Shares of Albany International (NYSE:AIN) have received an average broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating.
Analysts have set a 12-month consensus target price of $64.00 for the company and are forecasting that the company will post $0.50 earnings per share for the current quarter, according to Zacks. Zacks has also given Albany International an industry rank of 248 out of 265 based on the ratings given to related companies.
A number of research analysts recently issued reports on AIN shares. Zacks Investment Research cut Albany International from a “hold” rating to a “sell” rating in a report on Thursday, May 10th. Stephens started coverage on Albany International in a report on Tuesday, March 6th. They issued a “weight” rating and a $64.00 price target for the company. Finally, ValuEngine raised Albany International from a “hold” rating to a “buy” rating in a report on Thursday, March 1st.
Shares of NYSE AIN traded down $0.20 during midday trading on Tuesday, reaching $59.40. 86,900 shares of the company traded hands, compared to its average volume of 112,269. The stock has a market cap of $1.94 billion, a PE ratio of 36.89 and a beta of 1.59. Albany International has a 12 month low of $59.20 and a 12 month high of $59.85. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.67 and a current ratio of 3.24.
Albany International (NYSE:AIN) last issued its quarterly earnings data on Monday, May 7th. The textile maker reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.03. The company had revenue of $229.98 million during the quarter, compared to analysts’ expectations of $228.50 million. Albany International had a return on equity of 9.61% and a net margin of 3.39%. During the same period last year, the business earned $0.46 earnings per share. analysts predict that Albany International will post 2.19 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 9th. Investors of record on Thursday, June 7th will be issued a $0.17 dividend. The ex-dividend date is Wednesday, June 6th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.14%. Albany International’s dividend payout ratio is 42.24%.
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Albany International by 2.1% in the first quarter. BlackRock Inc. now owns 3,675,280 shares of the textile maker’s stock worth $230,441,000 after purchasing an additional 74,467 shares during the period. Earnest Partners LLC increased its position in Albany International by 2.0% in the first quarter. Earnest Partners LLC now owns 1,445,380 shares of the textile maker’s stock worth $90,625,000 after purchasing an additional 27,774 shares during the period. Westwood Holdings Group Inc. increased its position in Albany International by 20.8% in the first quarter. Westwood Holdings Group Inc. now owns 939,145 shares of the textile maker’s stock worth $58,885,000 after purchasing an additional 161,424 shares during the period. Principal Financial Group Inc. increased its position in Albany International by 3.2% in the first quarter. Principal Financial Group Inc. now owns 603,989 shares of the textile maker’s stock worth $37,871,000 after purchasing an additional 18,573 shares during the period. Finally, Loomis Sayles & Co. L P increased its position in Albany International by 4.5% in the first quarter. Loomis Sayles & Co. L P now owns 531,321 shares of the textile maker’s stock worth $33,314,000 after purchasing an additional 22,886 shares during the period. 89.50% of the stock is owned by institutional investors and hedge funds.
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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