Albany International (AIN) Stock Price, News & Analysis

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Albany International in the last year. There are currently 1 sell rating, 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AIN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AIN, but not buy additional shares or sell existing shares.
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5 brokerages have issued 1-year price objectives for Albany International's stock. Their AIN share price targets range from $95.00 to $120.00. On average, they anticipate the company's share price to reach $102.00 in the next year. This suggests a possible upside of 20.5% from the stock's current price.
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Albany International's stock was trading at $98.22 at the beginning of 2024. Since then, AIN stock has decreased by 13.8% and is now trading at $84.67.
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Albany International saw a decline in short interest in April. As of April 15th, there was short interest totaling 223,000 shares, a decline of 11.0% from the March 31st total of 250,500 shares. Based on an average daily volume of 133,200 shares, the days-to-cover ratio is presently 1.7 days.
View Albany International's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 24th 2024.
View our AIN earnings forecast.

Albany International Corp. (NYSE:AIN) released its earnings results on Tuesday, April, 30th. The textile maker reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.03. The textile maker had revenue of $313.33 million for the quarter, compared to analyst estimates of $313.41 million. Albany International had a trailing twelve-month return on equity of 13.40% and a net margin of 9.35%. The firm's revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 earnings per share.

Albany International declared a quarterly dividend on Friday, February 23rd. Shareholders of record on Friday, March 15th will be given a dividend of $0.26 per share on Friday, April 5th. This represents a $1.04 annualized dividend and a yield of 1.23%. The ex-dividend date is Thursday, March 14th.
Read our dividend analysis for AIN.

Albany International (NYSE:AIN) pays an annual dividend of $1.04 per share and currently has a dividend yield of 1.24%. The company has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 29.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIN will have a dividend payout ratio of 22.61% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AIN.

ETFs with the largest weight of Albany International (NYSE:AIN) stock in their portfolio include Invesco S&P SmallCap Industrials ETF (PSCI) and Harbor Corporate Culture Small Cap ETF (HAPS).SPDR S&P 600 Small Cap ETF (SLY).

Albany International updated its FY 2024 earnings guidance on Monday, April, 29th. The company provided earnings per share guidance of 3.550-4.050 for the period, compared to the consensus earnings per share estimate of 3.970. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion.

11 employees have rated Albany International Chief Executive Officer William Higgins on Glassdoor.com. William Higgins has an approval rating of 100% among the company's employees. This puts William Higgins in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. 87.0% of employees surveyed would recommend working at Albany International to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Albany International investors own include AbbVie (ABBV), Marvell Technology (MRVL), NVIDIA (NVDA), Bank of America (BAC), Intel (INTC), Micron Technology (MU), Bristol-Myers Squibb (BMY), Walt Disney (DIS), Enterprise Products Partners (EPD) and KLA (KLAC).

Albany International's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Principal Financial Group Inc. (1.81%), Wasatch Advisors LP (0.84%), Raymond James & Associates (0.38%), Assenagon Asset Management S.A. (0.25%), Rice Hall James & Associates LLC (0.17%) and New York State Teachers Retirement System (0.16%). Insiders that own company stock include Christine L Standish, Daniel A Halftermeyer, Robert Alan Hansen and Robert D Starr.
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Shares of AIN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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