NYSE:AIN Albany International - AIN Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. $112.89 +0.74 (+0.66%) (As of 02/1/2023 12:00 AM ET) Add Compare Share Share Today's Range$110.33▼$114.0650-Day Range$96.64▼$112.8952-Week Range$75.24▼$114.06Volume96,128 shsAverage Volume94,934 shsMarket Capitalization$3.51 billionP/E Ratio33.80Dividend Yield0.92%Price Target$96.50 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Albany International MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside14.5% Downside$96.50 Price TargetShort InterestHealthy0.99% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment1.46Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth2.67%From $3.75 to $3.85 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.1.97 out of 5 starsIndustrial Products Sector118th out of 185 stocksBroadwoven Fabric Mills, Manmade Industry1st out of 1 stocks 1.0 Analyst's Opinion Consensus RatingAlbany International has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $96.50, Albany International has a forecasted downside of 14.5% from its current price of $112.89.Amount of Analyst CoverageAlbany International has received no research coverage in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.99% 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 2.7, 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 37.07%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldAlbany International has a dividend yield of 0.92%, which is in 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 29.94%. 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 25.97% 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 3.0 News and Social Media Coverage News SentimentAlbany International has a news sentiment score of 1.46. 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 0.60 average news sentiment score of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Albany International this week, compared to 1 article on an average week. 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 0.55% 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 1.3 Earnings and Valuation Earnings GrowthEarnings for Albany International are expected to grow by 2.67% in the coming year, from $3.75 to $3.85 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Albany International is 33.80, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 149.09.Price to Earnings Ratio vs. SectorThe P/E ratio of Albany International is 33.80, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 19.79.Price to Earnings Growth RatioAlbany International has a PEG Ratio of 3.58. 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 4.13. 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 HeadlinesFebruary 2, 2023 | americanbankingnews.comAlbany International (NYSE:AIN) Hits New 12-Month High at $110.67December 31, 2022 | finance.yahoo.comIs Now The Time To Look At Buying Albany International Corp. (NYSE:AIN)?February 2, 2023 | Tradewins (Ad)Know Your Profit Potential BEFORE You Trade!I’m Chuck Hughes, ten-time trading champion and author of the coveted e-book, “Options Trading Made Easy”, the strategy guide that will teach you to calculate your trade’s profit potential before you risk any capital. Click here for a free copy now! December 20, 2022 | msn.comAlbany Intl: Dividend InsightsDecember 9, 2022 | finance.yahoo.comAlbany International Increases DividendDecember 5, 2022 | finance.yahoo.comInvesting in Albany International (NYSE:AIN) five years ago would have delivered you a 75% gainNovember 25, 2022 | nasdaq.comAre Industrial Products Stocks Lagging Albany International (AIN) This Year?November 25, 2022 | finance.yahoo.comAre Industrial Products Stocks Lagging Albany International (AIN) This Year?February 2, 2023 | Tradewins (Ad)Know Your Profit Potential BEFORE You Trade!I’m Chuck Hughes, ten-time trading champion and author of the coveted e-book, “Options Trading Made Easy”, the strategy guide that will teach you to calculate your trade’s profit potential before you risk any capital. Click here for a free copy now! November 9, 2022 | finance.yahoo.comIs Albany International (AIN) Stock Outpacing Its Industrial Products Peers This Year?October 26, 2022 | msn.comBaird Maintains Neutral Rating for Albany Intl: Here's What You Need To KnowOctober 25, 2022 | seekingalpha.comAlbany International Corp. (AIN) Q3 2022 Earnings Call TranscriptOctober 25, 2022 | finance.yahoo.comAlbany International Reports Third-Quarter 2022 ResultsOctober 25, 2022 | finance.yahoo.comAlbany International (AIN) Q3 Earnings and Revenues Top EstimatesOctober 21, 2022 | msn.comEarnings Preview: Albany InternationalSeptember 26, 2022 | markets.businessinsider.comAnalysts Offer Insights on Materials Companies: Albany International (AIN) and Ball (BALL)September 23, 2022 | nasdaq.comInvesting in Albany International (NYSE:AIN) five years ago would have delivered you a 57% gainSeptember 23, 2022 | nasdaq.comAlbany International is OversoldSeptember 14, 2022 | finance.yahoo.comReturns On Capital Are Showing Encouraging Signs At Albany International (NYSE:AIN)August 29, 2022 | nasdaq.comAlbany International (NYSE:AIN) Has Affirmed Its Dividend Of $0.21August 29, 2022 | finance.yahoo.comAlbany International (NYSE:AIN) Has Announced A Dividend Of $0.21August 26, 2022 | seekingalpha.comAIN Albany International Corp.August 25, 2022 | finance.yahoo.comAfter Golden Cross, Albany International (AIN)'s Technical Outlook is BrightAugust 22, 2022 | finance.yahoo.comIs There An Opportunity With Albany International Corp.'s (NYSE:AIN) 33% Undervaluation?August 17, 2022 | reuters.comAlbany International CorpAugust 17, 2022 | finance.yahoo.comIs Albany International (AIN) Outperforming Other Industrial Products Stocks This Year?August 2, 2022 | finance.yahoo.comAlbany International Corporation (AIN) Soars to 52-Week High, Time to Cash Out?See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Company Calendar Last Earnings10/24/2021Ex-Dividend for 1/9 Dividend12/23/2022Dividend Payable1/09/2023Today2/01/2023Next Earnings (Confirmed)2/13/2023Fiscal 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$96.50 High Stock Price Forecast$110.00 Low Stock Price Forecast$85.00 Forecasted Upside/Downside-14.5%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$3.34 Trailing P/E Ratio33.80 Forward P/E Ratio30.10 P/E Growth3.58Net Income$118.48 million Net Margins10.56% Pretax Margin13.93% Return on Equity14.83% Return on Assets7.94% Debt Debt-to-Equity Ratio0.54 Current Ratio4.27 Quick Ratio3.56 Sales & Book Value Annual Sales$929.24 million Price / Sales3.78 Cash Flow$6.17 per share Price / Cash Flow18.30 Book Value$27.34 per share Price / Book4.13Miscellaneous Outstanding Shares31,100,000Free Float30,929,000Market Cap$3.51 billion OptionableOptionable Beta1.28 Key ExecutivesAndrew William HigginsPresident, Chief Executive Officer & DirectorStephen M. NolanChief Financial Officer & TreasurerRobert Alan HansenChief Technology Officer & Senior Vice PresidentAlice MccarvillChief Human Resources Officer & Executive VPJoseph M. GaugSecretary, Vice President & General CounselKey CompetitorsESABNYSE:ESABBeldenNYSE:BDCJohn Bean TechnologiesNYSE:JBTTerexNYSE:TEXEnerSysNYSE:ENSView All CompetitorsInsiders & InstitutionsPembroke Management LTDSold 42,489 shares on 2/1/2023Ownership: 1.075%State of New Jersey Common Pension Fund DSold 3,206 shares on 2/1/2023Ownership: 0.073%Legato Capital Management LLCBought 7,961 shares on 2/1/2023Ownership: 0.026%Zurcher Kantonalbank Zurich Cantonalbank Bought 470 shares on 2/1/2023Ownership: 0.015%Bank of Montreal CanBought 433 shares on 2/1/2023Ownership: 0.012%View All Institutional Transactions AIN Stock - Frequently Asked Questions Should I buy or sell Albany International stock right now? 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Albany International in the last year. There are currently 4 hold ratings for the stock. The consensus among Wall Street 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? 4 analysts have issued 12 month price objectives for Albany International's shares. Their AIN share price forecasts range from $85.00 to $110.00. On average, they anticipate the company's share price to reach $96.50 in the next year. This suggests that the stock has a possible downside of 14.5%. 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 beginning of the year. Since then, AIN stock has increased by 14.5% and is now trading at $112.89. View the best growth stocks for 2023 here. Are investors shorting Albany International? Albany International saw a drop in short interest during the month of January. As of January 15th, there was short interest totaling 306,600 shares, a drop of 37.1% from the December 31st total of 487,200 shares. Based on an average daily volume of 115,300 shares, the days-to-cover ratio is presently 2.7 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, February 13th 2023. View our AIN earnings forecast. How can I listen to Albany International's earnings call? Albany International will be holding an earnings conference call on Tuesday, February 14th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link. How were Albany International's earnings last quarter? Albany International Corp. (NYSE:AIN) posted its earnings results on Sunday, October, 24th. The textile maker reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.12. The textile maker earned $232.44 million during the quarter, compared to the consensus estimate of $221.76 million. Albany International had a trailing twelve-month return on equity of 14.83% and a net margin of 10.56%. During the same quarter in the previous year, the business earned $0.96 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, December 9th. Investors of record on Tuesday, December 27th will be paid a dividend of $0.25 per share on Monday, January 9th. This represents a $1.00 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Friday, December 23rd. This is a boost from the stock's previous quarterly dividend of $0.21. Read our dividend analysis for AIN. 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 0.92%. 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 29.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIN will have a dividend payout ratio of 25.97% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for AIN. 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 variety of retail and institutional investors. Top institutional shareholders include Pembroke Management LTD (1.08%), New York State Common Retirement Fund (0.98%), Natixis Advisors L.P. (0.95%), Scout Investments Inc. (0.33%), Moody Aldrich Partners LLC (0.22%) and Assenagon Asset Management S.A. (0.22%). 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 $112.89. How much money does Albany International make? Albany International (NYSE:AIN) has a market capitalization of $3.51 billion and generates $929.24 million in revenue each year. The textile maker earns $118.48 million in net income (profit) each year or $3.34 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 2/2/2023 by MarketBeat.com Staff 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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