Albany International Corp. (NYSE:AIN) has earned an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Zacks has also assigned Albany International an industry rank of 206 out of 255 based on the ratings given to its competitors.
AIN has been the subject of a number of analyst reports. ValuEngine upgraded Albany International from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. Noble Financial reiterated a “hold” rating on shares of Albany International in a research note on Wednesday, August 8th. Zacks Investment Research downgraded Albany International from a “hold” rating to a “sell” rating in a research note on Monday, June 18th. Finally, Stephens reiterated a “hold” rating on shares of Albany International in a research note on Thursday, August 16th.
Several hedge funds and other institutional investors have recently made changes to their positions in AIN. BlackRock Inc. boosted its stake in shares of Albany International by 8.5% in the 2nd quarter. BlackRock Inc. now owns 3,986,614 shares of the textile maker’s stock worth $239,795,000 after buying an additional 311,334 shares during the last quarter. Westwood Holdings Group Inc. boosted its stake in shares of Albany International by 20.8% in the 1st quarter. Westwood Holdings Group Inc. now owns 939,145 shares of the textile maker’s stock worth $58,885,000 after buying an additional 161,424 shares during the last quarter. Sei Investments Co. purchased a new position in shares of Albany International in the 2nd quarter worth approximately $6,695,000. WINTON GROUP Ltd purchased a new position in shares of Albany International in the 1st quarter worth approximately $6,869,000. Finally, Carillon Tower Advisers Inc. purchased a new position in shares of Albany International in the 1st quarter worth approximately $3,973,000. Hedge funds and other institutional investors own 87.98% of the company’s stock.
AIN stock traded down $0.77 during mid-day trading on Friday, reaching $69.43. 125,014 shares of the company traded hands, compared to its average volume of 126,086. The company has a market capitalization of $2.56 billion, a P/E ratio of 43.12 and a beta of 1.68. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.49 and a current ratio of 2.99. Albany International has a fifty-two week low of $55.80 and a fifty-two week high of $82.20.
Albany International (NYSE:AIN) last released its quarterly earnings results on Monday, August 6th. The textile maker reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.28. The business had revenue of $256.23 million during the quarter, compared to the consensus estimate of $233.50 million. Albany International had a return on equity of 13.03% and a net margin of 6.38%. During the same quarter in the previous year, the business earned $0.48 EPS. As a group, sell-side analysts forecast that Albany International will post 2.53 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 5th. Stockholders of record on Monday, September 10th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, September 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.98%. Albany International’s payout ratio is presently 42.24%.
Albany International Company Profile
Albany International Corp. engages in textiles and materials processing. It operates through the Machine Clothing and Albany Engineered Composites segments. The Machine Clothing segment supplies permeable and impermeable belts used in the manufacture of paper, paperboard, tissue and towel, pulp, nonwovens, fiber cement, and several other industrial applications.
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