NYSE:AIN Albany International (AIN) Stock Forecast, Price & News $90.73 +4.79 (+5.57%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$87.22▼$90.8950-Day Range$84.93▼$92.3552-Week Range$75.24▼$115.39Volume181,755 shsAverage Volume134,985 shsMarket Capitalization$2.83 billionP/E Ratio29.94Dividend Yield1.10%Price Target$105.33 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Albany International MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside16.1% Upside$105.33 Price TargetShort InterestHealthy0.77% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment1.34Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth14.21%From $3.66 to $4.18 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.64 out of 5 starsIndustrial Products Sector26th out of 175 stocksBroadwoven Fabric Mills, Manmade Industry1st out of 1 stocks 2.2 Analyst's Opinion Consensus RatingAlbany International has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $105.33, Albany International has a forecasted upside of 16.1% from its current price of $90.73.Amount of Analyst CoverageAlbany International has only been the subject of 1 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.77% of the outstanding shares of Albany International have been sold short.Short Interest Ratio / Days to CoverAlbany International has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Albany International has recently decreased by 5.78%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend YieldAlbany International pays a meaningful dividend of 1.18%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthAlbany International has been increasing its dividend for 5 years.Dividend CoverageThe dividend payout ratio of Albany International is 33.00%. 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 23.92% next year. This indicates that Albany International will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for AIN. Previous Next 3.5 News and Social Media Coverage News SentimentAlbany International has a news sentiment score of 1.34. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Albany International this week, compared to 2 articles on an average week.MarketBeat Follows2 people have added Albany International to their MarketBeat watchlist in the last 30 days. Previous Next 1.7 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 0.76% of the stock of Albany International is held by insiders.Percentage Held by Institutions99.94% 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 1.9 Earnings and Valuation Earnings GrowthEarnings for Albany International are expected to grow by 14.21% in the coming year, from $3.66 to $4.18 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Albany International is 29.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.14.Price to Earnings Ratio vs. SectorThe P/E ratio of Albany International is 29.94, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 17.82.Price to Earnings Growth RatioAlbany International has a PEG Ratio of 2.99. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioAlbany International has a P/B Ratio of 3.15. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Albany International (NYSE:AIN) StockAlbany International Corp. engages in textiles and materials processing. It operates through the following segments: Machine Clothing and Albany Engineered Composites. The Machine Clothing segment supplies fabrics used in the manufacturing process in the pulp, corrugator, nonwovens, fiber cement, building products, and tannery and textile industries. The Engineered Composites segment provides composite structures to customers in the commercial and defense aerospace industries. The firm offers regular fabric, consultative, diagnostic, and project specific services. The company was founded on March 8, 1895 and is headquartered in Rochester, NH.Read More Receive AIN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Albany International and its competitors with MarketBeat's FREE daily newsletter. Email Address AIN Stock News HeadlinesMay 30, 2023 | msn.comAlbany International Is Highly Profitable And The Balance Sheet Is Very StrongMay 20, 2023 | americanbankingnews.comStockNews.com Initiates Coverage on Albany International (NYSE:AIN)June 4, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...May 16, 2023 | msn.comAlbany International - (AIN) Declares $0.25 DividendMay 14, 2023 | finance.yahoo.comInvestors in Albany International (NYSE:AIN) have seen decent returns of 88% over the past three yearsMay 12, 2023 | msn.comAlbany declares $0.25 dividendMay 12, 2023 | marketwatch.comLearn to Evaluate Albany International ($AIN) using the ChartsMay 2, 2023 | finance.yahoo.comAlbany International Issues 2022 Sustainability ReportJune 4, 2023 | Behind the Markets (Ad)"Unknown laser company making HUGE profit from Russia-Ukraine War"On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>April 28, 2023 | msn.comTruist Securities Upgrades Albany International - (AIN)April 28, 2023 | americanbankingnews.comAlbany International (NYSE:AIN) Shares Gap Down to $89.53April 28, 2023 | americanbankingnews.comAlbany International (NYSE:AIN) Upgraded by Truist Financial to BuyApril 28, 2023 | americanbankingnews.comAlbany International Corp. (NYSE:AIN) Short Interest UpdateApril 27, 2023 | finance.yahoo.comQ1 2023 Albany International Corp Earnings CallApril 27, 2023 | americanbankingnews.comAlbany International (NYSE:AIN) Posts Earnings Results, Beats Expectations By $0.06 EPSApril 26, 2023 | markets.businessinsider.comCowen & Co. Reaffirms Their Hold Rating on Albany International (AIN)April 25, 2023 | finance.yahoo.comAlbany International (AIN) Q1 Earnings and Revenues Surpass EstimatesApril 25, 2023 | finance.yahoo.comAlbany International Reports First-Quarter 2023 ResultsApril 25, 2023 | finance.yahoo.comAlbany Engineered Composites Awarded Army Contract to Develop Near-net Shape 3D Weaving Technology for Hypersonic ApplicationsApril 23, 2023 | americanbankingnews.comAlbany International (AIN) to Release Earnings on TuesdayApril 19, 2023 | finance.yahoo.comAlbany Engineered Composites to exhibit at JEC World 2023April 5, 2023 | americanbankingnews.comAlbany International (NYSE:AIN) Issues FY 2023 Earnings GuidanceApril 2, 2023 | americanbankingnews.comAlbany International (NYSE:AIN) Updates FY23 Earnings GuidanceMarch 26, 2023 | marketwatch.comWhen Albany International ($AIN) Moves Investors should ListenMarch 25, 2023 | finance.yahoo.comWill Weakness in Albany International Corp.'s (NYSE:AIN) Stock Prove Temporary Given Strong Fundamentals?March 23, 2023 | finance.yahoo.comAlbany International Announces CFO TransitionMarch 13, 2023 | finance.yahoo.comAlbany International Announces CEO Succession PlanSee More Headlines AIN Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart AIN Company Calendar Ex-Dividend for 4/10 Dividend3/16/2023Dividend Payable4/10/2023Last Earnings4/26/2023Today6/03/2023Ex-Dividend for 7/10 Dividend6/06/2023Dividend Payable7/10/2023Next Earnings (Estimated)7/24/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Broadwoven fabric mills, manmade Sub-IndustryIndustrial Machinery SectorIndustrial Products Current SymbolNYSE:AIN CUSIP01234810 CIK819793 Webwww.albint.com Phone(603) 330-5850Fax603-994-3835Employees4,100Year FoundedN/APrice Target and Rating Average Stock Price Forecast$105.33 High Stock Price Forecast$110.00 Low Stock Price Forecast$101.00 Forecasted Upside/Downside+16.1%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$3.03 Trailing P/E Ratio29.94 Forward P/E Ratio24.79 P/E Growth2.99Net Income$95.76 million Net Margins8.96% Pretax Margin12.32% Return on Equity14.14% Return on Assets7.38% Debt Debt-to-Equity Ratio0.55 Current Ratio4.82 Quick Ratio3.98 Sales & Book Value Annual Sales$1.06 billion Price / Sales2.67 Cash Flow$6.44 per share Price / Cash Flow14.09 Book Value$28.77 per share Price / Book3.15Miscellaneous Outstanding Shares31,200,000Free Float30,963,000Market Cap$2.83 billion OptionableOptionable Beta1.32 Key ExecutivesAndrew William HigginsPresident, Chief Executive Officer & DirectorRobert Daniel StarrChief Financial Officer & TreasurerRobert Alan HansenChief Technology Officer & Senior Vice PresidentAlice MccarvillChief Human Resources Officer & Executive VPJoseph M. GaugSecretary, Vice President & General CounselKey CompetitorsVerra MobilityNASDAQ:VRRMWorthington IndustriesNYSE:WORGreifNYSE:GEFArconicNYSE:ARNCAlarm.comNASDAQ:ALRMView All CompetitorsInsiders & InstitutionsProShare Advisors LLCSold 401 shares on 5/26/2023Ownership: 0.014%Royce & Associates LPSold 1,856 shares on 5/23/2023Ownership: 0.015%Ameriprise Financial Inc.Sold 12,286 shares on 5/22/2023Ownership: 0.678%Putnam Investments LLCSold 216 shares on 5/22/2023Ownership: 0.017%JPMorgan Chase & Co.Sold 2,828 shares on 5/18/2023Ownership: 0.350%View All Insider TransactionsView All Institutional Transactions AIN Stock - Frequently Asked Questions Should I buy or sell Albany International stock right now? 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Albany International in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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. What is Albany International's stock price forecast for 2023? 3 Wall Street analysts have issued 1-year target prices for Albany International's stock. Their AIN share price forecasts range from $101.00 to $110.00. On average, they anticipate the company's stock price to reach $105.33 in the next twelve months. This suggests a possible upside of 16.1% from the stock's current price. View analysts price targets for AIN or view top-rated stocks among Wall Street analysts. How have AIN shares performed in 2023? Albany International's stock was trading at $98.59 at the start of the year. Since then, AIN stock has decreased by 8.0% and is now trading at $90.73. View the best growth stocks for 2023 here. Are investors shorting Albany International? Albany International saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 239,800 shares, a decrease of 5.8% from the April 30th total of 254,500 shares. Based on an average daily trading volume, of 162,900 shares, the days-to-cover ratio is presently 1.5 days. View Albany International's Short Interest. When is Albany International's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, July 24th 2023. View our AIN earnings forecast. How were Albany International's earnings last quarter? Albany International Corp. (NYSE:AIN) released its quarterly earnings results on Wednesday, April, 26th. The textile maker reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.06. The textile maker had revenue of $269.10 million for the quarter, compared to analyst estimates of $255.14 million. Albany International had a net margin of 8.96% and a trailing twelve-month return on equity of 14.14%. The company's revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 earnings per share. How often does Albany International pay dividends? What is the dividend yield for Albany International? Albany International announced a quarterly dividend on Friday, May 12th. Shareholders of record on Wednesday, June 7th will be paid a dividend of $0.25 per share on Monday, July 10th. This represents a $1.00 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Tuesday, June 6th. Read our dividend analysis for AIN. What ETFs hold Albany International's stock? ETFs with the largest weight of Albany International (NYSE:AIN) stock in their portfolio include Invesco S&P SmallCap Industrials ETF (PSCI), Invesco S&P SmallCap Momentum ETF (XSMO), Invesco S&P SmallCap Quality ETF (XSHQ), Invesco S&P SmallCap Low Volatility ETF (XSLV), SPDR S&P 600 Small Cap Growth ETF (SLYG), iShares S&P Small-Cap 600 Growth ETF (IJT), Vanguard S&P Small-Cap 600 Growth ETF (VIOG) and Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS). Is Albany International a good dividend stock? Albany International (NYSE:AIN) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.18%. 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 33.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIN will have a dividend payout ratio of 23.92% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for AIN. What guidance has Albany International issued on next quarter's earnings? Albany International issued an update on its FY23 earnings guidance on Tuesday, April, 25th. The company provided EPS guidance of $3.10-$3.60 for the period, compared to the consensus EPS estimate of $3.64. The company issued revenue guidance of $1.01-$1.05 billion, compared to the consensus revenue estimate of $1.05 billion. What is William Higgins' approval rating as Albany International's CEO? 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. 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), 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). 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 retail and institutional investors. Top institutional investors include BlackRock Inc. (15.40%), Bank of America Corp DE (4.27%), Kayne Anderson Rudnick Investment Management LLC (3.72%), State Street Corp (3.45%), Dimensional Fund Advisors LP (3.45%) and William Blair Investment Management LLC (2.63%). Insiders that own company stock include Christine L Standish, Daniel A Halftermeyer, David M Pawlick and Robert Alan Hansen. View institutional ownership trends. How do I buy shares of Albany International? 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. Compare Top Brokerages Here. What is Albany International's stock price today? One share of AIN stock can currently be purchased for approximately $90.73. How much money does Albany International make? Albany International (NYSE:AIN) has a market capitalization of $2.83 billion and generates $1.06 billion in revenue each year. The textile maker earns $95.76 million in net income (profit) each year or $3.03 on an earnings per share basis. How many employees does Albany International have? The company employs 4,100 workers across the globe. How can I contact Albany International? 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. This page (NYSE:AIN) was last updated on 6/4/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access 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. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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