NYSE:AINAlbany International Stock Price, Forecast & News

Albany International's stock was trading at $57.70 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, AIN shares have increased by 4.5% and is now trading at $60.30. View which stocks have been most impacted by Coronavirus.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Albany International in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Albany International.

Albany International is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Albany International.

Albany International Corp. (NYSE:AIN) released its quarterly earnings results on Wednesday, April, 29th. The textile maker reported $0.78 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.61 by $0.17. The textile maker earned $235.76 million during the quarter, compared to analyst estimates of $224.25 million. Albany International had a return on equity of 19.36% and a net margin of 10.81%. View Albany International's earnings history.

Albany International announced a quarterly dividend on Friday, May 15th. Shareholders of record on Friday, June 5th will be given a dividend of $0.19 per share on Friday, July 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, June 4th. View Albany International's dividend history.

7 Wall Street analysts have issued 12-month target prices for Albany International's shares. Their forecasts range from $41.00 to $90.00. On average, they anticipate Albany International's stock price to reach $68.17 in the next twelve months. This suggests a possible upside of 13.0% from the stock's current price. View analysts' price targets for Albany International.

Media stories about AIN stock have been trending somewhat negative this week, InfoTrie reports. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Albany International earned a daily sentiment score of -1.4 on InfoTrie's scale. They also gave press coverage about the textile maker a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely to have an effect on the company's share price in the near future. View the latest news aboutAlbany International.

Albany International saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 745,200 shares, an increase of 15.6% from the April 30th total of 644,900 shares. Based on an average daily volume of 325,000 shares, the days-to-cover ratio is presently 2.3 days. Currently, 2.5% of the shares of the stock are short sold. View Albany International's Current Options Chain.

Some companies that are related to Albany International include Illinois Tool Works (ITW), Parker-Hannifin (PH), Stanley Black & Decker (SWK), Dover (DOV), Xylem (XYL), Ingersoll-Rand (IR), IDEX (IEX), Nordson (NDSN), Graco (GGG), Snap-on (SNA), Pentair (PNR), Donaldson (DCI), Gardner Denver (GDI), ITT (ITT) and Lincoln Electric (LECO). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Albany International investors own include AbbVie (ABBV), AT&T (T), Bank of America (BAC), salesforce.com (CRM), Enterprise Products Partners (EPD), Home Depot (HD), Marvell Technology Group (MRVL), NVIDIA (NVDA), Starbucks (SBUX) and Arrowhead Pharmaceuticals (ARWR).

Albany International trades on the New York Stock Exchange (NYSE) under the ticker symbol "AIN."

Albany International's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.26%), State Street Corp (2.95%), TimesSquare Capital Management LLC (2.86%), Principal Financial Group Inc. (2.84%), Conestoga Capital Advisors LLC (2.58%) and Loomis Sayles & Co. L P (2.41%). Company insiders that own Albany International stock include Christine L Standish, Dawne H Wimbrow and Robert Alan Hansen. View institutional ownership trends for Albany International.

AIN stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Morgan Stanley, Morgan Stanley, BlackRock Inc., Conestoga Capital Advisors LLC, First Trust Advisors LP, and Engineers Gate Manager LP. Company insiders that have sold Albany International company stock in the last year include Christine L Standish, and Robert Alan Hansen. View insider buying and selling activity for Albany International.

AIN stock was bought by a variety of institutional investors in the last quarter, including Schroder Investment Management Group, Champlain Investment Partners LLC, Principal Financial Group Inc., TimesSquare Capital Management LLC, Wellington Management Group LLP, Wells Fargo & Company MN, William Blair Investment Management LLC, and West Coast Financial LLC. View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of AIN stock can currently be purchased for approximately $60.30.

Albany International has a market capitalization of $1.95 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 4,600 workers across the globe.

The official website for Albany International is www.albint.com.

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]