Zacks: Albany International Corp. (AIN) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Albany International Corp. (NYSE:AIN) have been given a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Zacks has also given Albany International an industry rank of 217 out of 265 based on the ratings given to related companies.

Separately, Noble Financial initiated coverage on Albany International in a research report on Tuesday, January 9th. They issued a “hold” rating for the company.

Several hedge funds have recently made changes to their positions in AIN. Schwab Charles Investment Management Inc. lifted its position in shares of Albany International by 3.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 174,375 shares of the textile maker’s stock worth $9,312,000 after acquiring an additional 5,840 shares during the period. Alliancebernstein L.P. lifted its position in shares of Albany International by 0.7% in the 2nd quarter. Alliancebernstein L.P. now owns 40,355 shares of the textile maker’s stock worth $2,155,000 after acquiring an additional 300 shares during the period. Riverhead Capital Management LLC lifted its position in shares of Albany International by 71.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,398 shares of the textile maker’s stock worth $128,000 after acquiring an additional 998 shares during the period. Teachers Advisors LLC raised its holdings in shares of Albany International by 6.3% in the 2nd quarter. Teachers Advisors LLC now owns 51,541 shares of the textile maker’s stock worth $2,752,000 after buying an additional 3,041 shares in the last quarter. Finally, Amalgamated Bank acquired a new position in shares of Albany International in the 2nd quarter worth approximately $214,000. Institutional investors own 90.65% of the company’s stock.

Shares of Albany International (NYSE:AIN) traded up $0.40 during trading hours on Friday, reaching $63.50. The company had a trading volume of 113,478 shares, compared to its average volume of 116,662. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.76 and a current ratio of 2.49. Albany International has a 1 year low of $43.45 and a 1 year high of $65.65. The company has a market cap of $2,040.00, a P/E ratio of 47.74 and a beta of 1.73.

Albany International (NYSE:AIN) last announced its quarterly earnings data on Monday, October 30th. The textile maker reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.15. Albany International had a return on equity of 9.24% and a net margin of 5.06%. The company had revenue of $222.14 million during the quarter. During the same quarter in the prior year, the business posted $0.41 EPS. research analysts predict that Albany International will post 1.24 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 8th. Shareholders of record on Tuesday, December 26th were given a $0.17 dividend. The ex-dividend date was Friday, December 22nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.07%. Albany International’s dividend payout ratio is currently 51.13%.

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Albany International 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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