Analysts Set Albany International Corp. (NYSE:AIN) PT at $80.40

Albany International Corp. (NYSE:AIN) has been assigned an average recommendation of “Moderate Buy” from the five analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $80.40.

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Albany International from $75.00 to $74.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Truist Financial lowered their target price on shares of Albany International from $88.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. StockNews.com upgraded Albany International from a “hold” rating to a “buy” rating in a research note on Thursday, April 17th. Bank of America lowered their target price on shares of Albany International from $80.00 to $75.00 and set an “underperform” rating on the stock in a research note on Tuesday, March 25th. Finally, Robert W. Baird decreased their price target on shares of Albany International from $104.00 to $92.00 and set an “outperform” rating on the stock in a report on Friday, February 28th.

Albany International Trading Down 1.1 %

NYSE:AIN opened at $62.72 on Friday. The company has a market cap of $1.94 billion, a PE ratio of 19.60 and a beta of 1.29. Albany International has a one year low of $57.71 and a one year high of $95.47. The firm has a 50-day moving average of $71.63 and a 200-day moving average of $76.50. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.68 and a quick ratio of 2.94.

Albany International (NYSE:AIN) last issued its quarterly earnings data on Wednesday, February 26th. The textile maker reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.05). The firm had revenue of $286.91 million during the quarter, compared to the consensus estimate of $299.52 million. Albany International had a return on equity of 12.20% and a net margin of 7.92%. As a group, equities research analysts expect that Albany International will post 3.23 EPS for the current fiscal year.

Albany International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 7th. Stockholders of record on Friday, March 21st were given a dividend of $0.27 per share. The ex-dividend date was Friday, March 21st. This represents a $1.08 annualized dividend and a dividend yield of 1.72%. Albany International’s dividend payout ratio (DPR) is presently 38.71%.

Institutional Trading of Albany International

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers boosted its position in Albany International by 3.7% during the fourth quarter. Cetera Investment Advisers now owns 3,730 shares of the textile maker’s stock valued at $298,000 after buying an additional 133 shares during the period. Integrated Investment Consultants LLC increased its stake in shares of Albany International by 3.3% during the fourth quarter. Integrated Investment Consultants LLC now owns 4,825 shares of the textile maker’s stock valued at $386,000 after buying an additional 155 shares during the period. Summit Investment Advisors Inc. lifted its stake in Albany International by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,265 shares of the textile maker’s stock worth $261,000 after acquiring an additional 207 shares during the period. Gamco Investors INC. ET AL boosted its holdings in Albany International by 0.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 49,080 shares of the textile maker’s stock valued at $3,925,000 after acquiring an additional 265 shares in the last quarter. Finally, Central Pacific Bank Trust Division increased its position in shares of Albany International by 16.1% during the fourth quarter. Central Pacific Bank Trust Division now owns 2,305 shares of the textile maker’s stock valued at $184,000 after buying an additional 320 shares during the period. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Albany International Company Profile

Albany International Corp., together with its subsidiaries, engages in the machine clothing and engineered composites businesses. The company operates in two segments, Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment designs, manufactures, and markets paper machine clothing for use in the manufacturing of papers, paperboards, tissues, towels, pulps, nonwovens, building products, tannery, and textiles, as well as fiber cement and several other industrial applications.