Albany International (AIN) Stock Price, News & Analysis

Company Overview

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. This segment offers paper machine clothing forming, pressing, and drying fabrics, as well as engineered processing belts; and engineered fabrics. The AEC segment 3D-woven and injected composite components for aircraft engines composite airframe and engine components for military and commercial aircraft. It operates in the United States, Switzerland, France, Brazil, China, Mexico, Germany, and internationally. The company was incorporated in 1895 and is headquartered in Rochester, New Hampshire.

Key Stats

• Today's Range: $80.13 to $83.11
• 50-Day Range: $67.86 to $88.85
• 52-Week Range: $67.39 to $99.41
• Volume: 220,863 shs
• Average Volume: 162,120 shs
• Market Capitalization: $2.52 billion
• P/E Ratio: 25.16
• Dividend Yield: 1.29%
• Price Target: $88.00
• Consensus Rating: Hold

Albany International Stock Analysis - MarketRank™

Albany International scored higher than 64% of companies evaluated by MarketBeat, and ranked 103rd out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.1 / 5
• Analyst Rating: Hold

Consensus Rating

Albany International has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 2 buy ratings, 1 hold rating, and 1 sell rating.

Amount of Analyst Coverage

Albany International has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 25.94%

Earnings Growth

Earnings for Albany International are expected to grow by 25.94% in the coming year, from $3.20 to $4.03 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Albany International is 25.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.45.

Price to Earnings Ratio vs. Sector

The P/E ratio of Albany International is 25.16, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 22.32.

Price to Earnings Growth Ratio

Albany International has a PEG Ratio of 2.63. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Albany International has a P/B Ratio of 2.53. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.23% of the outstanding shares of Albany International have been sold short.

Short Interest Ratio / Days to Cover

Albany International has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Albany International has recently increased by 22.23%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Albany International pays a meaningful dividend of 1.28%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Albany International does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Albany International is 32.50%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Albany International will have a dividend payout ratio of 25.81% next year. This indicates that Albany International will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.23% of the outstanding shares of Albany International have been sold short.

Short Interest Ratio / Days to Cover

Albany International has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Albany International has recently increased by 22.23%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.39

News Sentiment

Albany International has a news sentiment score of 0.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.61 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Albany International this week, compared to 4 articles on an average week.

Search Interest

3 people have searched for AIN on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.

MarketBeat Follows

6 people have added Albany International to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Albany International insiders have bought more of their company's stock than they have sold. Specifically, they have bought $245,813.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 0.76% of the stock of Albany International is held by insiders.

Percentage Held by Institutions

97.37% of the stock of Albany International is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

AIN Stock Analysis - Frequently Asked Questions

How have AIN shares performed this year?

Albany International's stock was trading at $98.22 at the beginning of the year. Since then, AIN shares have decreased by 18.0% and is now trading at $80.52.
View the best growth stocks for 2024 here.

How were Albany International's earnings last quarter?

Albany International Corp. (NYSE:AIN) announced its quarterly earnings results on Wednesday, October, 30th. The textile maker reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.35. The business's revenue was up 6.2% compared to the same quarter last year.

Who are Albany International's major shareholders?

Albany International's top institutional shareholders include Champlain Investment Partners LLC (3.36%), Victory Capital Management Inc. (2.72%), Loomis Sayles & Co. L P (2.03%) and Principal Financial Group Inc. (1.88%). Insiders that own company stock include Robert Alan Hansen, Gunnar Kleveland, Joseph M Gaug, Robert D Starr and Daniel A Halftermeyer.
View institutional ownership trends.

How do I buy shares of Albany International?

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.
Compare Top Brokerages Here.

What other stocks do shareholders of Albany International own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Albany International investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

• Ex-Dividend for 10/7 Dividend: 9/03/2024
• Dividend Payable: 10/07/2024
• Last Earnings: 10/30/2024
• Today: 11/15/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/24/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrial Products
• Industry: Broadwoven fabric mills, manmade
• Sub-Industry: Industrial Machinery
• Current Symbol: NYSE:AIN
• CUSIP: 01234810
• CIK: 819793
• Web: www.albint.com
• Phone: (603) 330-5850
• Fax: 603-994-3835
• Employees: 5,600
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $88.00
• High Stock Price Target: $96.00
• Low Stock Price Target: $81.00
• Potential Upside/Downside: +9.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.25
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.20
• Trailing P/E Ratio: 25.16
• Forward P/E Ratio: 25.16
• P/E Growth: 2.63
• Net Income: $111.12 million
• Net Margins: 7.92%
• Pretax Margin: 10.41%
• Return on Equity: 12.20%
• Return on Assets: 6.69%

Debt

• Debt-to-Equity Ratio: 0.36
• Current Ratio: 3.68
• Quick Ratio: 2.94

Sales & Book Value

• Annual Sales: $1.15 billion
• Price / Sales: 2.20
• Cash Flow: $6.47 per share
• Price / Cash Flow: 12.44
• Book Value: $31.84 per share
• Price / Book: 2.53

Miscellaneous

• Outstanding Shares: 31,300,000
• Free Float: 31,062,000
• Market Cap: $2.52 billion
• Optionable: Optionable
• Beta: 1.29