Shares of Albany International Corp. (NYSE:AIN) have received a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Zacks has also given Albany International an industry rank of 225 out of 265 based on the ratings given to related companies.
A number of research analysts have issued reports on AIN shares. ValuEngine raised shares of Albany International from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Noble Financial started coverage on shares of Albany International in a research report on Tuesday, January 9th. They set a “hold” rating on the stock. Zacks Investment Research cut shares of Albany International from a “hold” rating to a “sell” rating in a report on Monday, March 12th. Finally, Stephens assumed coverage on shares of Albany International in a report on Tuesday, March 6th. They set a “weight” rating and a $64.00 target price on the stock.
Several hedge funds have recently made changes to their positions in the company. Louisiana State Employees Retirement System boosted its holdings in shares of Albany International by 6.8% during the 4th quarter. Louisiana State Employees Retirement System now owns 12,500 shares of the textile maker’s stock valued at $768,000 after buying an additional 800 shares in the last quarter. Flinton Capital Management LLC boosted its holdings in shares of Albany International by 27.8% during the 4th quarter. Flinton Capital Management LLC now owns 3,864 shares of the textile maker’s stock valued at $237,000 after buying an additional 840 shares in the last quarter. Teachers Advisors LLC boosted its holdings in shares of Albany International by 1.8% during the 4th quarter. Teachers Advisors LLC now owns 52,024 shares of the textile maker’s stock valued at $3,197,000 after buying an additional 943 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Albany International by 1.7% during the 3rd quarter. Rhumbline Advisers now owns 65,201 shares of the textile maker’s stock valued at $3,743,000 after buying an additional 1,116 shares in the last quarter. Finally, Connable Office Inc. boosted its holdings in shares of Albany International by 28.8% during the 4th quarter. Connable Office Inc. now owns 5,484 shares of the textile maker’s stock valued at $337,000 after buying an additional 1,225 shares in the last quarter. Hedge funds and other institutional investors own 89.88% of the company’s stock.
Albany International stock opened at $66.90 on Monday. The company has a current ratio of 3.37, a quick ratio of 2.52 and a debt-to-equity ratio of 0.90. The stock has a market cap of $2,154.18, a price-to-earnings ratio of 69.69 and a beta of 1.58. Albany International has a 1 year low of $43.45 and a 1 year high of $68.85.
Albany International (NYSE:AIN) last issued its quarterly earnings data on Monday, February 5th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. The business had revenue of $226.73 million for the quarter, compared to the consensus estimate of $219.00 million. Albany International had a net margin of 3.58% and a return on equity of 9.43%. equities research analysts predict that Albany International will post 2.04 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 6th. Stockholders of record on Monday, March 19th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, March 16th. Albany International’s dividend payout ratio (DPR) is presently 70.83%.
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Albany International Company Profile
Albany International Corp. is focused on textiles and materials processing business. The Company operates through two segments: Machine Clothing and Albany Engineered Composites. The Company’s Machine Clothing segment supplies permeable and impermeable belts used in the manufacture of paper, paperboard, nonwovens, fiber cement and various other industrial applications.
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