Analysts Set Albany International Corp. (NYSE:AIN) Target Price at $95.50

Albany International Corp. (NYSE:AIN) has earned a consensus rating of “Hold” from the four ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $95.50.

A number of analysts have recently issued reports on AIN shares. Truist Financial decreased their target price on Albany International from $104.00 to $101.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Bank of America decreased their target price on Albany International from $95.00 to $90.00 and set an “underperform” rating for the company in a report on Wednesday, May 29th. Finally, StockNews.com upgraded Albany International from a “hold” rating to a “buy” rating in a report on Thursday, August 15th.

Hedge Funds Weigh In On Albany International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Whittier Trust Co. raised its position in shares of Albany International by 94.7% in the 1st quarter. Whittier Trust Co. now owns 547 shares of the textile maker’s stock valued at $51,000 after purchasing an additional 266 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Albany International by 27.4% in the 2nd quarter. GAMMA Investing LLC now owns 674 shares of the textile maker’s stock valued at $57,000 after purchasing an additional 145 shares in the last quarter. Principal Securities Inc. acquired a new position in shares of Albany International in the 4th quarter valued at approximately $77,000. Hilltop National Bank raised its position in shares of Albany International by 14.7% in the 2nd quarter. Hilltop National Bank now owns 1,045 shares of the textile maker’s stock valued at $88,000 after purchasing an additional 134 shares in the last quarter. Finally, TFO Wealth Partners LLC raised its position in shares of Albany International by 109,100.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,092 shares of the textile maker’s stock valued at $98,000 after purchasing an additional 1,091 shares in the last quarter. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Albany International Stock Down 0.1 %

AIN opened at $86.51 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.59 and a quick ratio of 2.87. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 24.30, a price-to-earnings-growth ratio of 2.42 and a beta of 1.26. The business has a 50-day moving average of $88.77 and a two-hundred day moving average of $88.23. Albany International has a 12 month low of $78.20 and a 12 month high of $99.41.

Albany International (NYSE:AIN) last posted its quarterly earnings results on Tuesday, August 6th. The textile maker reported $0.89 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.02). Albany International had a net margin of 8.76% and a return on equity of 13.13%. The business had revenue of $331.99 million during the quarter, compared to analysts’ expectations of $318.17 million. During the same quarter last year, the firm earned $0.90 EPS. The firm’s quarterly revenue was up 21.1% compared to the same quarter last year. On average, research analysts expect that Albany International will post 3.71 earnings per share for the current year.

Albany International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Tuesday, September 3rd will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Tuesday, September 3rd. Albany International’s dividend payout ratio is presently 29.21%.

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.