NYSE:AIN

Albany International Stock Forecast, Price & News

$73.77

-2.63 (-3.44 %)

(As of 01/26/2021 12:00 AM ET)

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Today's Range

$73.71

Now: $73.77▼

$77.47

50-Day Range

$70.40

MA: $74.35▼

$78.43

52-Week Range

$30.46

Now: $73.77▼

$78.79

Volume106,178 shs

Average Volume110,317 shs

Market Capitalization$2.38 billion

P/E Ratio23.87

Dividend Yield1.05%

Beta1.39

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 for use in manufacturing papers, paperboards, tissues, and towels. This segment offers forming, pressing, and drying 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 industries. 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.

MarketRank^™

Overall MarketRank^™

1.62 out of 5 stars

Industrial Products Sector

115th out of 397 stocks

Broadwoven Fabric Mills, Manmade Industry

1st out of 2 stocks

1.2 Analyst's Opinion

Consensus Rating
Albany International has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $71.20, Albany International has a forecasted downside of 3.5% from its current price of $73.77.
Amount of Analyst Coverage
Albany International has only been the subject of 1 research reports in the past 90 days.

2.3 Community Rank

Outperform Votes
Albany International has received 209 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Albany International has received 254 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Albany International has received 54.86% “underperform” votes from our community.

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.

1.7 Dividend Strength

Dividend Yield
Albany International has a dividend yield of 1.05%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Albany International has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Albany International is 19.46%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Albany International will have a dividend payout ratio of 26.40% next year. This indicates that Albany International will be able to sustain or increase its dividend.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Albany International insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 5.73% of the stock of Albany International is held by insiders.
Percentage Held by Institutions
92.30% of the stock of Albany International is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Albany International are expected to decrease by -12.17% in the coming year, from $3.45 to $3.03 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Albany International is 23.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.43.
Price to Earnings Ratio vs. Sector
The P/E ratio of Albany International is 23.87, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 40.48.
Price to Book Value per Share Ratio
Albany International has a P/B Ratio of 3.39. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Broadwoven fabric mills, manmade

Sub-IndustryIndustrial Machinery

SectorIndustrial Products

Current SymbolNYSE:AIN

Previous Symbol

CUSIP01234810

CIK819793

Webwww.albint.com

Phone603-330-5850

Employees4,000

Year FoundedN/A

Debt

Debt-to-Equity Ratio0.56

Current Ratio3.80

Quick Ratio3.17

Price-To-Earnings

Trailing P/E Ratio23.87

Forward P/E Ratio21.38

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.05 billion

Price / Sales2.26

Cash Flow$6.12 per share

Price / Cash Flow12.05

Book Value$21.75 per share

Price / Book3.39

Profitability

EPS (Most Recent Fiscal Year)$4.11

Net Income$132.40 million

Net Margins10.76%

Return on Equity17.39%

Return on Assets8.32%

Miscellaneous

Outstanding Shares32,300,000

Market Cap$2.38 billion

Next Earnings Date2/10/2021 (Confirmed)

OptionableOptionable

$73.77

-2.63 (-3.44 %)

(As of 01/26/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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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. Since then, AIN shares have increased by 27.9% and is now trading at $73.77.
View which stocks have been most impacted by COVID-19.

Is Albany International a buy right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Albany International in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Albany International stock. 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 analyst ratings for Albany International or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Albany International?

Wall Street analysts have given Albany International a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Albany International wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is William Higgins' approval rating as Albany International's CEO?

10 employees have rated Albany International CEO William Higgins on Glassdoor.com. William Higgins has an approval rating of 100% among Albany International's employees. This puts William Higgins in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

When is Albany International's next earnings date?

Albany International is scheduled to release its next quarterly earnings announcement on Wednesday, February 10th 2021.
View our earnings forecast for Albany International.

How can I listen to Albany International's earnings call?

Albany International will be holding an earnings conference call on Wednesday, February 10th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Albany International's earnings last quarter?

Albany International Corp. (NYSE:AIN) released its quarterly earnings results on Monday, November, 2nd. The textile maker reported $0.96 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.65 by $0.31. The textile maker earned $212 million during the quarter, compared to analyst estimates of $210.70 million. Albany International had a trailing twelve-month return on equity of 17.39% and a net margin of 10.76%.
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 Thursday, December 10th. Stockholders of record on Tuesday, December 22nd will be paid a dividend of $0.20 per share on Friday, January 8th. This represents a $0.80 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Monday, December 21st. This is a boost from Albany International's previous quarterly dividend of $0.19.
View Albany International's dividend history.

Is Albany International a good dividend stock?

Albany International pays an annual dividend of $0.80 per share and currently has a dividend yield of 1.05%. Albany International does not yet have a strock track record of dividend growth. The dividend payout ratio of Albany International is 19.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Albany International will have a dividend payout ratio of 26.40% next year. This indicates that Albany International will be able to sustain or increase its dividend.
View Albany International's dividend history.

What price target have analysts set for AIN?

5 equities research analysts have issued twelve-month price objectives for Albany International's stock. Their forecasts range from $57.00 to $91.00. On average, they expect Albany International's stock price to reach $71.20 in the next year. This suggests that the stock has a possible downside of 3.5%.
View analysts' price targets for Albany International or view Wall Street analyst' top-rated stocks.

Who are some of Albany International's key competitors?

Some companies that are related to Albany International include Illinois Tool Works (ITW), Parker-Hannifin (PH), Stanley Black & Decker (SWK), Ingersoll Rand (IR), Dover (DOV), Xylem (XYL), IDEX (IEX), Graco (GGG), Nordson (NDSN), Snap-on (SNA), Pentair (PNR), Donaldson (DCI), The Middleby (MIDD), Woodward (WWD) and Lincoln Electric (LECO).
View all of AIN's 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), Marvell Technology Group (MRVL), NVIDIA (NVDA), Bank of America (BAC), Intel (INTC), Micron Technology (MU), Bristol-Myers Squibb (BMY), The Walt Disney (DIS), Enterprise Products Partners (EPD) and KLA (KLAC).

Who are Albany International's key executives?

Albany International's management team includes the following people:

Mr. Andrew William Higgins, Pres, CEO & Director (Age 63, Pay $151.82k)
Mr. Stephen M. Nolan, CFO & Treasurer (Age 52, Pay $983.29k)
Ms. Alice McCarvill, Exec. VP of HR & Chief HR Officer (Age 56, Pay $594.56k)
Mr. Daniel A. Halftermeyer, Pres of Machine Clothing (Age 60, Pay $1.3M)
Mr. Robert A. Hansen, Sr. VP & CTO (Age 64)
Mr. John B. Hobbs, Director of Investor Relations
Mr. Joseph M. Gaug, VP, Sec. & Gen. Counsel (Age 58)
Susan Siegel, VP of Corp. Communications
Mr. David M. Pawlick, VP & Controller (Age 60)
Mr. Gregory N. Harwell, Pres of Albany Engineered Composites (Age 57)

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 many different institutional and retail investors. Top institutional shareholders include Scout Investments Inc. (0.31%), New York State Teachers Retirement System (0.19%), State of Alaska Department of Revenue (0.07%), Fruth Investment Management (0.07%), Gilman Hill Asset Management LLC (0.05%) and Cascade Investment Advisors Inc. (0.04%). Company insiders that own Albany International stock include Christine L Standish 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 State of Alaska Department of Revenue, New York State Teachers Retirement System, and Fruth Investment Management.
View insider buying and selling activity for Albany International or view top insider-selling stocks.

Which major investors are buying Albany International stock?

AIN stock was purchased by a variety of institutional investors in the last quarter, including Exchange Traded Concepts LLC, Crossmark Global Holdings Inc., Scout Investments Inc., Cascade Investment Advisors Inc., and Gilman Hill Asset Management LLC.
View insider buying and selling activity for Albany International or or view top insider-buying stocks.

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 WeBull, 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 $73.77.

How big of a company is Albany International?

Albany International has a market capitalization of $2.38 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 4,000 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 1/27/2021 by MarketBeat.com Staff

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