Albany International Corp. (NYSE:AIN) has earned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Zacks has also assigned Albany International an industry rank of 244 out of 257 based on the ratings given to related companies.
AIN has been the subject of a number of research analyst reports. ValuEngine raised shares of Albany International from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Zacks Investment Research downgraded shares of Albany International from a “buy” rating to a “hold” rating in a report on Wednesday. Noble Financial reissued a “hold” rating on shares of Albany International in a report on Wednesday, August 8th. Finally, Stephens reissued a “hold” rating on shares of Albany International in a report on Thursday, August 16th.
In other Albany International news, VP Dawne H. Wimbrow sold 900 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $75.90, for a total value of $68,310.00. Following the completion of the sale, the vice president now directly owns 300 shares of the company’s stock, valued at approximately $22,770. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.75% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. FDx Advisors Inc. lifted its stake in Albany International by 20.6% during the second quarter. FDx Advisors Inc. now owns 4,466 shares of the textile maker’s stock valued at $269,000 after buying an additional 764 shares in the last quarter. Bank of Montreal Can lifted its stake in Albany International by 40.2% during the third quarter. Bank of Montreal Can now owns 3,422 shares of the textile maker’s stock valued at $273,000 after buying an additional 982 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in Albany International during the second quarter valued at about $280,000. Ramsey Quantitative Systems purchased a new stake in Albany International during the second quarter valued at about $295,000. Finally, Dynamic Technology Lab Private Ltd lifted its stake in Albany International by 32.7% during the second quarter. Dynamic Technology Lab Private Ltd now owns 5,065 shares of the textile maker’s stock valued at $305,000 after buying an additional 1,247 shares in the last quarter. 88.68% of the stock is owned by institutional investors.
NYSE AIN traded down $0.68 on Monday, reaching $73.47. The company’s stock had a trading volume of 113,848 shares, compared to its average volume of 133,077. Albany International has a twelve month low of $57.95 and a twelve month high of $82.20. The company has a current ratio of 2.90, a quick ratio of 2.41 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 45.63 and a beta of 1.72.
Albany International (NYSE:AIN) last issued its quarterly earnings results on Tuesday, October 30th. The textile maker reported $0.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.15. Albany International had a net margin of 7.51% and a return on equity of 14.33%. The company had revenue of $253.25 million during the quarter, compared to the consensus estimate of $248.50 million. As a group, research analysts predict that Albany International will post 2.54 earnings per share for the current year.
About Albany International
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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