Albany International Corp. (NYSE:AIN) has been assigned an average broker rating score of 0.00 () from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Brokerages have set a 1-year consensus price target of $52.00 for the company, according to Zacks. Zacks has also given Albany International Corp. an industry rank of 105 out of 265 based on the ratings given to related companies.
Separately, Sidoti lowered shares of Albany International Corp. from a “buy” rating to a “neutral” rating and set a $52.00 price objective for the company. in a report on Thursday, December 15th. They noted that the move was a valuation call.
A number of institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Albany International Corp. by 4.3% in the third quarter. BlackRock Inc. now owns 6,688 shares of the company’s stock worth $284,000 after buying an additional 273 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Albany International Corp. by 3.5% in the third quarter. Bank of New York Mellon Corp now owns 424,563 shares of the company’s stock worth $17,993,000 after buying an additional 14,224 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Albany International Corp. by 2.8% in the third quarter. Wells Fargo & Company MN now owns 101,041 shares of the company’s stock worth $4,281,000 after buying an additional 2,792 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of Albany International Corp. by 9.0% in the third quarter. BlackRock Fund Advisors now owns 1,997,690 shares of the company’s stock worth $84,662,000 after buying an additional 164,324 shares in the last quarter. Finally, BlackRock Investment Management LLC raised its stake in shares of Albany International Corp. by 0.6% in the third quarter. BlackRock Investment Management LLC now owns 128,782 shares of the company’s stock worth $5,458,000 after buying an additional 708 shares in the last quarter. Institutional investors own 87.05% of the company’s stock.
Albany International Corp. (NYSE:AIN) opened at 46.05 on Monday. The stock has a 50 day moving average price of $45.94 and a 200-day moving average price of $44.88. Albany International Corp. has a 12-month low of $36.77 and a 12-month high of $49.50. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 28.08 and a beta of 1.87.
Albany International Corp. (NYSE:AIN) last announced its quarterly earnings data on Wednesday, February 8th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by $0.08. Albany International Corp. had a return on equity of 10.53% and a net margin of 6.76%. The firm earned $216 million during the quarter, compared to analysts’ expectations of $190.81 million. Equities analysts predict that Albany International Corp. will post $2.19 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 7th. Investors of record on Monday, March 20th will be issued a $0.17 dividend. The ex-dividend date is Thursday, March 16th. This represents a $0.68 dividend on an annualized basis and a yield of 1.48%. Albany International Corp.’s payout ratio is currently 41.46%.
About Albany International Corp.
Albany International Corp. is a textiles and materials processing company. The Company operates through two segments: Machine Clothing (MC) and Albany Engineered Composites (AEC). Its MC segment supplies permeable and impermeable belts used in the manufacture of paper, paperboard, nonwovens, fiber cement and various other industrial applications.
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