Albany International Corp. (NYSE:AIN) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Albany International Corp. (NYSE:AIN - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the five ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $83.00.

A number of research firms recently commented on AIN. JPMorgan Chase & Co. dropped their price target on Albany International from $75.00 to $74.00 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. Bank of America cut their price target on shares of Albany International from $90.00 to $80.00 and set an "underperform" rating for the company in a report on Friday, November 15th. StockNews.com downgraded shares of Albany International from a "buy" rating to a "hold" rating in a research report on Friday. TD Cowen raised Albany International to a "strong-buy" rating in a report on Thursday, December 19th. Finally, Robert W. Baird lowered their price target on Albany International from $104.00 to $92.00 and set an "outperform" rating for the company in a report on Friday.

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Institutional Investors Weigh In On Albany International

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP boosted its stake in shares of Albany International by 515.4% during the third quarter. Quarry LP now owns 480 shares of the textile maker's stock valued at $43,000 after purchasing an additional 402 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Albany International in the fourth quarter valued at approximately $40,000. Smartleaf Asset Management LLC raised its holdings in Albany International by 306.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 667 shares of the textile maker's stock valued at $53,000 after buying an additional 503 shares during the last quarter. Sterling Capital Management LLC boosted its position in Albany International by 735.6% during the 4th quarter. Sterling Capital Management LLC now owns 752 shares of the textile maker's stock worth $60,000 after buying an additional 662 shares during the period. Finally, Vestcor Inc bought a new stake in Albany International during the 4th quarter worth approximately $70,000. Institutional investors own 97.37% of the company's stock.

Albany International Stock Performance

Shares of AIN traded down $3.64 during mid-day trading on Friday, hitting $71.35. 221,176 shares of the company's stock were exchanged, compared to its average volume of 172,565. The company has a quick ratio of 2.94, a current ratio of 3.68 and a debt-to-equity ratio of 0.36. Albany International has a 52 week low of $67.39 and a 52 week high of $97.60. The stock's 50-day simple moving average is $80.33 and its 200-day simple moving average is $81.32. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 22.30 and a beta of 1.34.

Albany International (NYSE:AIN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The textile maker reported $0.58 EPS for the quarter, missing analysts' consensus estimates of $0.63 by ($0.05). The company had revenue of $286.91 million for 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%. On average, equities research analysts expect that Albany International will post 3.23 EPS for the current year.

Albany International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Friday, March 21st will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Friday, March 21st. Albany International's payout ratio is 38.71%.

About Albany International

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.