Shares of Albany International (NYSE:AIN) have been given a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.
Zacks has also assigned Albany International an industry rank of 227 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Albany International from a “hold” rating to a “sell” rating in a research report on Monday, March 12th. Stephens assumed coverage on shares of Albany International in a research report on Tuesday, March 6th. They issued a “weight” rating and a $64.00 price objective for the company. ValuEngine raised shares of Albany International from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Noble Financial assumed coverage on shares of Albany International in a research report on Tuesday, January 9th. They issued a “hold” rating for the company.
Institutional investors have recently added to or reduced their stakes in the company. Elkfork Partners LLC bought a new position in shares of Albany International during the 4th quarter valued at approximately $187,000. Cubist Systematic Strategies LLC bought a new position in shares of Albany International during the 3rd quarter valued at approximately $202,000. D.A. Davidson & CO. bought a new position in shares of Albany International during the 4th quarter valued at approximately $202,000. Xact Kapitalforvaltning AB bought a new position in shares of Albany International during the 4th quarter valued at approximately $218,000. Finally, Flinton Capital Management LLC grew its position 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 acquiring an additional 840 shares during the period. 89.88% of the stock is owned by hedge funds and other institutional investors.
NYSE:AIN opened at $63.45 on Friday. The company has a quick ratio of 2.52, a current ratio of 3.37 and a debt-to-equity ratio of 0.90. The stock has a market cap of $2,043.09, a PE ratio of 39.41 and a beta of 1.58. Albany International has a one year low of $43.85 and a one 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, topping the Zacks’ consensus estimate of $0.42 by $0.01. Albany International had a net margin of 3.58% and a return on equity of 9.43%. The business had revenue of $226.73 million during the quarter, compared to the consensus estimate of $219.00 million. equities analysts predict that Albany International will post 2.04 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, April 6th. Stockholders of record on Monday, March 19th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Friday, March 16th. Albany International’s dividend payout ratio is currently 42.24%.
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Albany International Company Profile
Albany International Corp. engages in textile and materials processing businesses worldwide. The company operates through two segments, Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment designs, manufactures, and markets paper machine clothing. This segment offers forming, pressing, dryer fabrics, and process belts.
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