Albany International Corp. (NYSE:AIN) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Albany International Corp. (NYSE:AIN - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the five analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $82.00.

Several equities research analysts have commented on the company. TD Cowen upgraded Albany International to a "strong-buy" rating in a research note on Thursday, December 19th. Bank of America cut their price target on Albany International from $80.00 to $75.00 and set an "underperform" rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. decreased their target price on Albany International from $75.00 to $74.00 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. Robert W. Baird reduced their price objective on shares of Albany International from $104.00 to $92.00 and set an "outperform" rating for the company in a research report on Friday, February 28th. Finally, Truist Financial boosted their price objective on shares of Albany International from $85.00 to $88.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th.

Institutional Trading of Albany International

Several institutional investors have recently made changes to their positions in AIN. Vanguard Group Inc. boosted its stake in Albany International by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 3,493,846 shares of the textile maker's stock valued at $279,403,000 after acquiring an additional 12,687 shares during the last quarter. Earnest Partners LLC lifted its position in Albany International by 3.9% during the 4th quarter. Earnest Partners LLC now owns 2,641,108 shares of the textile maker's stock worth $211,209,000 after acquiring an additional 99,149 shares during the last quarter. Bank of America Corp DE boosted its stake in Albany International by 3,050.6% during the 4th quarter. Bank of America Corp DE now owns 1,363,946 shares of the textile maker's stock valued at $109,075,000 after purchasing an additional 1,320,654 shares during the period. State Street Corp increased its stake in Albany International by 3.1% during the third quarter. State Street Corp now owns 1,218,058 shares of the textile maker's stock valued at $108,544,000 after acquiring an additional 36,944 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Albany International by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,103,121 shares of the textile maker's stock worth $88,217,000 after buying an additional 9,226 shares during the last quarter. 97.37% of the stock is owned by hedge funds and other institutional investors.

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Albany International Stock Down 3.6 %

Shares of NYSE:AIN traded down $2.59 during trading on Tuesday, reaching $69.39. The stock had a trading volume of 249,246 shares, compared to its average volume of 196,855. The firm's 50-day simple moving average is $77.70 and its 200 day simple moving average is $79.30. The company has a market capitalization of $2.14 billion, a P/E ratio of 21.68 and a beta of 1.37. The company has a current ratio of 3.68, a quick ratio of 2.94 and a debt-to-equity ratio of 0.36. Albany International has a one year low of $67.39 and a one year high of $95.47.

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

Albany International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Friday, March 21st will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Friday, March 21st. Albany International's dividend payout ratio (DPR) 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.