Zacks: Albany International Corporation (AIN) Given Consensus Recommendation of “Hold” by Brokerages
Albany International Corporation (NYSE:AIN) has earned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Analysts have set a 12 month consensus target price of $52.00 for the company, according to Zacks. Zacks has also given Albany International Corporation an industry rank of 231 out of 265 based on the ratings given to related companies.
Separately, BidaskClub cut Albany International Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th.
Shares of Albany International Corporation (NYSE:AIN) traded up 0.57% during trading on Thursday, reaching $52.50. The company’s stock had a trading volume of 128,806 shares. The company has a market cap of $1.69 billion, a PE ratio of 41.34 and a beta of 1.72. Albany International Corporation has a 12-month low of $37.00 and a 12-month high of $55.15. The company has a 50 day moving average of $53.05 and a 200 day moving average of $48.59.
Albany International Corporation (NYSE:AIN) last issued its earnings results on Tuesday, August 1st. The textile maker reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by $0.36. Albany International Corporation had a return on equity of 8.42% and a net margin of 4.98%. The firm had revenue of $215.57 million during the quarter. On average, analysts anticipate that Albany International Corporation will post $1.90 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, July 10th. Stockholders of record on Wednesday, June 7th were issued a $0.17 dividend. The ex-dividend date of this dividend was Monday, June 5th. This represents a $0.68 annualized dividend and a dividend yield of 1.30%. Albany International Corporation’s dividend payout ratio (DPR) is 53.54%.
Several large investors have recently modified their holdings of AIN. Ameritas Investment Partners Inc. purchased a new stake in shares of Albany International Corporation during the first quarter valued at about $114,000. State of Alaska Department of Revenue boosted its stake in shares of Albany International Corporation by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 3,190 shares of the textile maker’s stock valued at $146,000 after buying an additional 60 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Albany International Corporation by 47.3% in the first quarter. Victory Capital Management Inc. now owns 3,702 shares of the textile maker’s stock valued at $170,000 after buying an additional 1,189 shares during the period. First Interstate Bank boosted its stake in shares of Albany International Corporation by 15.8% in the first quarter. First Interstate Bank now owns 3,694 shares of the textile maker’s stock valued at $170,000 after buying an additional 505 shares during the period. Finally, Highbridge Capital Management LLC purchased a new stake in shares of Albany International Corporation during the first quarter valued at about $215,000. 88.72% of the stock is currently owned by hedge funds and other institutional investors.
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Albany International Corporation Company Profile
Albany International Corp. is focused on textiles and materials processing business. The Company operates through two segments: Machine Clothing and Albany Engineered Composites. The Company’s Machine Clothing 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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