/21/2016 | 4/7/2016 |
| 12/11/2015 | quarterly | $0.17 | | 12/18/2015 | 12/22/2015 | 1/8/2016 |
| 9/3/2015 | quarterly | $0.17 | | | 9/14/2015 | 10/7/2015 |
| 5/15/2015 | quarterly | $0.17 | 1.66% | 6/3/2015 | 6/5/2015 | 7/8/2015 |
| 2/27/2015 | quarterly | $0.16 | 1.68% | 3/19/2015 | 3/23/2015 | 4/7/2015 |
| 12/12/2014 | quarterly | $0.16 | 1.82% | 12/19/2014 | 12/23/2014 | 1/8/2015 |
| 8/22/2014 | quarterly | $0.16 | 1.69% | 9/4/2014 | 9/8/2014 | 10/7/2014 |
| 5/16/2014 | quarterly | $0.16 | 1.74% | 6/4/2014 | 6/6/2014 | 7/8/2014 |
| 2/28/2014 | quarterly | $0.15 | 1.68% | 3/20/2014 | 3/24/2014 | 4/7/2014 |
| 12/13/2013 | quarterly | $0.15 | 1.68% | 12/20/2013 | 12/24/2013 | 1/8/2014 |
| 8/23/2013 | quarterly | $0.15 | 1.77% | 9/5/2013 | 9/9/2013 | 10/7/2013 |
| 5/17/2013 | quarterly | $0.15 | 1.85% | 6/5/2013 | 6/7/2013 | 7/8/2013 |
| 2/15/2013 | quarterly | $0.14 | 1.95% | 3/5/2013 | 3/7/2013 | 4/5/2013 |
(Data available from 1/1/2013 forward)
Albany International (NYSE AIN) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 11.75%
Institutional Ownership Percentage: 84.85%
Albany International (NYSE AIN) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 8/8/2017 | Daniel A Halftermeyer | Insider | Sell | 17,300 | $53.29 | $921,917.00 | 66,377 | |
| 8/30/2016 | Robert Alan Hansen | Insider | Sell | 4,122 | $42.89 | $176,792.58 | 8,063 | |
| 5/10/2016 | Daniel A Halftermeyer | Insider | Sell | 4,000 | $38.57 | $154,280.00 | 59,265 | |
| 5/27/2015 | Robert Alan Hansen | SVP | Sell | 6,230 | $39.80 | $247,954.00 | | |
| 2/18/2015 | Joseph M Gaug | Insider | Sell | 1,000 | $37.82 | $37,820.00 | | |
| 11/17/2014 | Daniel A Halftermeyer | Insider | Sell | 1,500 | $37.46 | $56,190.00 | | |
| 5/13/2014 | Charles Silva, Jr. | VP | Sell | 13,100 | $36.74 | $481,294.00 | | |
| 5/13/2014 | Robert Alan Hansen | SVP | Sell | 3,288 | $36.81 | $121,031.28 | 10,352 | |
| 11/22/2013 | Robert Alan Hansen | SVP | Sell | 3,119 | $35.46 | $110,599.74 | 9,939 | |
| 8/21/2013 | Joseph Gaug | Insider | Sell | 1,179 | $33.45 | $39,437.55 | 1,000 | |
| 5/24/2013 | John C Standish | Director | Sell | 7,620 | $31.90 | $243,078.00 | | |
(Data available from 1/1/2013 forward)
Albany International (NYSE AIN) News Headlines
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Albany International (NYSE:AIN) SEC Filings
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Albany International (NYSE:AIN) Income Statement, Balance Sheet and Cash Flow Statement
Albany International (NYSE AIN) Stock Chart for Tuesday, May, 22, 2018
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